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flag Northam Platinum reports lower profits due to increased mining costs, despite record sales.

flag Northam Platinum saw its annual profit drop by 14.4% due to rising mining costs, despite record sales of over a million ounces of platinum group metals. flag The company's earnings per share fell to 3.81 rand from 4.45 rand the previous year. flag Though revenue increased by 6.9%, cash costs surged by 8.1%, leading to a decline in operating profit. flag Northam maintained a cautious outlook on the platinum market, noting growing demand for special metals like ruthenium.

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