South African miner Anglo American Platinum Ltd (Amplats) reported on Monday a 572% surge in interim earnings and paid a record dividend as higher metals prices and increased output boosted profits.
Amplats reported headline earnings per share, the main profit measure used in South Africa, for the six months ended June 30 of 176.47 rand ($11.88) per share versus 26.27 rand a year earlier.
The miner declared an interim dividend of 175 rand per share, consisting of both a base dividend and a special dividend, compared to 10.23 rand a year earlier.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) during the period rose 385% to a record 63.3 billion rand with net cash at the end of the period at 57.6 billion rand.
The precious metals miner said refined production during the half-year increased by 128% to 2,326,700 ounces, boosted by the completion of the rebuild of unit A at its Anglo Converter Plant (ACP) processing facility in 2020.
