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Eastern Platinum Limited Reports Annual Results for 2018
Eastern Platinum Limited Reports Annual Results for 2018 Canada NewsWire VANCOUV...
About this update from Eastern Platinum Limited
[{"type":"text","content":"\n\n\n\nEastern Platinum Limited Reports Annual Results for 2018\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnsbls{\nBORDER-LEFT:black 1pt solid\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n.prnsbbs{\nBORDER-BOTTOM:black 1pt solid\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnrbrs{\nBORDER-RIGHT:black 1pt solid\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbt1{\nBORDER-TOP:1pt\n}\n.prnsbts{\nBORDER-TOP:black 1pt solid\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbl1{\nBORDER-LEFT:1pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, March 27, 2019\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/\nTrading Symbol: ELR (TSX); EPS (JSE)\n VANCOUVER, March 27, 2019 /CNW/ - Eastern Platinum Limited (\"Eastplats\" or the \"Company\") is pleased to report that it has filed its Audited Consolidated Financial Statements for the years ending December 31, 2018 and 2017 and the corresponding, Management's Discussion and Analysis and Annual Information Form. Below is a summary of the Company's financial results and highlights for the year ended December 31, 2018 (all amounts in USD):\nCapitalized $64.0 million in respect to the Retreatment Project (as defined below) during 2018;The Retreatment Project began producing revenue in late December 2018 – which is the first reported revenue of the Company since 2013;Cash and short-term investments of $5.6 million and net working capital (excluding non-cash deferred revenue) of $5.0 million as at December 31, 2018 available for 2019;Cash inflow of $7.1 million during 2018 – upfront payment and construction loan from Union Goal (as defined below) in accordance to the Framework Agreement (as defined below); Cash flows used during the year were $2.8 million compared with $7.8 million in 2017, a continued improvement since 2016;Net loss to equity shareholders of $21.8 million (loss of $0.24 per share) compared with $7.4 million (loss of $0.08 per share) in 2017 – the increase result...