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Platinum Group Metals Ltd (PLG)

PLG on American Stock Exchange

0.87USD
27 Jun 2017
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Latest Key Developments (Source: Significant Developments)

Platinum Group Metals announces private placement of $20 mln convertible senior notes
Tuesday, 27 Jun 2017 10:59pm EDT 

June 27 (Reuters) - Platinum Group Metals Ltd ::Platinum Group Metals announces private placement of US$20 million 6 7/8% convertible senior subordinated notes due 2022.Notes will bear interest at a rate of 6 7/8% per annum, payable semi-annually on January 1 and July 1 of each year.To use proceeds from sale of notes for working capital at Maseve Mine, for work on study on Waterberg Project.  Full Article

PLATINUM GROUP METALS LTD REPORTS ON MASEVE MINE OPERATIONS
Friday, 9 Jun 2017 09:20am EDT 

June 9 (Reuters) - Platinum Group Metals Ltd ::PLATINUM GROUP METALS - DURING MAY 2017 MASEVE MINE PRODUCED APPROXIMATELY 2,480 OUNCES OF PLATINUM, PALLADIUM, RHODIUM AND GOLD IN CONCENTRATE.PLATINUM GROUP METALS - IS IN DISCUSSIONS WITH ITS LENDERS FOR WAIVERS OF MINIMUM WORKING CAPITAL PROVISIONS AND IS ACTIVELY PURSUING FURTHER FUNDING.PLATINUM GROUP METALS LTD - ADDITIONAL WORKING CAPITAL WILL BE REQUIRED TO MAINTAIN ITS COVENANTS WITH ITS LENDERS AND TO CONTINUE ITS OPERATIONS.PLATINUM GROUP METALS LTD - FINANCING METHODS IN CONSIDERATION BY COMPANY INCLUDE BUT ARE NOT LIMITED TO SALE OF ASSETS, DEBT OR EQUITY.  Full Article

Platinum Group Metals reports $20 mln bought deal financing
Tuesday, 18 Apr 2017 04:18pm EDT 

April 18 (Reuters) - Platinum Group Metals Ltd ::Platinum Group Metals announces us$20 million bought deal financing.Platinum Group Metals -intends to use net proceeds of offering for underground development and production ramp-up of maseve mine, among others.Platinum Group Metals - entered into agreement with BMO capital markets under which BMO agreed to buy on bought deal basis 15.4 million common shares of co.  Full Article

Platinum Group Metals reports second quarter 2017 results
Monday, 17 Apr 2017 04:30pm EDT 

April 17 (Reuters) - Platinum Group Metals Ltd -:Platinum Group Metals reports second quarter 2017 results.Platinum Group Metals- estimated calendar 2017 production guidance, based on current mine plan, is adjusted from 100,000 ounces 4e to 85,000 ounces 4e.Platinum Group Metals- estimated calendar 2017 annual production guidance, based on current mine plan adjusted from 100,000 ounces 4e to 85,000 ounces 4e.Platinum Group Metals Ltd - currently working with BMO capital markets,macquarie capital to review,assess corporate,asset level strategic alternatives.Platinum Group Metals Ltd - production in January, February and March 2017 was 1,351, 1,193 and 2,598 4e ounces respectively.  Full Article

Platinum Group Metals says delays in underground development, stoping rates, planned tonnages resulted in ounce production delays
Tuesday, 4 Apr 2017 07:00am EDT 

Platinum Group Metals Ltd : Platinum Group Metals Ltd - delays in underground development, stoping rates and planned tonnages have resulted in ounce production delays . Platinum group metals - estimated 2017 annual production guidance, based on current mine plan, is adjusted from 100,000 ounces 4e to 85,000 ounces 4e . Platinum group - currently working with BMO capital markets and Macquarie Capital to review and assess corporate and asset level strategic alternatives .Platinum Group Metals Ltd - during march 2017 Maseve Mine produced approximately 2,477 ounces of platinum, palladium, rhodium and gold in concentrate.  Full Article

Platinum Group Metals says during March 2017 Maseve mine produced about 2,477 ounces of platinum, palladium, rhodium, gold in concentrate
Tuesday, 4 Apr 2017 07:00am EDT 

Platinum Group Metals Ltd : Platinum Group Metals reports on Maseve Mine operations . Platinum Group Metals Ltd - during March 2017 Maseve mine produced approximately 2,477 ounces of platinum, palladium, rhodium and gold in concentrate . Platinum Group Metals Ltd - Maseve Mine production ramp-up is following a positive trend but is behind schedule . Platinum Group - estimated calendar 2017 annual production guidance, based on current Maseve Mine plan, is adjusted from 100,000 ounces 4e to 85,000 ounces 4e . Platinum group metals - is working with BMO capital markets and Macquarie Capital to review and assess corporate and asset level strategic alternatives . Platinum Group - mill operator tailing technology reported that association of mineworkers and construction union issued a strike certificate on April 3 .Platinum Group - tailing technology advises they remain confident that they will be able to limit any potential disruptions if AMCU chooses to go on strike.  Full Article

Benton Resources Inc acquires high grade Ni-Cu-PGM Project from Platinum Group Metals Ltd
Wednesday, 30 Sep 2015 02:20pm EDT 

Benton Resources Inc:Says acquisition of 100% ownership in providence lake nickel-copper,cobalt,platinum group metals property from Platinum Group Metals Ltd.Says has acquired the project by making an approximate $28,000 lease payment to the Northwest Territories government.  Full Article

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BRIEF-Platinum Group Metals announces private placement of $20 mln convertible senior notes

* Platinum Group Metals announces private placement of US$20 million 6 7/8% convertible senior subordinated notes due 2022