Precious-metal miners are printing money, but have profits peaked?
It's been a week of extraordinary results from miners riding the early 2026 wave of surging metal prices.
A clutch of precious metals miners published results and trading updates this week, and they were spectacular.
Implats is expecting a 51% bump in revenue for the year to June 2026, against an 8% increase in unit costs. But the real kicker is in the headline earnings figure, which is expected to come in at between R21.8 billion and R23.8 billion – a more than 3 000% increase on the previous year’s R700 million.
