Eastern Platinum Limited Reports Q3 2017 Results

- November 10th, 2017

Eastern Platinum (“Eastplats” or the “Company”) is pleased to report it has filed its Q3 2017 unaudited condensed interim consolidated financial statements and management discussion and analysis for the three and nine-month period ended September 30, 2017. Below is a summary of our financial results for the period (all amounts in USD). Highlights Net loss for … Continued

Eastern Platinum (“Eastplats” or the “Company”) is pleased to report it has filed its Q3 2017 unaudited condensed interim consolidated financial statements and management discussion and analysis for the three and nine-month period ended September 30, 2017. Below is a summary of our financial results for the period (all amounts in USD).
Highlights

  • Net loss for the nine months ended September 30, 2017$6.8 million (loss of $0.06 per share) compared with a net loss of $34.5 million (loss of $0.33 per share) for the same period in 2016;
  • Cash and short-term investments of $23.0 million and working capital of $24.5 million at September 30, 2017;
  • Net operating cash flows used during the nine months ended September 30, 2017$5.7 million; and
  • Development work expended during the nine months ended September 30, 2017 was $1.2 million.

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