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Announcements 2026
- 11 Aug 2026
Northam is pleased to announce that it has successfully concluded and implemented an agreement to increase its existing revolving credit facility (“RCF”) from R13.3 billion to R15.0 billion (“RCF Increase”). The RCF matures in August 2027 and this date, as well as the remaining material terms and conditions pertaining to the RCF remain unchanged.
Northam’s total available banking facilities now amount to R16.0 billion, comprising the increased RCF of R15.0 billion together with the existing general banking facility of R1.0 billion.
This provides the Northam group with important funding flexibility and liquidity.
We are approaching the conclusion of our current strategic journey and given the quality of our resource base and operating assets, together with our view of an ongoing and increasing Platinum Group Metal (“PGM”) supply deficit, it is now time to set new goals.
Having assessed all available alternatives, we have concluded our optimal path lies in a combination of incremental brownfield enhancements to our own operations, together with the expansion of our third-party business. Over the coming five years this will enable growth in sales to 1.5 million 4E ounces and 2 million tonnes of chrome concentrate, whilst bullet-proofing the company against future potential market shocks.
This new strategic goal includes growth at each of our operations and will require capital investment. Our increased RCF will secure the liquidity required to enable execution of this strategy despite any potential future market volatility.
Paul Dunne, Northam’s Chief Executive Officer, said “Northam’s belief in the inherent value of the metals which we produce, together with our long-held view of shrinking global primary production, have been the drivers behind our growth strategy. This strategy has required the investment of significant capital. The RCF Increase will provide Northam with the liquidity and flexibility to increase our production base even further and to continue to sustainably increase value for all stakeholders.”
Johannesburg
11 August 2026
Corporate Advisor and Sponsor to Northam Holdings: One Capital
Corporate Advisor and Debt Sponsor to Northam Platinum: One Capital