Northam Platinum set a Vision 2031 target of more than 1.5 million ounces of annual PGM sales, with chief executive Paul Dunne citing new industrial demand from artificial intelligence and robotics.
Northam Platinum's headline earnings per share rose 699% to 3,044.2c in the year to June 2026, and it raised its minimum dividend payout to 40% of headline earnings.
Northam Platinum said on 25 August 2026 it had received an unsolicited, non-binding approach from a major South African PGM producer, reported by Bloomberg to be Valterra Platinum, and invited rival bids.
Northam Platinum has commissioned the new 3 shaft at its Zondereinde mine in Limpopo, a R6.3bn project that took five and a half years and is designed to sustain and grow output from the operation.
Northam Platinum produced a record 1.69Mt of chrome concentrate in FY2026, with Eland's output up 49.5%, while refined PGM output from its own mines rose 4.4% to 938,754oz.
Northam Platinum's headline earnings per share jumped to R15.24 in the six months to December 2025, funding a record R2.8bn interim dividend as PGM prices continued to climb.
Northam Platinum increased its revolving credit facility from R2bn to R13.3bn to accelerate solar, battery storage and power-purchase projects aimed at cutting its reliance on Eskom.
