eastern platinum limited to restart operations under essential services order issued by the government of south africa april 8, 2020 - 9:54 pm; eastern platinum limited provides an update on south african operations and a corporate update april 4, 2020 - 10:22 pm Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to beAll forward-looking statements in this press release are expressly qualified in their entirety by this cautionary statement, the “Cautionary Statement on Forward-Looking Information” section contained in the Company’s most recent Management’s Discussion and Analysis available under the Company’s profile on www.sedar.com. The Company will update its forecast for the year following the temporary lockdown inSouth Africa and the completion of the Optimization Project.The Company’s targets for 2020, subject to capital availability include:Care and maintenance with respect to the underground portion of the CRM will continue while the Company assesses the underground resource.
VANCOUVER, March 27, 2020 /CNW/ - Eastern Platinum Limited (" Eastplats " or the " Company ") is pleased to report that it has filed its Audited … Eastplats is based in Vancouver, Canada and listed on the Toronto Stock Exchange (TSX:ELR) and the Johannesburg Stock Exchange (JSE:EPS).
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.Eastern Platinum Limited Announces an Agreement to Complete a Feasibility Study and Source Funding for the Recovery of PGMs ThrEastern Platinum Limited announces closing of the settlement with AlphaGlobal and issuance of common shares and warrantsEastern Platinum Limited Announces Settlement with AlphaglobalEastern Platinum Limited Temporarily Ceases Chrome Concentrate Production in South Africa Due to Coronavirus and Additional TesEastern Platinum Limited Provides an Update on South African Operations and a Corporate UpdateEastern Platinum Limited to Restart Operations Under Essential Services Order Issued by the Government of South AfricaEastern Platinum Limited Reports Annual Results for 2019 and Provides a Corporate UpdateEastern Platinum Limited's Operations in South Africa to Temporarily Close Effective March 27, 2020 to Comply with the South AfSuite 501 eastern platinum limited reports annual results for 2019 and provides a corporate update. In 2020, the Company approved an optimization project designed to enhance Chrome production for the Retreatment Project and also commissioned a PGM scavenger plant utilizing as it input feed, a portion of the disposition material from the Chrome operation. The financing of these costs has been agreed to in principal with Union Goal on similar loan terms to those contained in the Framework Agreement. March 27, 2020 Trading Symbol: ELR (TSX); EPS (JSE) NEWS RELEASE EASTERN… March 27, 2020 / by Dyna_Admin. EASTERN PLATINUM LIMITED REPORTS ANNUAL RESULTS FOR 2019 AND PROVIDES A CORPORATE UPDATE
The lockdown began at midnight on March 26 in South Africa and is scheduled to end at midnight on April 16, 2020. Eastern Platinum Limited Reports Annual Results for 2019 and Provides a Corporate Update. These forward-looking statements are based on assumptions made by and information currently available to the Company. March 27, 2019, Vancouver, British Columbia – Eastern Platinum Limited (“Eastplats” or the “Company”) is pleased to report that it has filed its Audited Consolidated Financial Statements for the years ending December 31, 2018 and 2017 and the corresponding, Management’s Discussion and Analysis and Annual Information Form.
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EASTERN PLATINUM LIMITED REPORTS ANNUAL RESULTS FOR 2019 AND PROVIDES A CORPORATE UPDATE. As a result, the Company has temporarily closed all operations in South Africa including re-mining operations at CRM, except for some critical underground care and maintenance activities where the Company obtained an exception.The effects of the Coronavirus are changing rapidly and with the temporary shutdown of the CRM, the Company cannot reasonably estimate at this time the outcome of this lockdown but it could have material adverse effects on the Company’s business, liquidity, cashflows, and the Company’s 2020 outlook and its ability to attain targets.The Company has filed the following documents, under the Company’s profile on SEDAR at This press release contains “forward-looking statements” or “forward-looking information” (collectively referred to herein as “In particular, this press release contains forward-looking statements pertaining to the potential outcome of litigation matters.
March 27, 2020, Vancouver, British Columbia – Eastern Platinum Limited (“• Revenue for the year ended December 31, 2019 was $39.2 million compared to $0.4 million in the prior year due to a full year of operating results from the Retreatment Project (as defined below); • Net income to equity shareholders of $0.1 million (earnings of $0.00 per share) for the year ended December 31, 2019 versus a loss of $21.8 million (loss of $0.24 per share) the prior year; and • Positive working capital (excluding non-cash deferred revenue) of $9.7 million as at December 31, 2019.As previously disclosed, on March 1, 2018, the Company entered into an agreement (the “The Retreatment Project produces revenue based on tons of material made available for processing by re-mining the tailings, recovery of certain operational costs and allocation of the upfront cash payment from Union Goal for the offtake of chrome concentrate.The Company and Union Goal are currently negotiating and working to finalize and update the Framework Agreement in several areas after one year of operations.
eastern platinum limited’s operations in south africa to temporarily close effective march 27, 2020 to comply with the south african 21 day lockdown due to coronavirus. Care and maintenance will also continue for the Company’s Eastern Limb Projects for 2020.