By Melissa Shaw
The gap between palladium and platinum prices stands at about $100; that’s compared to an average of just over $1,000 between 2007 and 2012.
In its latest forecast the organization calls for a platinum deficit of 120,000 ounces in 2017.
These are 2016’s top platinum- and palladium-producing countries, as per new data from the US Geological Survey.
Platinum Group Metals Ltd. (TSX:PTM,NYSEMKT:PLG) is pleased to provide the following update on progress at its South African operations.
Primary development at the Maseve Mine accessed mining Block 11 in mid-August. Block 11 hosts some of the best grade thickness ore at the Maseve Mine and is an important part
Anglo American Platinum has stopped production at its Waterval smelter in South Africa after a leak was detected on Saturday.
According to the press release:
All emergency procedures, including actions to safeguard all site personnel, were successfully implemented and no one was injured.
A preliminary assessment of the damage to the furnace has
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 17, 2016) – Eastern Platinum Limited (TSX:ELR)(JSE:EPS) (“Eastplats” or the “Company”) is pleased to provide an update on its second quarter of 2016 results, as follows:
Eastplats reported a net loss of $25.5 million ($0.24 per share) for the second quarter, after taking a $23.3 million
LITTLETON, Colo., July 29, 2016 (GLOBE NEWSWIRE) — Stillwater Mining Company (NYSE:SWC) today reported financial results for the quarter ended June 30, 2016.
Second Quarter 2016 Highlights:
Notable safety performance improvement, with a reportable incidence rate decrease of 61.4% compared to the second quarter of 2015, resulting in the lowest quarterly rate
By Jocelyn Aspa
Like other metals, platinum’s start to the year was a little grim, entering 2016 at $890 an ounce. However, it’s picked up significantly since then, increasing $226.00 overall to $1,082 as of July 6 at 3:09 p.m. EST.
By Jocelyn Aspa
Stillwater Mining (NYSE:SWC) has reported its financial results for the quarter ending March 31, 2016.
As quoted in the press release:
First Quarter 2016 Highlights:
All-in sustaining costs (AISC)* of $613 per mined ounce of palladium and platinum, down 19.7% from $763 per mined ounce for the first quarter of 2015
Cash and cash
Here’s a look at platinum stocks outside of South Africa. We’ve also included a few platinum stocks within the country, but beyond some of the larger South African producers.
The deal will see Lonmin spend as much as $11 million to earn up to a 50-percent interest in Wallbridge Mining’s Parkin properties in Sudbury, Ontario.
Sylvania Platinum (LSE:SLP) reported a net profit for the financial year ended June 30 on the back of record platinum production, according to the Wall Street Journal. The company has managed to offset falling PGM prices with rising production.