Anglo American Platinum Ltd

Anglo American Platinum Ltd. is a holding company, which engages in the supply of platinum group metals. The firm specializes in mined, recycled, and traded metal which include palladium, platinum, rhodium, ruthenium, iridium, and osmium. The company was founded on July 13, 1946 and is headquartered in Johannesburg, South Africa.

Anglo-American Platinum, delivered strong 1H24 results despite weak metal prices, maintaining a competitive AISC and strong financial health. Anglo Platinum keeps a prudent capital structure. The Total Debt/Equity ratio is 12.6%, and Total Liabilities/Total Assets is 42.2%. BHP's proposed merger with Anglo American Plc was rejected by shareholders due to risks and questionable benefits.

Anglo American Platinum: The Best PGM Miner; Rating Upgrade

Anglo American Platinum Limited (ANGPY) H1 2024 Earnings Call Transcript

Anglo American Platinum is the world's biggest producer of PG Metals and is vertically integrated. The sector has suffered a correction due to a weaker rebound of thermal cars requiring auto-catalysts and an increasing penetration of EVs. The solid balance sheet and the cost-cutting program give sufficient safety to navigate in this difficult period.

Anglo American Platinum: With Important Cost Cutting In Place, It Is Time To Consider Buying The Stock

Anglo American Platinum Limited (OTCPK:ANGPY) Q4 2024 Results Conference Call February 19, 2024 4:00 AM ET

Anglo American Platinum Limited (ANGPY) Q4 2024 Earnings Call Transcript

Anglo American Platinum said more than 4,300 jobs could be affected in a restructuring as it grapples with lower prices, rising costs and an uncertain outlook.

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Numerous high-quality dividend opportunities are up for grabs at the moment, which may be appealing to some investors given the uncertainty embedded in today's market environment. Furthermore, many investors might fancy dividend stocks in the current market climate due to the lackluster performance of fixed-income securities.

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Anglo American Platinum Limited's latest quarterly production report revealed glitches in short-term production, leading to a sharp drawdown of its stock. Infrastructure issues relating to water stoppages impacted the company's refinery operations in Rustenburg. The weak price environment for platinum group metals poses a challenge for Anglo American Platinum, but a technical price recovery isn't out of the equation.

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Anglo American Platinum Limited (OTCPK:ANGPY) Q2 2023 Earnings Call Transcript July 24, 2023 5:00 AM ET Company Participants Franscelene Moodley - Head of Investor Relations Craig Miller - CFO, Finance Director & Executive Director Natascha Viljoen - CEO & Executive Director Conference Call Participants Christopher Nicholson - RMB Morgan Stanley Nkateko Mathonsi - Investec Bank Leory Mnguni - HSBC Steven Friedman - UBS Adrian Hammond - SBG Securities Franscelene Moodley Good morning. I'm Fran Moodley, the Head of Investor Relations at Anglo American Platinum, and thank you for joining us today at our 2023 interim results.

Anglo American Platinum Limited (ANGPY) Q2 2023 Earnings Call Transcript

(Kitco News) - Anglo American Platinum (JSE: AMS), a member of the Anglo American Group, reported today that its earnings for the six months ended 30 June 2023 (H1 2023) have decreased largely due to a decline in revenue as a result of the lower average PGM basket price relative to the corresponding six months in 2022.

Anglo American Platinum expects HY earnings decline due to lower PGM price, lower sales and higher costs

Anglo American Platinum Limited (OTCPK:ANGPY) Q4 2022 Earnings Conference Call February 20, 2023 4:00 AM ET Company Participants Emma Chapman - Head IR Natascha Viljoen - Chief Executive Officer Craig Miller - Finance Director Conference Call Participants Christopher Nicholson - RMB Morgan Stanley Gerhard Engelbrecht - Absa CIB Global Markets Steve Friedman - UBS Adrian Hammond - SBG Securities Richard Hatch - Berenberg Myles Allsop - UBS Emma Chapman Good morning, everybody, and thank you for joining us today at Anglo American Platinum's 2022 Annual Results Presentation. I would like to draw your attention very quickly to the cautionary statement, and we will really appreciate it if you could read this in your own time and take the points on board.

Anglo American Platinum Limited (ANGPY) Q4 2022 Earnings Call Transcript

(Kitco News) - Amplats said that its 2022 headline earnings were R49 billion (~US$2.7 billion), down 38% compared to 2021 (headline earnings of R79 billion or ~US$4.4 billion).

Anglo American Platinum's headline earnings down 38% in 2022

Many investors are worried about Anglo American Platinum Limited's soft Q4 production and South Africa's systemic headwinds. Nevertheless, the market has likely already priced a worst-case scenario for PGM miners. The situation in South Africa is grim, and Eskom is a severe issue. However, Anglo possesses the necessary resilience to fight through tough times.

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Anglo American Platinum could recover in 2023 after losing a substantial portion of its market value in this year's bear market. The company's low-cost model is a significant advantage, with its Mogalakwena open-cast mine presenting it with pricing advantages.

Anglo American Platinum: Set To Recover Sharply In 2023

(Kitco News) - Anglo American Platinum (AAP), a member of the Anglo American plc Group, reported today that its PGM metal-in-concentrate and refined production for 2022 expected to be within guidance.

Anglo American Platinum expects PGM production within guidance in 2022, lowers forecast for 2023 and 2024

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(Kitco News) - Anglo American Platinum announced today that as a result of the delay to the Polokwane smelter rebuild and the resultant work-in-progress inventory build, the company has revised its 2022 refined production guidance to between 3.7 - 3.9 million PGM ounces (previously 4.0 – 4.4 million ounces).

Anglo American Platinum trims its 2022 refined PGM production guidance

Anglo American Platinum Limited (OTCPK:ANGPY) Q2 2022 Results Conference Call July 25, 2022 5:00 AM ET Company Participants Emma Chapman - Head IR Natascha Viljoen - CEO Craig Miller - Finance Director Conference Call Participants Arnold Van Graan - Nedbank Catherine Cunningham - JP Morgan Christopher Nicholson - Morgan Stanley Dominic O'Kane - JP Morgan Leroy Mnguni - HSBC Myles Allsop - UBS Patrick Mann - Bank of America Rene Hochreiter - NOAH Steve Friedman - UBS Unidentified Company Representative Good morning, ladies and gentlemen. Welcome to the Anglo American Corporate Head Office.

Anglo American Platinum Limited (ANGPY) CEO Natascha Viljoen on Q2 2022 Results - Earnings Call Transcript

While the secular hydrogen thesis is a nice element, the company still trades 1:1 as a commodity exposure to PGMs. With the commodity cycle certainly going to turn thanks to a global push against inflation at the expense of the economy, it had better be sold for now.

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Due to economic sanctions levied against Russia, Platinum prices could see a spike, boosting platinum stocks. The post 3 Platinum Stocks to Buy as a Proxy for Gold appeared first on InvestorPlace.

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