Q1 Down for Eastern Platinum
Eastern Platinum Ltd (ELR.TO) has reported a 74 percent fall in Platinum (Pt) production in the first quarter of 2010. This quarter’s equity shares were only $824,000 compared to the $3.2 million of 2011.
Chief Executive Ian Rozier is quoted as saying:
“The slow start to 2010 affected all aspects of our operations. However, our mining rates have since picked up to normal levels and this together with PGM prices trending higher, should put us on track for a more profitable second quarter.”
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Thu, May 13, 2010
Post by Mike Rodger, Platinum Reporter