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.
Platinum Group Metals
[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…
Investors can take advantage of QE-related price distortions, says Sprott’s David Franklin
In a presentation at the Toronto Resource Investment Conference Sept. 12, David Franklin of Sprott Asset Management said that after a tough first half of the year “we have turned the corner” and that investors can take advantage of…
North American Nickel sees good signs at Maniitsoq
VANCOUVER — The 4,800 sq. km Maniitsoq nickel-sulphide project in southwest Greenland may seem like a large-scale play for a junior, but that ambition may pay off for Vancouver-based North American Nickel (TSXV: NAN; US-OTC: WSCRF).
Colossus falls on delay at Serra Pelada
Colossus Minerals’ (TSX: CSI; US-OTC: COLUF) shares fell hard after the company announced that it needs more dewatering capacity at its Serra Pelada polymetallic development project in Brazil.