Mvelaphanda shares soar

MVELAPHANDA Resources yesterday reported a rise in full-year headline earnings per share to 1663 cents from 93 cents and said its unbundling strategy was on track.

MVELAPHANDA Resources yesterday reported a rise in full-year headline earnings per share to 1663 cents from 93 cents and said its unbundling strategy was on track.

It said the significant change in earnings was due to a change in accounting practices for its higher stake in Northam, as well as its Gold Fields investment, which has been put up for sale . - Reuters

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