September 5, 2022

Platinum buyers may shun Russian metal when contracts renewed

Russia is a significant supplier of both platinum and palladium, which are mostly used to cut emissions from gasoline and diesel vehicles.

September 5, 2022

Heavy China platinum imports spur shortages elsewhere, WPIC says

Lease rates for platinum peaked at around 10% in May, higher than at the peak of the pandemic.

August 31, 2022

Quebec Nickel drills greater than 1% nickel at Ducros project

Three key targets so far at the project are Fortin Sill, the Ducros Sill Complex and the Ducros Gabbro. 

August 26, 2022

Northam Platinum posts profit dip as costs surge

Increases in the price of chemicals, steel components, explosives and fuel drove Northam's production costs 18.9% higher.

August 25, 2022

Sibanye says new US Inflation Reduction Act offers opportunities

Sibanye would consider more US assets if value accretive -CEO.

August 17, 2022

Sibanye warns on profit, shares tumble

The company said gold production fell by 77% in the first half following a strike at its South African gold operations.

August 16, 2022

Magna Mining acquires Crean Hill mine with Lonmin Canada takeover

The aggregate purchase price for the outstanding shares of Loncan will be equal to C$16 million.

August 11, 2022

Sibanye Stillwater CEO says market conditions not ideal for gold M&A

Neal Froneman, who has urged gold miners to consolidate, said "the market is just not conducive at this stage to doing value-accretive transactions."

August 11, 2022

Sibanye cuts US palladium mines output forecast after floods

Company now expects its US PGM mines to produce between 445,000-460,000 ounces of platinum and palladium this year, down from 550,000-580,000 ounces expected previously.

August 3, 2022

Analysts slash platinum and palladium forecasts amid global slowdown

Platinum prices have fallen from a 9-month high of $1,179.81/oz in March to around $900.