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Eastern Platinum Limited Reports Q1 2019 Results
Eastern Platinum Limited Reports Q1 2019 Results Canada NewsWire VANCOUVER, May ...
About this update from Eastern Platinum Limited
[{"type":"text","content":"\n\n\n\nEastern Platinum Limited Reports Q1 2019 Results\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, May 15, 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, May 15, 2019 /CNW/ - Eastern Platinum Limited (\"Eastplats\" or the \"Company\") is pleased to report that it has filed its Q1 2019 condensed interim consolidated financial statements and management's discussion and analysis for the three month period ended March 31, 2019. Below is a summary of the Company's financial results and highlights for Q1 2019 (all amounts in USD, except as indicated in South African Rand (\"ZAR\")):\nRevenue from the Retreatment Project $5.4 million; Operating loss $1.8 million in Q1 2019 compared to $2.6 million in Q1 2018; Net financing cash flow of $2.2 million (ZAR31.3 million) during Q1 2019 - Retreatment Project construction loan from Union Goal (as defined below) in accordance to the Framework Agreement (as defined below); Cash and short-term investments of $3.8 million and net working capital (excluding non-cash deferred revenue) of $5.7 million as at March 31, 2019; Net operating cash flows used during Q1 2019 was $3.7 million compared with $1.7 million in Q1 2018; and Net loss to equity shareholders of $0.8 million (loss of $0.01 per share) during Q1 2019 compared with $0.7 million (loss of $0.01 per share) in Q1 2018 – the increase resulting from a $0.4 million change in foreign exchange losses.Operations of the Retreatment Project\nAs previously disclosed, on March ...