Implats Slashes Spending as Profit Slumps on Low Metal Prices [Financial Post (Toronto, Ontario, Canada)]
IMPALA PLATINUM HLDGS ADR (IMPUY)
NASDAQ:AMEX Investor Relations:
implats.co.za/results-and-presentations.php
Company Research
Source: Financial Post
Author of the article: (Bloomberg) — Impala Platinum Holdings Ltd. plans to cut spending by more than half a billion dollars over the next five years, after fiscal first-half profit plunged 88% on lower metal prices. The company known as Implats joins its South African peers — Anglo American Platinum Ltd. and Sibanye Stillwater Ltd. — in reporting a slump in earnings as the markets for platinum, palladium and rhodium declined sharply last year. Implats has yet to follow its rivals in announcing thousands of potential job cuts in its home country, but Chief Executive Nico Muller said that if ongoing restructuring efforts aren't enough, the miner is prepared to suspend production at unprofitable shafts. Article content Article content Muller said the company will cut planned spending by 10 billion rand ($520.3 million) over five years, targeting the biggest savings for operations in Zimbabwe and Canada. The flagship Rustenburg complex in South Africa – where 13 employees died
Show less
Read more
Impact Snapshot
Event Time:
IMPUY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
IMPUY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
IMPUY alerts
High impacting IMPALA PLATINUM HLDGS ADR news events
Weekly update
A roundup of the hottest topics
IMPUY
News
- Impala Platinum Holdings: Nearing A Cyclical Bottom [Seeking Alpha]Seeking Alpha
- Gold hovers near one-month peak on slowing U.S. inflation [CNBC]CNBC
- Gold hovers near one-month peak on slowing US inflation [Reuters]Reuters
- Zimbabwe Central Bank Accumulates Almost a Ton of Gold Reserves [BNN Bloomberg (Canada)]BNN Bloomberg
- South African Platinum Miners' Profits Slump on Lower Prices [BNN Bloomberg (Canada)]BNN Bloomberg