"The sale of Northam's investment in Royal Bafokeng Platinum Limited subsequent to June 30, 2023, has presented an opportunity for Northam to significantly strengthen the group's balance sheet and liquidity position, which in turn has enabled the group to declare its first dividend in over ten years. This dividend constitutes a maiden dividend for Northam Holdings," the group said. Northam was in the running to own RBPlat which was subsequently bought by Implats. Northam sold its shares to Impala Platinum (Implats). Northam CEO Paul Dunne said: "Accepting the Implats Mandatory offer was considered to be a prudent response to a potentially protracted downturn in PGM fundamentals."