Aquarius posts $9,5m profit, output drops sharply
October 27, 2009 by goldguru · Leave a Comment
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 [...]
Platinum Group unveils updated feasibility study: output up, capex down
October 9, 2009 by goldguru · Leave a Comment
TSX- and Amex-listed Platinum Group Metals (PTM) has completed an independent update for its Western Bushveld Joint Venture Project 1 platinum mine, in South Africa, and now expects to produce 275 000 oz/y of platinum group metals and gold, compared with a previous forecast of 250 000 oz/y, the company announced on Thursday. Production of [...]
Australia’s Platina explores for gold, platinum in Greenland
October 7, 2009 by goldguru · Leave a Comment
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 [...]
Platina Resources to focus on high grade gold zone in giant Greenland platinum-palladium project
October 7, 2009 by goldguru · Leave a Comment
A positive independent scoping study on the Skaergaard platinum group metals-gold project in Greenland will now see a focus placed on a high-grade gold zone, as part of an ongoing pre-feasibility study. Read more….
African Rainbow plans regional expansion
September 23, 2009 by goldguru · Leave a Comment
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 [...]
Platinum Group Metals – Truly Precious
March 16, 2009 by goldguru · Leave a Comment
Max Meurling submits: When comparing gold to other metals that are considered precious, there does seem to be a pretty large discrepancy. Silver would be in a pretty fair relation to gold in terms of its price-’preciousness’ ratio (somewhat undervalued), but when you look at the PGMs (platinum group metals) the picture is different. In [...]
