News: Platinum Group Metals Ltd (PTM.TO)

PTM.TO on Toronto Stock Exchange

3 Jul 2015
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Wed, Jul 1 2015

South Africa's platinum sector faces crunch time as prices slide

JOHANNESBURG/LONDON, July 1 - South Africa's platinum sector is at a crucial juncture as the metal's price, near six-year lows, maintains a steady decline, with analysts now contemplating a move below $1,000 an ounce.

PRECIOUS-Platinum hits 5-1/2 yr low; gold eyes Fed

* Fed policy meet kicks off later on Tuesday (Updates prices)

PRECIOUS-Gold hits 3-month low on dollar rise, U.S. rate expectations

* Platinum at lowest since July 2009 (Updates prices, adds comment)

Platinum reaches biggest discount to gold in nearly two years

LONDON, Feb 20 - Platinum's discount to gold hit its highest level on Friday since the gold price crash of April 2013, as concerns over the euro zone outlook lifted demand for the yellow metal as a haven, while dampening sentiment towards platinum.

Canada's PGM expects new mine to produce 275,000 oz by 2017

CAPE TOWN, Feb 11 - Canadian miner Platinum Group Metals (PGM) plans to begin production at its new $500 million South African mine by next year before ramping up to full production of 275,000 ounces a year in 2017, its CEO said.

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