Northam Platinum Limited

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Northam Platinum Limited
  • Northam Platinum Limited
  • Year : Oct 2020
3 Tokens
USD 300.00
Summary

Northam’s profitability has surged over recent years, enhanced by higher platinum group metals prices and rising production volumes. The upgrade of the ratings primarily reflects Northam’s strengthened earnings profile and expectations of continued robust free cash flows and financial metrics on the back of favourable commodity prices.

Additional Information

Northam has a good record of maintaining conservative financial policies. The group recently adopted a net debt/EBITDA target ratio of 1x and thus is expected to maintain a strong balance sheet over the rating horizon, despite the large ongoing capex programme and the Zambezi share buy-back commitment.

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