Mining News

Eastplats lifts second-quarter revenue on increased re-mining and tailings processing

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JSE-listed platinum group metals (PGMs) and chrome miner Eastern Platinum (Eastplats) reports that its second-quarter revenue increased by 115% year-on-year to about $20-million; while its revenue for the first half of the year increased by 56% to $36.7-million for the half-year ended June 30.

The miner’s income from mining operations increased by a gross margin of 17% year-on-year to $3.3-million in the second quarter; while income for the half-year increased by a gross margin of 13% year-on-year to $4.8-million.

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