Platinum and nickel producer Braemore Resources Plc warned of a wider first-half loss stated that the recent settlement of a single old-order contract might have exposed it to market volatility around platinum group metals prices and unfavourable processing terms. For full story, click here
Anglo Platinum hiked 26 rand, or 5.2 percent, to 526 rand, bringing its gain in the last three days to 16 percent. For full story, click here
Platmin announces that following successful commissioning it has commenced treatment of ore in the UG2 section of the milling and flotation plant at Platmin’s Pilanesberg Project. For full story, click here
Zurich Cantonal Bank announced that holdings in its platinum exchange-traded fund (ETF) have risen by 22 per cent since February. For full story, click here
Platinum headed for their first weekly gain in a month as a weaker dollar rose investors’ demand for precious metals as a store of value. For full story, click here
Houston Lake Mining Inc., an advanced exploration company seeking platinum group and rare metal deposits in Ontario, announced assay results from a recently completed 14 hole, 2,062 metre drill program on the 100 percent owned Dogpaw Lake property. For full story, click here
Based on the aggregated intelligence of 130,000-plus investors participating in Motley fool caps, global mining giant Anglo American known for its well run platinum mining operations has earned a respected four star ranking. For full story, click here
Monday’s equity market rally switched precious metals to a negative track. As equities rose, the precious metals were less enticing to investors, and this was reflected in their value. Platinum for April delivery ended the session in New York down $14.20 to $1,049.40 per troy ounce.
Beartooth Platinum Corporation reported an update on its financial position and proposed business combination with Kria Resources. For company’s website, click here For full story, click here
Platinum was down into the first hour of the Comex session, then traded sideways for the rest of the day, ending at $1045/oz., down $11. For full story, click here
Get our independent commentary on platinum trends and companies delivered to your inbox.
