|Bid||0.040 x 0|
|Ask||0.045 x 0|
|Day's Range||0.045 - 0.045|
|52 Week Range||0.045 - 0.110|
|PE Ratio (TTM)||-0.35|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Toronto-based Atlatsa Resources has agreed with joint venture partner Anglo American Platinum (Amplats) to place its Bokoni mine in South Africa on care and maintenance as part of a restructuring plan. The platinum sector has been under huge pressure, hit by falling product prices, rising costs and labour disputes that have affected much of a South African mining industry that contributes about 7 percent to the nation's economy. Job cuts are a thorny issue in South Africa, where the unemployment rate is at a 14-year high.
The Vancouver, British Columbia-based company said it had a loss of 3 cents per share. The platinum metals producer posted revenue of $28.1 million in the period. For the year, the company reported that ...
South Africa's Anglo American Platinum Ltd (Amplats) on Monday flagged a sharp fall in full-year earnings due to impairments, write-downs and restructuring costs in bid to survive plunging in commodity prices. Headline earnings per share, the main gauge of profit that strips off certain one-off items, is expected to be down to between 25 cents and 55 cents compared with earnings of 301 cents a year earlier. Amplats, a division of Anglo American Plc, is undergoing tough cost cutting to deal with plunging prices and low demand for its precious metals and the effects of a crippling five-month strike in 2014 at its biggest operation.