Atlatsa Announces Operating And Financial Results

Atlatsa Resources Corporation (TSXV:ATL,NYSE:ATL,JSE:ATL) announced operating and financial results for the quarter ended March 31, 2012.

As quoted in the press release:

Despite the anticipated first quarter challenges associated with a slow start-up after the year-end break, the quarter’s operating and financial performance was further affected by a regrettable mine fatality and a number of Section 54 safety stoppages, resulting in six operating shifts lost during the period.

Notwithstanding the abovementioned challenges the first quarter’s operating performance at Bokoni was better than the first quarter of 2011, with tonnes milled improving by 10%, whilst platinum group metal (“PGM*) ounces produced improved by 24% year-on-year. Development at the operations continues to improve, in an effort to sustain much-needed mining flexibility at Bokoni.

Click here to read the Atlatsa Resources Corporation (TSXV:ATL) press release.