Sylvania’s September quarter PGM output up 36%

South Africa-focused Sylvania Resources on Wednesday reported that platinum group metal (PGM) production for the quarter ended September had increased by 36% compared with the previous quarter. Sylvania said in a statement that it produced 5 558 oz of PGMs, compared with the 4 074 oz produced in the June quarter. The increase in production [...]

Aquarius posts $9,5m profit, output drops sharply

Midtier platinum-miner Aquarius Platinum posted a net profit in the September quarter, despite production falling by almost 25% as a result of industrial action and mine closures. The company, which owns mines in South Africa and Zimbabwe, boosted first-quarter profit to $9,5-million, from a loss of $21,5-million a year earlier, when sales adjustments caused by [...]

Australia’s Platina explores for gold, platinum in Greenland

ASX-listed precious metals explorer Platina Resources has completed a positive independent scoping study review of its Skaergaard gold and platinum group metals (PGMs) project, in Greenland. The completion of the study has paved the way for the next stage of evaluation and development of the multi-million ounce resource to proceed, the company said in a [...]

African Rainbow plans regional expansion

Diversified South African miner African Rainbow Minerals (ARM) plans to invest in coal and platinum group metals (PGM) projects in Zimbabwe, a company official told Reuters. "We are looking for PGMs and we are looking for coal. We are in discussion with a number of people in Zimbabwe to see whether there is something we [...]

Gold, silver, pgms all weaker as global stocks continue firmer

As stocks continue on an upward path, the appeal of precious metals as a safe haven becomes less attractive. Read more….