Merafe Resources Limited Reports Production Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Earnings Guidance for the Full Year Ended December 31, 2017
For the year, the company's attributable ferrochrome production from the Glencore Merafe Chrome Venture for the year ended 31 December 2017. The company's attributable ferrochrome production was 395,000 kt against 393,000 kt a year ago.
For the year, the company expects basic earnings per share for the year ended 31 December 2017 of between 34.5 cents and 38.5 cents compared to 21.2 cents for the prior year, which is an increase of between 63% and 82%. Headline earnings per share for the year ended 31 December 2017 of between 34.5 cents and 38.5 cents, compared to 38.5 cents for the prior year, which is an increase of between 63% and 82%.