Key facts
| Company | Eastplats (TSX: ELR) |
|---|---|
| Location | South Africa |
| Stage | Early exploration |
News releases31 on file
Eastern Platinum Limited reports results for the second quarter of 2026
Revenue for Q2 2026 fell 25.8% to $7.9 million from $10.7 million, with a net loss attributable to shareholders of $6.1 million ($0.03 per share) versus $1.8 million ($0.01) a year earlier; YTD 2026 revenue was $21.7 million and net loss $10.2 million. PGM production at the Crocodile River Mine in South Africa was 4,356 ounces (6E) in Q2 2026 from 51,160 tons of ROM feed. Working capital deficit w
CorporateEastern Platinum Limited secures additional credit facility
A new credit facility of up to C$2,000,000 has been secured with Ka An Development Co. Limited, bringing total available credit across three facilities to up to C$4,000,000. Advances bear annual interest of 10.25% and mature six months from issuance, with 15.375% on overdue amounts; proceeds will fund working capital for the underground production ramp-up at the Crocodile River Mine in South Afric
FinancingEastern Platinum Limited reports results for the first quarter of 2026
Revenue for the first quarter of 2026 fell 6.8% to $13.8 million from $14.8 million a year earlier, while mine operating income improved by $5.4 million to $0.7 million and net loss attributable to shareholders narrowed to $4.1 million ($0.02 per share) from $6.9 million ($0.03). At March 31, 2026 Eastern Platinum had a working capital deficit of $58.4 million and cash of $73,000. Crocodile River
CorporateEastern Platinum Limited secures credit facility
A credit facility of up to C$1,000,000 has been secured from Ka An Development Co. Limited, in addition to a facility announced November 18, 2025, bringing total available credit to up to C$2,000,000. Advances bear interest at 10.25% annually and mature six months from issuance unless renewed at the lender's discretion. Proceeds will serve as working capital for the ramp-up of underground producti
FinancingEastern Platinum Limited secures credit facility
A credit facility of up to C$1,000,000 has been secured with Ka An Development Co. Limited, with proceeds to be used as working capital for the ramp-up of underground production tonnages at the Crocodile River Mine in South Africa. Advances bear annual interest of 10.5% and mature six months from issuance unless renewed or extended at the Lender's discretion. The facility is subject to Toronto Sto
FinancingEastern Platinum Limited reports results for the third quarter of 2025
Q3 2025 revenue rose 24.5% to $13.7 million from $11.0 million, with a net loss attributable to shareholders of $2.2 million ($0.01 per share) versus $3.4 million a year earlier; YTD 2025 revenue fell 13.6% to $39.3 million and the net loss widened to $10.9 million ($0.05 per share). PGM production at the Crocodile River Mine in South Africa was 6,183 6E ounces in Q3 2025 (Q3 2024 – 1,488). Workin
CorporateEastern Platinum Limited reports results for the second quarter of 2025 and increase of credit facility with Investec
Q2 2025 revenue fell 43.1% to $10.7 million from $18.8 million, with a net loss attributable to equity shareholders of $1.8 million ($0.01 per share) versus net income of $3.5 million a year earlier; the working capital deficit was $51.1 million at June 30, 2025. Eastern Platinum also amended its Investec revolving commodity finance facility, increasing the maximum size to R240 million ($13.5 mill
CorporateEastern Platinum Limited reports results for the first quarter of 2025
First quarter 2025 revenue fell 5.7% to $14.8 million from $15.7 million, with a mine operating loss of $4.7 million versus operating income of $5.3 million a year earlier, and a net loss attributable to shareholders of $6.9 million ($0.03 per share) driven by the restart of underground operations at the Crocodile River Mine in South Africa. Working capital deficit was $47.4 million at March 31, 2
CorporateEastern Platinum Limited reports Annual Results for 2024 and provides its targets for 2025
FY2024 revenue fell 41.5% to $62.5 million from $106.9 million in FY2023, with a net loss attributable to shareholders of $12.8 million ($0.06 per share) versus net income of $13.8 million ($0.08 per share); Q4 2024 revenue was $17.0 million and the net loss was $11.9 million. At December 31, 2024 Eastern Platinum had a working capital deficit of $38.7 million and short-term cash resources of $3.1
CorporateEastern Platinum Limited reports results for the third quarter of 2024
Q3 2024 revenue fell 49.5% to $11.0 million from $21.8 million, with a mine operating loss of $1.0 million versus income of $7.0 million, and a net loss attributable to shareholders of $3.4 million ($0.02 per share). YTD 2024 revenue was $45.5 million and the net loss was $0.8 million; working capital deficit was $26.6 million and short-term cash resources $8.5 million at September 30, 2024. At Cr
CorporateEastern Platinum announces commissioning of PGM processing facility at Crocodile River Mine, South Africa
Commissioning of the Circuit B PGM processing plant at the Crocodile River Mine in South Africa's Bushveld Complex is ongoing, with the plant now processing run-of-mine UG2 ore from the Zandfontein underground operations. A total of 75,000 tons of ROM ore was blasted to October 1, 2024, and about 22,000 tons processed in September, yielding concentrate containing roughly 1,300 ounces of PGM 6E met
CorporateEastern Platinum Limited reports results for the second quarter of 2024
Q2 2024 revenue fell 48.6% to $18.8 million from $36.6 million, with mine operating income down 66.9% to $4.4 million and net income attributable to shareholders of $3.5 million ($0.02 per share) versus $7.7 million ($0.04). Chrome concentrate output was 72,305 tons at an average grade of 38.4%, and PGM production was 1,060 6E ounces; the Company had a $17.0 million working capital deficit at June
CorporateEastern Platinum Limited Reports Record Annual Full Year Revenue for 2023, Announces Restatement of Comparatives, and Provides Its Targets for 2024
FY2023 revenue rose 98.3% to a record $106.9 million from a restated $53.9 million, with mine operating income of $31.6 million and net income attributable to shareholders of $13.8 million ($0.08 per share) versus a restated loss of $0.9 million. Q4 2023 revenue was $30.5 million. The company restated 2022 comparatives after a chrome concentrate sale understated 2022 revenue by $4.0 million; prior
CorporateEastern Platinum announces initial phase of Zandfontein underground is fully operational
The initial "soft start" phase of the Zandfontein underground operations at the Crocodile River Mine in the Bushveld Complex, South Africa, is now fully operational. Run-of-mine material will be brought to surface, with the first batch of ROM processing to begin in Q2 2024. Eastplats plans to reach a mining run rate of 40,000 tons per month by the end of 2024 and to process up to 235,000 tons of u
CorporateEastern Platinum Limited announces correction to CEO letter to shareholders dated January 23, 2024
A correction was issued to the January 23, 2024 CEO letter to shareholders: the planned 2024 ramp-up of the Zandfontein underground operations is to process up to 235,000 tons of underground run-of-mine production in total for the year, not per month as originally stated. Eastern Platinum's Crocodile River Mine operations in South Africa's Bushveld Complex currently include re-mining and processin
CorporateEastern Platinum Limited publishes CEO letter to shareholders
A CEO letter from Wanjin Yang reviews 2023 and outlines 2024 plans for the Crocodile River Mine in South Africa, stating the tailings storage facility retreatment project is expected to deliver record 2023 annual revenues of US$100 million and will operate into late 2024. The Zandfontein underground soft restart began in Q4 2023, targeting 40,000 tons of PGM ore monthly by end-2024, 70,000 tons by
CorporateEastern Platinum Limited reports results for the third quarter of 2023
Q3 2023 revenue rose 505.6% to $21.8 million from $3.6 million, with mine operating income of $7.0 million and net income attributable to shareholders of $3.1 million ($0.02 per share), versus a $6.6 million loss a year earlier; all Q3 revenue came from third-party chrome concentrate sales. Chrome concentrate output was 102,898 tons at 38.6% Cr, and PGM production was 1,171 6E ounces. Blasting has
CorporateEastern Platinum to host investor webinar
An investor webinar will be held on Wednesday, November 22, 2023 at 1:00 p.m. PT / 4:00 p.m. ET, hosted by CEO Wanjin Yang and CFO Wylie Hui. The presentation will cover a corporate and operational update, including development plans for the Zandfontein underground section at the Crocodile River Mine in South Africa, followed by a Q&A session. A recording will be posted on the Eastplats website on
CorporateEastern Platinum Limited reports results for the second quarter of 2023
Q2 2023 revenue rose 78.5% to $36.6 million from $20.5 million, with mine operating income up 216.7% to $13.3 million and net income attributable to shareholders of $7.7 million ($0.04 per share), driven by increased third-party chrome sales at the Crocodile River Mine in South Africa. Year-to-date revenue was $58.7 million and net income $9.0 million ($0.06 per share). The Company had a working c
CorporateEastplats’ South African Subsidiary receives a summons
South African subsidiary Barplats Mines Proprietary Limited has received a combined summons from ABT Toda Proprietary Limited, filed with the High Court of South Africa (North West Division, Mahikeng). The matter relates to Barplats' ongoing confidential arbitration with Advanced Beneficiation Technologies (Pty) Ltd over termination of the project framework agreement for the Circuit H Project, a m
CorporateEastern Platinum reports annual financial results for 2022 and provides its targets for 2023
FY2022 revenue fell 27.0% to $49.8 million from $68.2 million in FY2021, with mine operating income down $3.7 million to $5.9 million and net loss attributable to shareholders widening to -$2.6 million ($0.02 loss per share); Q4 2022 revenue was $8.3 million with a mine operating loss of -$3.5 million. Working capital deficit was $39.5 million at December 31, 2022. FY2022 chrome concentrate output
CorporateTerms extended for Crocodile River Platinum Group Metals Tailings Concentrate with Impala Platinum Limited
The Terms For Crocodile River Tailings Concentrate agreement between Impala Platinum Limited and Barplats Mine (Pty) Ltd, a wholly owned Eastplats subsidiary, signed September 29, 2020, has been extended with all terms and conditions unchanged up to and including December 21, 2023. The agreement covers delivery of PGM tailings concentrate to Impala. Eastplats is targeting a restart of the Zandfont
NewsPipeline finance facility agreement with Investec Bank limited updated and filed
The pipeline finance agreement between Investec Bank Limited and Barplats Mine (Pty) Ltd, a wholly owned Eastplats subsidiary, first announced September 22, 2022, has been updated, reducing the maximum credit facility from R150 million (C$11.3 million) to R110 million (C$8.3 million). The renewable 12-month revolving commodity facility is secured by PGM production from the Crocodile River Mine tai
FinancingFinance facility agreement with Investec Bank limited completed
A finance facility agreement has been signed with Investec Bank Limited, providing a renewable 12-month revolving commodity finance facility of up to R150 million (C$11.3 million), secured by PGM production from the tailings storage facility at the Crocodile River Mine near Brits, South Africa. The indicative rate is 3-month JIBAR plus 150 basis points, with guaranteed prices via a fixed-price swa
FinancingEastplats positions new mining method to reopen CRM before year-end
Following completion of a new long-term plan and mine redesign study, Eastplats expects to restart mining operations at its Crocodile River Mine (CRM) PGM and chrome operations in South Africa's North West province in the third or fourth quarter of this year. The JSE- and TSX-listed company is positioning a new mining method for the reopening.
CorporateEastern Platinum files Independent Competent Person’s Report on the Crocodile River Mine
An Independent Competent Person's Report on the Crocodile River Mine in South Africa's North West Province, dated January 1, 2022, has been uploaded to Eastern Platinum's website to comply with Johannesburg Stock Exchange Section 12 disclosure requirements for mineral companies. The report updates resources and reserves for the Zandfontein, Crocette and Kareespruit sections ahead of the restart of
NewsEastplats announces appointment of new Chief Executive Officer
Wanjin Yang has been appointed Chief Executive Officer of Eastern Platinum Limited, effective immediately, replacing Diana Hu, who has left the company. Yang is an exploration geologist with over 30 years' experience and was previously Project Geologist at Whitehorse Gold Corp. Andrea Zhang has transitioned to a Vice-President role after serving as Chief Operating Officer. Management is executing
ManagementUpdated technical report on the Crocodile River Mine
Study results