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Eastern Platinum Limited (T:ELR)

Business Focus: Non-Gold Precious Metals & Minerals (NEC)

Sector:  Basic Materials Industry:  Non-Gold Precious Metals & Minerals
Company Contact
Address: #1080 - 1188 West Georgia Street
Tel: N/A
IR: See website
Key People
Wanjin Yang
President, Chief Executive Officer
Wylie Hui
Chief Financial Officer, Corporate Secretary
Business Overview
Eastern Platinum Limited owns directly and indirectly a number of platinum group metals (PGM) and chrome assets in the Republic of South Africa. It is engaged in re-mining and processing of tailings at the Crocodile River Mine (CRM) and the exploration and development of other PGM and chrome properties located in various provinces in South Africa. All of the Company's properties are situated on the western limb (Crocodile River Mine) and eastern limb (Kennedy's Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the geological environment that hosts approximately 80% of the PGM-bearing ore. Operations at the Crocodile River Mine include re-mining and processing its tailings resource to produce PGM and chrome concentrates from the Barplats Zandfontein tailings dam. Its six PGMs are platinum, palladium, rhodium, osmium, iridium and ruthenium. The Kennedy's Vale and Spitzkop Project are situated on the Eastern limb of the Bushveld Complex 350 kilometers northeast of Johannesburg.
Financial Overview
For the six months ended 30 June 2023, Eastern Platinum Ltd revenues increased 55% to $58.7M. Net income increased from $4.2M to $9M. Revenues reflect South Africa segment increase from $1.1M to $58.7M. Net income benefited from General and Administrative decrease of 54% to $1.2M (expense), Site services decrease of 32% to $1.7M (expense). Basic Earnings per Share excluding Extraordinary Items increased from $0.03 to $0.05.
Employees: 1,805 as of Sep 30, 2010
Reporting Currency: U.S. Dollars
Enterprise value: $15.77M as of Jun 30, 2023
Annual revenue (TTM): $95.26M as of Jun 30, 2023
EBITDA (TTM): $17.48M as of Jun 30, 2023
Net annual income (TTM): $2.89M as of Jun 30, 2023
Free cash flow (TTM): -$0.19M as of Jun 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 201,901,426 as of Jun 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization