Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
JSE-listed Merafe Resources expects its headline earnings a share for the year ended December 31 to drop by between 19% and 26% year-on-year to between 8c and 8.8c. The decrease in earnings was primarily attributable to the accelerated depreciation arising from the scrapping of certain assets, as well as additional depreciation arising from Project Lion II and an increase in borrowing costs expensed as a result of the project’s completion.
JSE-listed Merafe Resources expects its headline earnings a share for the year ended December 31 to drop by between 19% and 26% year-on-year to between 8c and 8.8c. The decrease in earnings was primarily attributable to the accelerated depreciation arising from the scrapping of certain assets, as well as additional depreciation arising from Project Lion II and an increase in borrowing costs expensed as a result of the project’s completion.
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