South African Miners' Output Recovery Could Spur Shares -- Market Talk

Dow Jones04-09

0934 GMT - South African miners look likely to deliver stable production following a string of operational issues last year, Citi says. Stabilized volumes followed by a recovery could be a key earnings catalyst for the stocks through lower unit costs, analysts write in a research note. "Having said that, we flag there is limited room for miners to cut costs organically, while platinum-metals miners could incur some restructuring costs," they say. Potential production cuts should be supportive of PGM prices, they add. Shares of South African PGM miners Impala Platinum, Anglo American Platinum and Sibanye-Stillwater are up 4.9%, 3.7% and 4.9%, respectively. (christian.moess@wsj.com)

(END) Dow Jones Newswires

April 09, 2024 05:34 ET (09:34 GMT)

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Potential production cuts should be supportive of PGM prices, they add. Shares of South African PGM miners Impala Platinum, Anglo American Platinum and Sibanye-Stillwater are up 4.9%, 3.7% and 4.9%, respectively. 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Stabilized volumes followed by a recovery could be a key ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IMPUY","symbol_name":"Impala Platinum Holdings Ltd.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2426506571","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2426506571","pubTimestamp":1712655240,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0934 GMT - South African miners look likely to deliver stable production following a string of operational issues last year, Citi says. 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