Platmin declares commercial production

Palladium Investing

Platmin Limited (TSE:PPN,AIM:PPN,JSE:PLN) reports production results from its Pilanesberg Platinum Mine and financial results for the quarter ended March 31.

Platmin Limited (TSX:PPN,AIM:PPN,JSE:PLN) reports production results from its Pilanesberg Platinum Mine and financial results for the quarter ended March 31.

The press release is quoted as saying,

Production of 19,148 4E ounces (4E ounces in this release refers to platinum, palladium, rhodium and gold) for the quarter ended March 31, 2011 was some 33% higher than Q1 FY2010 (14,393 4E ounces). CEO Tom Dale noted that although modest reef stockpiles had been generated during the quarter, various operating pressures had limited volumes through the concentrator.

For the complete press release, click here.

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