African Rainbow Minerals Ltd (ARM) said higher metal prices boosted headline earnings per share fourfold to 264c in the first half to end December and forecast strong earnings ahead.
The diversified mining group said on Tuesday higher prices for platinum, nickel, iron ore, manganese and its coal unit had driven headline EPS from 64c a year ago, but exploration and rising corporate costs had watered down the gains.
ARM saw more price gains in the second half of its financial year. "Our operations will continue to be favourably impacted by the current buoyant commodity cycle," it said in a statement.
Read more at FIN24.co.za
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