September 17, 2024

Magna Mining PEA update hikes return five-fold for Crean Hill nickel project

The PEA gives the underground mine a base case post-tax net present value (at an 8% discount) of C$194.1 million.

September 12, 2024

Sibanye to slash output to turn around US palladium mines

The miner recognized a $407 million impairment on the US operations due to a lower palladium price forecast.

September 12, 2024

South Africa’s platinum output back to pre-covid levels on job cuts

The World Platinum Investment Council says more than 10,000 jobs have been lost in 2024 amid falling PGM prices.

September 10, 2024

EV slump powers platinum supply deficit, investment council says

The price of platinum has fallen about 4% this year to about $950 per oz.

September 10, 2024

Hybrid cars throw lifeline to platinum metals

PGMs - principally platinum and palladium - face a long-term structural decline in demand as their main use has been to clean auto exhausts.

September 2, 2024

Sibanye flags loss after $420 million US asset writedown

The company said in the half year it saw a 30% decline in the average dollar price for its US metal.

August 30, 2024

Northam Platinum profit drops on weak prices as output rises

Northam said profit fell almost 30% in the last fiscal year.

August 26, 2024

Nornickel examining impact of latest US sanctions

The US imposed sanctions on several Nornickel subsidiaries as well as on the Bystrinsky copper and gold project.

August 23, 2024

Nornickel’s first-half profit slumps 22% on weak prices

The Russian miner also grappled with logistical and international payment difficulties.

August 21, 2024

Sibanye finalizes $101m gold prepayment deal, refinances credit facility

The metals producer's profits tumbled $2 billion last year due to lower prices.