Chief executive Nico Muller told journalists that the group would be in a position to return to a sustained dividend.
The group has not declared a dividend since 2015.
“We believe that we need to get through the risk period of restructuring, and the wage talks. We see the bulk of the risk playing itself out in the next 12 months," Muller said.
A robust rand Platinum Group Metals (PGM) price environment and significant operational improvements have seen the group’s net cash position hitting R1.1bn and liquidity headroom improving to R12.2bn.