Everest Platinum Mine Under Review After Strike and Stoppage

Bloomberg reported Aquarius Platinum Ltd. (ASX:AQP,LSE:AQP) is reviewing the Everest platinum mine after a two-week strike, safety stoppage and low prices have made the mine impractical.

As quoted in the market news:

Aquarius reported a 17 percent retreat in platinum group metals output to 105,629 ounces for the quarter ended Dec. 31 from a year earlier, including a 26 percent drop at Everest to 18,712 ounces. The company’s shares extended yesterday’s 6.7 percent decline, falling 4.9 percent to 171 pence at the close of trade in London.

Click here to read the full Bloomberg report.