- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Eastern Platinum Loses $89 Million in Second Quarter
Mining Weekly reported Eastern Platinum (TSX:ELR,LSE:ELR) said an impairment charge of $88-million resulted in a loss of $89-million for the second quarter.
Mining Weekly reported Eastern Platinum (TSX:ELR,LSE:ELR) said an impairment charge of $88-million resulted in a loss of $89-million for the second quarter.
As quoted in the market news:
This pushed the group’s net loss for the six months ended June to a total of a $102-million, compared with a loss of $18-million in the comparative six-month period last year.
The South Africa-focused platinum junior reported increase of 29% quarter-on-quarter increase in platinum-group metals (PGM) ounces sales during the second quarter reaching 26 412 oz, compared with 20 528 oz recorded in the second quarter of 2011. This was also up from the first quarter sales of 24 474 oz.
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.