Merafe Resources Limited announced earnings guidance for the six months ended 30 June 2020. For the period, the company expects a basic loss per share of between 37.6 cents and 39.0 cents, compared to a basic earnings per share of 6.6 cents for the prior comparative period; and headline earnings per share of between 0.9 cents and 1.3 cents, compared to a headline earnings per share of 6.6 cents for the prior comparative period, which is a decrease of between 81% and 86%.