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Platinum Group Metals Ltd (TSX:PTM, NYSE MKT:PLG) has released its financial and operating results for the 2nd quarter ending February 28, 2013. The report shows the company’s cash as of the said date at $186.82 million, and it obtained credit approval for a $260million loan facility on December 6, as well as closed a $180 million financing on January 4.
Platinum Group Metals Ltd (TSX:PTM, NYSE MKT:PLG) has released its financial and operating results for the 2nd quarter ending February 28, 2013. The report shows the company’s cash as of the said date at $186.82 million, and it obtained credit approval for a $260million loan facility on December 6, as well as closed a $180 million financing on January 4.
As quoted in the press release:
In January 2013, Platinum Group expanded its construction efforts on its 74% owned WBJV Project 1 Platinum Mine in South Africa from the Phase 1 development of twin underground declines to surface infrastructure construction for a mill and a second set of twin underground declines. The Company also increased its drilling program on the Waterberg Platinum project with 15 drill rigs. These programs continue at this time.
Click here to read the full Platinum Group Metals Ltd (TSX:PTM, NYSE MKT:PLG) press release.
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