Lon­min shares up

The Times (South Africa) - - BUSINESS - BDLive

PLATINUM miner Lon­min’s share price rose 9% to R12.19 yes­ter­day af­ter a prof­itable June quar­ter.

Al­though av­er­age platinum group metal prices rose in dol­lars from the same pe­riod in 2016, the stronger rand caused this to drop in rand terms.

Lon­min’s av­er­age unit cost was R11.278/oz, 4.7% lower than the last quar­ter but 6.4% higher than the pre­vi­ous year. —

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