Eastern Platinum Limited reported a challenging second quarter of 2026, characterized by a 25.8% decrease in revenue and a shift to a mine operating loss of $4.2 million. While PGM 6E grades showed improvement, lower-than-targeted ROM processing tonnages at the Crocodile River Mine drove the decline in results.
Eastern Platinum Limited reported a significant turnaround in quarterly mine operating income for Q4 2025, driven by increased PGM sales and production at the Crocodile River Mine. However, the full year 2025 saw an increased net loss primarily due to an impairment expense at the Mareesburg project, alongside a widening working capital deficit.
Ivanhoe Mines reports that the Platreef Mine is advancing through its Phase 1 ramp-up, with the first concentrate sale completed in late Q4 2025. The company has signed underwriting engagements for a $700 million project finance facility to support the Phase 2 expansion, which targets increased production of platinum-group metals and base metals.
Eastern Platinum Limited reported Q2 2025 results showing a significant increase in PGM production (6,781 oz in Q2) and 6E grades (151 g/t) compared to the previous year. However, the company experienced a 43.1% decrease in revenue and reported a mine operating loss for the year-to-date period. Additionally, the company successfully increased its Investec credit facility to R240 million to support the Zandfontein underground restart.
Platinum Group Metals Ltd. reported its 2024 annual results, highlighted by a Definitive Feasibility Study (DFS) update for the Waterberg Project. The update shows a 20% increase in mineral reserves to 23.41 million 4E oz and an extension of the mine life to 54 years. Despite these technical milestones, the company reported a net loss for the year and noted a going concern emphasis of matter in its audited financial statements.
Platinum Group Metals Ltd. has filed its independent Definitive Feasibility Study (DFS) technical report for the Waterberg Project in South Africa. The report, prepared by Stantec and other specialists, complies with NI 43-101 and S-K 1300 standards and includes an updated mineral resource estimate effective August 31, 2024.
Platinum Group Metals Ltd. announced positive results from an updated Definitive Feasibility Study for its Waterberg Mine, highlighting a 20% increase in Proven and Probable mineral reserves to 23.41 million 4E oz and an extended life of mine to 54 years. The study projects robust after-tax economics with an NPV of US$569 million (8% discount rate) and an IRR of 14.2%, positioning Waterberg as one of the lowest-cost PGM mines. Key improvements include increased resource confidence, enhanced orebody continuity, and a reduction in estimated total project capital to US$946 million.
Glacier Lake Resources Inc. has entered into a definitive agreement to acquire a controlling interest in the Kalahari Platinum Project in South Africa. The transaction is subject to a Cdn$15 million concurrent financing and regulatory approvals, and includes reference to a 2014 historical resource estimate.
