Nearby Location News
Despite reaching production vein, PTM lowers guidance again as stoping delays weigh 2016-09-19South Africa-focused miner Platinum Group Metals (PTM) has again lowered its production guidance for the first year of operations at its Maseve mine, in South Africa, citing a delay in ramping up stoping tonnes. Despite monthly output at Maseve increasing to 1 893 oz of platinum, palladium, rhodium and gold (4E) and associated copper and nickel in concentrate, the Vancouver-based company advised that it has amended lower its guidance for concentrate production, on a 100% project basis from April 2016 to April 2017, from 110 000 oz 4E to 91 500 oz 4E.
PTM completes Maseve plant commissioning, lowers guidance 2016-05-05On the heels of completing commissioning of its Maseve mine plant on March 31, South Africa-focused precious-metals producer Platinum Group Metals (PTM) has produced about 1 700 ‘4E ounces’ containing platinum, palladium, rhodium and gold in April alone. The Vancouver-incorporated company advised Thursday that during February, March and April, a majority of milled tonnes were sourced from lower-grade development muck mined from primary development along the rich Merensky Reef of the country’s fabled Bushveld Igneous Complex.
Platinum Group Metals Reports Completed Hot Commissioning Test for the Maseve (WBJV Project 1) Platinum Mine 2016-02-09
VANCOUVER, BRITISH COLUMBIA and JOHANNESBURG, SOUTH AFRICA--(Marketwired - Feb. 9, 2016) - Platinum Group Metals Ltd. (TSX:PTM)(NYSE MKT:PLG) ("Platinum Group" or the "Company") reports the Maseve (formerly WBJV Project 1) Platinum Mine has successfully completed its 72 hour run test during Hot Commissioning of its concentrator facility. The mine has produced its first concentrate for delivery to the Anglo Platinum Waterval smelter 40 kms to the south of the mine.
PTM targets first concentrate production at Project 1 mine in January 2016-01-15Dual-listed Platinum Group Metals (PTM) expects the first concentrate production at its Western Bushveld Joint Venture Project 1 platinum mine to start late in January, with first concentrate deliveries to Anglo American Platinum scheduled for February. Hot commissioning of the Project 1 plant was under way, while underground development was ongoing.
PTM to start WBJV Project 1 hot commissioning after closing $80m financing 2015-11-20Project developer Platinum Group Metals (PTM) will start with hot commissioning of the Waterberg Joint Venture (WBJV) Project 1 plant, located near Rustenburg, South Africa, after closing and drawing down $80-million in separate financings on Friday. "We are very pleased to complete this transaction with the clear support and vision of our major shareholders. We look forward to the ramp up of our first mine with an eye on continued solid demand for platinum and palladium and improved markets in the near and medium term,” PTM co-founder and CEO Michael Jones stated.
General 2015-05-10Production operations were fully reactivated in March 2011, following a 20-month period of minimal output from June 2009, but another output cessation was announced on 12 October 2012, with such action being attributed to "further weakness in the fluorspar market."