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Eastplats Reports a Loss as Shares Lose More Ground
Aug. 15, 2011 08:46PM PST
Precious Metals InvestingMining Weekly reports shares in miner Eastern Platinum (TSE:ELR) fell to a new low after the company reported a $7.9-million loss.
Mining Weekly reports shares in miner Eastern Platinum (TSX:ELR) fell to a new low after the company reported a $7.9-million loss.
The market news is quoted as saying,
The loss was mainly owing to a one-third drop in ounces sold to 20 528 oz, which was exacerbated by a 1% slide in the rand basket price the company received for its production from the Crocodile River mine in South Africa.