Impala Platinum Holdings Ltd

Impala Platinum Holdings Ltd. engages in the business of mining, refining, and marketing of platinum group metals. Its products include platinum, palladium, rhodium, ruthenium, iridium, gold, and silver as well as base metals such as nickel, copper, cobalt, and chrome. It operates through the following segments: Mining, Impala Refining Services, and Other. The Mining segment comprises of Impala, Zimplats, Marula, and Afplats. The Impala Refining Services includes metals purchased and toll-refined materials. The Other segment consists of South Africa, Zimbabwe, and Investment in Associates. The company was founded in 1924 and is headquartered in Northlands, South Africa.

Despite lower PGM prices, Impala remains profitable with $533 million EBITDA and $86 million operating income FY24. FY24 results show a 21% YoY increase in 6E production and stable unit costs, highlighting operational efficiency across all segments. Impala has the best balance sheet in its peer group, with 3.5% Total Debt/Equity and 27.3% Total Liabilities/Total Assets.

Impala Platinum: The Only PGM Miner Outperforming SPY YTD; Rating Unchanged

Impala Platinum Holdings Limited reported noteworthy declines in both revenue and profit in its full-year results. Although the group's year-over-year downturn was somewhat anticipated, it underscores the challenging systematic environment. Despite all the negatives, inflection points have emerged as asset valuations and PGM prices might've struck a bottom.

Impala Platinum's Full-Year Results: Notable Headwinds But Inflection Points Have Emerged

Impala Platinum Holdings Limited (OTCQX:IMPUY) Q4 2024 Earnings Conference Call August 29, 2024 5:30 AM ET Company Participants Johan Theron - Group Executive, Corporate Affairs Patrick Morutlwa - Chief Operating Officer Meroonisha Kerber - Chief Financial Officer Nico Muller - Chief Executive Officer Moses Motlhageng - Chief Executive, Impala Rustenburg Adelle Coetzee - Executive, Metallurgy Mark Munroe - Chief Technical Officer Lee-Ann Samuel - Executive Director and Group Executive, People Conference Call Participants Chris Nicholson - Morgan Stanley Gerhard Engelbrecht - Absa Arnold Van Graan - Nedbank Leroy Mnguni - HSBC Adrian Hammond - SBG Securities Johan Theron Good morning, ladies and gentlemen. And welcome to the Annual Financial Results Presentation for Impala Platinum.

Impala Platinum Holdings Limited (IMPUY) Q4 2024 Earnings Call Transcript

Platinum and palladium underperformed gold and silver in the first half of 2024. South Africa leads in platinum production, while South Africa and Russia are tied in palladium output. Impala Platinum Holdings Limited is a top South African PGM producer with potential for growth.

Impala Platinum: A PGM Producer In A Leading Producing Country

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For 2H23, Impala reached 1.75 Moz refined production and increased its output by 18% to 1.9 6E Moz compared to 1H23.

Impala Platinum: Excellent Business At An Attractive Price At The Right Time; Rating Upgrade

Impala Platinum Holdings is an undervalued PGM miner that has struggled due to low PGM prices. Despite recent poor results, the eventual upswing in PGM prices will create a buying opportunity for long-term investors. Attractive demand opportunities and PGM deficits suggest the potential for price increases in the future.

Impala Platinum Holdings: Nearing A Cyclical Bottom

Impala Platinum Holdings Ltd. (IMPUY) Q2 2024 Earnings Call Transcript

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Impala Platinum is the largest platinum producer. It owns three of the top ten platinum mines globally. It is also one of the leading palladium and rhodium miners. The company has the best balance sheet in its peer group, with the highest cash-to-total debt ratio. Impala has $1.43 billion cash and $137 million total debt. Impala's profitability and efficiency lag behind its competitors. One of the reasons is the distinct revenue composition, with accent on platinum and palladium.

Impala Platinum: Great Business At A Cheap Price, But Not At The Right Time Yet

(Kitco News) - The company said that its refined 6E PGM production, which includes saleable ounces from Impala Canada and Impala Bafokeng, increased by 25.5% y-o-y to 885 thousand ounces in September quarter.

Impala Platinum's refined PGM production up 26% in Sept qtr due to inclusion of Bafokeng

Impala Platinum Holdings Limited reported a net loss of $483.76 million in H1 2023, with a negative EBITDA of $325.16 million. The company's stock performance has underperformed Sibanye Stillwater Limited, and it has dropped 59% on a one-year basis. I recommend buying Impala Platinum Holdings shares between $4 and $3.40, with a lower support at $3.25.

Impala Platinum Holdings: It's Hard To Think It Could Drop Much Further

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Impala Platinum Holdings Limited (OTCQX:IMPUY) Q4 2023 Earnings Conference Call August 31, 2023 5:30 AM ET Company Participants Johan Theron - Group Executive, Corporate Affairs Nico Muller - CEO & Executive Director Meroonisha Kerber - CFO, Debt Officer & Executive Director Tim Hill - CEO, Impala Canada Patrick Morutlwa - Group COO Conference Call Participants Christopher Nicholson - Morgan Stanley Rene Hochreiter - NOAH Arnold Van Graan - Nedbank Leroy Mnguni - HSBC Adrian Hammond - SBG Securities Nkateko Mathonsi - Investec Johan Theron Thanks. All righty.

Impala Platinum Holdings Limited (IMPUY) Q4 2023 Earnings Call Transcript

(Kitco News) - Impala Platinum (JSE: IMP, Implats), a leading producer of platinum group metals (PGM), reported today that for the year ended 30 June 2023 (FY23), its 6E PGM in concentrate production increased by 2% to 3.25 million ounces from 3.19 million ounces in FY22.

Impala Platinum's profit falls in FY23 on weaker dollar PGM pricing and lower refined production

A company with a high FCF yield can afford to pay dividends, buy back stock and lower debt —all actions that can potentially boost shareholder value.

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Majority control of Royal Bafokeng Platinum will likely provide Impala Platinum with needed breathing space and adds to its net asset base. The Waterberg project provides Mogalakwena-esque attributes, and Impala Platinum might capitalize once early ores are delivered. New risks have surfaced within South Africa, namely the 2024 national election and railway issues.

Impala Platinum: Hidden Assets And New Risks Discussed

(Kitco News) - Impala Platinum (JSE: IMP, Implats), a leading producer of platinum group metals (PGM), reported today that in the March quarter of 2023, its 6E PGM in concentrate production declined by 5% y-o-y to 735,000 ounces.

Impala Platinum reports production decline in March quarter, notes 'challenging' operating environment

Impala Platinum's stock has been hit hard by plummeting palladium and rhodium prices and South Africa's energy crisis - i.e., factors beyond the company's control. 80-90% of palladium and rhodium demand derives from the autocatalyst market and investors are concerned about long-term growth amid the EV craze.

Impala Platinum: Undervalued And Ready To Rebound

Impala Platinum Holdings Limited (OTCQX:IMPUY) Q4 2022 Earnings Conference Call March 2, 2023 4:30 AM ET Company Participants Nico Muller - Chief Executive Officer Johan Theron - Corporate Affairs and Strategy Mark Munroe - CEO, Rustenburg Operations Emma Townshend - Corporate Affairs Conference Call Participants Leroy Mnguni - HSBC Chris Nicholson - Morgan Stanley Adrian Hammond - SPG Securities Rene Hochreiter - NOAH Operator Good morning, ladies and gentlemen. A warm welcome to everybody in the room with us today.

Impala Platinum Holdings Limited (IMPUY) Q4 2022 Earnings Call Transcript

Key variables suggest that Impala Platinum is set for a turnaround. Most PGM prices are below their moving averages, with supply shortages and higher demand en route.

Impala Platinum: A Turnaround Is On The Horizon

Emerging Market stocks possess diversification benefits. Impala Platinum and African Rainbow Minerals are overlooked mining stocks with tremendous total return prospects.

African Rainbow Minerals Vs. Impala Platinum: Which One Is A Better Buy?

(Kitco News) - Impala Platinum (JSE: IMP, Implats), a leading producer of platinum group metals (PGM), yesterday announced that for the September 2022 quarter, its 6E PGM in concentrate production increased by 2% y-o-y to 824,000 ounces.

News for Impala Platinum Holdings Ltd Stock (IMPUY)