The Russian effect: First nickel, now palladium
First it was nickel prices and now it’s palladium. Another metal with a silver hue, albeit a more precious one, has been on a run with sanctions against Russia again being seen as the culprit.
Platinum Group Metals
Anglo American making progress but still work to be done
This time of the year is normally referred to as ‘earnings season,’ as miners release their operational and financial results from the year before. But given the collective shock the industry has experienced in the form of slumping…
Platinum Group unveils Waterberg PEA
VANCOUVER — Roughly three years ago junior Platinum Group Metals (TSX: PTM; NYSE-MKT: PLG) made its Waterberg discovery on the North Limb of South Africa’s prolific Bushveld complex, and the company has had the project on the fast…
Platinum Group Metals raises $175M
Shares of Platinum Group Metals (TSX: PTM; NYSE-MKT: PLG) got a boost on the final trading day of 2013 after the company announced that it had completed a $175-million equity raise at $1.18 per share.
[Update] Colossus proposes costly debt-equity deal to stay alive, then Arias cancels deal
VANCOUVER – Colossus Minerals (TSX: CSI) has spent the last six-plus years bringing the historic Serra Pelada gold-platinum-palladium project in Brazil to the brink of production. It has worked alongside a consortium representing tens of…
Colossus ceases underground development at Serra Pelada
VANCOUVER — Precious metals outfit Colossus Minerals (TSX: CSI; US-OTC: COLUF) faces increasing market scrutiny as it has once again delayed a first production target at its 75%-owned Serra Pelada…
Prophecy Platinum reports a half-mile of mineralization
Picture seven football fields in a row of continuous mineralization, and that’s the width of platinum group metal (PGM) mineralization intercepted in a single drill hole at Prophecy Platinum’s (TSXV: NKL; US-OTC: PNIKF) Wellgreen…
Platinum, palladium markets to remain in deficit: Johnson Matthey
The markets for platinum and palladium will likely be in a deficit in 2014, according to a report by London-based Johnson Matthey.
‘Unprecedented’ hit at Flatreef PGM deposit
A 90-metre intersection of 4.51 grams per tonne of platinum, palladium, rhodium and gold — plus 0.37% nickel and 0.20% copper — at Ivanhoe Mines’ (TSX: IVN; US-OTC: IVPAF) Flatreef deposit in South Africa has reignited talk of…
Platinum Group Metals faces cash shortfall at WBJV1 project
Platinum Group Metals (TSX: PTM; NYSE-MKT: PLG) suffered a major blow late last week when Africa Wide Mineral Prospecting and Exploration announced that it would not be funding a US$21.8 million cash call for its 26% share of the WBJV1 platinum…
Platinum Group Metals hits milestone
After discovering the Waterberg deposit in South Africa in 2011, Platinum Group Metals (TSX: PTM; NYSE-MKT: PLG) has expanded the project’s inferred resource three times in just one year: from 6.2 million oz. platinum, palladium and gold…
North American Palladium sees exploration upside at Lac des Iles
VANCOUVER — The drills are turning at North American Palladium’s (TSX: PDL, NYSE-MKT: PAL) flagship Lac des Iles (LDI) mine, 85 km northwest of Thunder Bay, Ont., and the company remains bullish on the asset’s exploration…