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Everest Platinum Mine Under Review After Strike and Stoppage
Jan. 31, 2012 01:55PM PST
Precious Metals InvestingBloomberg 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.
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.