Canada's Eastern Platinum posts smaller Q3 loss as platinum group metal sales rise

Eastern Platinum

14/11/2025 12:54

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)