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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
See Regulatory Filings on SEDAR
Company Contact
Address: #1080 - 1188 West Georgia Street
Tel: N/A
IR: See website
Key People
Wanjin Yang
Chief Executive Officer
Wylie Hui
Chief Financial Officer, Corporate Secretary
Hannelie Hanson
Chief Operating Officer
Andrea Zhang
Vice President
Business Overview
Eastern Platinum Limited is a Canada-based company that directly and indirectly owns a range of platinum group metals (PGM) and chrome assets in the Republic of South Africa. The Company 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. The Company's segments include CRM, Eastern Limb and corporate. All of the Company's properties are situated on the western and eastern limbs of the Bushveld Complex, the geological environment that hosts approximately 80% of PGM-bearing ore. The Company's operations at the Crocodile River Mine include re-mining and processing its tailings resource to produce chrome and PGM concentrates from the Barplats Zandfontein tailings dam. The Company's six platinum group metals include platinum, palladium, rhodium, osmium, iridium and ruthenium.
Financial Overview
For the six months ended 30 June 2022, Eastern Platinum Ltd. revenues increased 3% to $37.9M. Net income increased 29% to $4.2M. Revenues reflect Canada, Barbados and BVI segment increase from $0K to $100K. Net income benefited from G/L on Sale of Tangible & Intangible FA increase from $587K (expense) to $291K (income), Foreign exchange gain (loss) increase of 71% to $1.8M (income).
Employees: 1,805 as of Sep 30, 2010
Reporting Currency: U.S. Dollars
Enterprise value: $24.34M as of Jun 30, 2022
Annual revenue (TTM): $92.06M as of Jun 30, 2022
EBITDA (TTM): $12.35M as of Jun 30, 2022
Net annual income (TTM): -$0.27M as of Jun 30, 2022
Free cash flow (TTM): -$7.16M as of Jun 30, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 137,820,773 as of Jun 30, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization