Canada's Eastern Platinum posts smaller Q3 loss as platinum group metal sales rise
Overview
Eastern Platinum Q3 2025 revenue rises 24.5% yr/yr due to increased platinum group metal (PGM) sales
Net loss attributable to equity shareholders reduced in Q3 2025
Company focuses on PGM and chrome production at Crocodile River Mine
Outlook
Company expects majority of future revenue from PGM processing
Eastern Platinum focuses on increasing underground production feed
Company ceased retreatment project to focus on underground operations
Result Drivers
PGM SALES - Increased PGM sales significantly boosted Q3 2025 revenue, reducing net loss
UNDERGROUND OPERATIONS - Shift to underground operations at Crocodile River Mine led to decreased YTD 2025 revenue
CREDIT FACILITY - Expanded credit facility used for working capital amid increased working capital deficit
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| $13.70 mln |
|
Q3 Net Income |
| -$2.20 mln |
|
Q3 Gross Margin |
| -1.80% |
|
Q3 Mine Operating Income |
| -$200,000 |
|
Press Release: ID:nCNW7TvJca
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