Sibanye Sees First-Half Loss as Palladium Slump Forces Writedown [BNN Bloomberg (Canada)]
IMPALA PLATINUM HLDGS ADR (IMPUY)
NASDAQ:AMEX Investor Relations:
implats.co.za/results-and-presentations.php
Company Research
Source: BNN Bloomberg
The Johannesburg-listed company wrote down its US platinum-group metal operations by 7.5 billion rand ($420 million), it said in a statement on Monday. That follows an impairment of about $2 billion at the Montana project last year. Sibanye fell as much as 8.8%, the most since November. South African platinum miners are under pressure as PGM prices decline amid destocking and a weakening demand outlook from the auto sector, where the metals are used in devices to curb emissions in gasoline and diesel vehicles. That's forced companies, including Sibanye and Impala Platinum Holdings Ltd., to cut jobs as they try to lower costs. The price of palladium — the main metal produced at Sibanye's US operations — has slumped 43% since the start of last year. While there have been operational improvements since an expansion plan at the Stillwater mines was shelved in late-2023, more may be required. “Further actions to address the cost structures at the US PGM operations are being assessed
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 (JSE:IMP) delivers shareholders respectable 49% return over 1 year, surging 3.9% in the last week alone [Yahoo! Finance]Yahoo! Finance
- Impala Platinum Holdings Insiders Added R13.1m Of Stock To Their Holdings [Yahoo! Finance]Yahoo! Finance
- Eastplats commissions PGM processing plant in South Africa [Yahoo! Finance]Yahoo! Finance
- Zimbabwe's Biggest Miners Seek $182 Million for Solar Projects [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Zimbabwe's Biggest Miners Seek $182 Million for Solar Projects [Yahoo! Finance]Yahoo! Finance