The Conversation (0)
- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Top Stocks
Top Resource Stocks
Top Tech Stocks
Top Life Science Stocks
Trending
Trending Articles
Trending Press Releases
Trending Companies
Trending Reports
Resource
Popular Lists
Investing Ideas
Outlook Reports
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
Investing Guides
Tech
Popular Lists
- 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
Investing Ideas
Outlook Reports
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
Investing Guides
Life Science
Popular Lists
- 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
Outlook Reports
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Investing Guides
Platinum Group Metals Reports First-quarter Results
Jan. 15, 2015 04:14AM PST
Resource Investing News Platinum Group Metals Ltd. (NYSEMKT:PLG) announced the financial results for the first quarter ended November 30, 2014 along with an outlook for 2015.
Platinum Group Metals Ltd. (NYSEMKT:PLG) announced its financial results for the quarter ended November 30, 2014, along with an outlook for 2015.
Highlights include:
- At November 30, 2014 the Company’s cash position was $65 million. The Company’s current cash position is approximately $167 million, with the increase being due to the net proceeds of the Company’s offering of common shares that closed on December 31, 2014.
- The management team who will take Project 1 and the Company into production in 2015 has been expanded. Key operational leadership roles have been filled in recent months, including mine general manager, production manager, equipment specialist, engineering specialist, safety and environment manager and a training superintendent.
- The Company achieved solid performance in 2014, with a good safety record, as Project 1 reached 70% completion. Project 1 is planned to be in production in calendar Q4 2015. After a planned two year ramp up period, steady state production is scheduled at 275,000 ounces platinum, palladium, rhodium and gold (‘4E’). The Company’s current cash position is projected to be sufficient to complete the mine build to initial production.
Click here for the Platinum Group Metals Ltd. (NYSEMKT:PLG) press release
Latest News
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.