Northam Platinum retains 50% offtake while Northam Platinum stock costs EUR 13.40

Published on 10/15/2026 at 12:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Northam Platinum stock costs EUR 13.40 on October 15, 2026. The Xetra close was EUR 13.20, while fiscal 2026 output reached 1,032,509 oz.

Production and analyst valuation

Northam Platinum retained 50.00 percent of Tharisa Mine concentrate on October 15, 2026.
Refined metal production reached 1,032,509 oz in fiscal 2026, versus 937,942 oz previously.
Northam Platinum stock trades at EUR 13.40 at 12:31 p.m. CEST at Lang & Schwarz on October 15, 2026, 1.52 percent above the Xetra close of October 14, 2026.
AnalystHighTarget trimmed its fair value from ZAR 470.69 to ZAR 450.17 on October 1, 2026.
The Tharisa offtake arrangement begins on January 1, 2027.

Northam Platinum, ZAE000298253, Illustration mit AI erstellt.

Northam Platinum (ISIN ZAE000298253) stock costs EUR 13.40 at Lang & Schwarz on October 15, 2026, at 12:31 p.m. CEST. The company retained its existing arrangement to purchase 50.00 percent of the platinum group metals concentrate from Tharisa Mine after a new partner was announced for the other half.

According to TradingView on October 15, 2026, Valterra Platinum will purchase 50.00 percent of the concentrate from January 1, 2027, replacing Sibanye-Stillwater as an offtake partner. Northam Platinum retains the remaining 50.00 percent arrangement.

Output provides the operating anchor

The latest production comparison gives the event a measurable operating backdrop. Northam Platinum produced 1,032,509 oz of refined metal in the financial year ended June 30, 2026, compared with 937,942 oz in the previous financial year, according to Simply Wall St on October 1, 2026.

That increase of 94,567 oz, or 10.08 percent, places volume growth at the center of the Northam story. It also matters for the offtake arrangement because the company continues to secure concentrate supply from a third-party mine while maintaining its own production base.

What does the target change mean?

AnalystHighTarget reduced its fair value estimate for Northam Platinum from ZAR 470.69 to ZAR 450.17 in an update dated October 1, 2026, a cut of 4.36 percent, according to Simply Wall St. The same update cited a lower projected net profit margin of 10.93 percent and a revised revenue growth assumption of 31.85 percent.

Two dates frame the next step

The current event is dated October 15, 2026, while the new Valterra arrangement starts on January 1, 2027. The production figures cover the financial year ended June 30, 2026, giving investors a defined operating period alongside the forward offtake date.

Stock stays above the prior close

Northam Platinum stock was trading at EUR 13.40 at Lang & Schwarz on October 15, 2026, at 12:31 p.m. CEST, up 1.52 percent versus the Xetra close of October 14, 2026 at EUR 13.20.

The further course of trading is shown by the continuously updated real-time quote of Northam Platinum stock.