Eastplats Announces Results For First Quarter

Eastern Platinum Limited (TSX:ELR,LSE:ELR,JSE:EPS) reported financial results for the three months ended March 31, 2012.

As quoted in the press release:

Summary:

• Eastplats recorded a loss attributable to equity shareholders of the Company of $8,908,000 ($0.01 loss per share) in the quarter ended March 31, 2012 (“Q1 2012″) compared to a loss of $5,633,000 ($0.01 loss per share) in the quarter ended March 31, 2011 (“Q1 2011″).
• EBITDA decreased to negative $2,414,000 in Q1 2012 compared to $6,412,000 in Q1 2011.
• PGM ounces sold decreased 4% to 24,474 ounces in Q1 2012 compared to 25,387 PGM ounces in Q1 2011.

Click here to read the Eastern Platinum Limited (TSX:ELR) press release.