Platinum Group Metals Ltd. (PLG) Posts Wider Q1 Loss

Platinum Group Metals Ltd. (NYSE: PLG) reported Q1 EPS of ($0.01), versus $0.00 reported last year.

Outlook

The Company's key business objective and focus for calendar 2015 will be to continue with underground development and mine construction at Project 1 and to achieve first production in calendar Q4 2015.

The Company also plans to advance both the Waterberg JV Project and the Waterberg Extension Project through project and infrastructure engineering as well as modest confirmation drilling and exploration activities.

During 2015 the Company will be speaking with its partners and other third parties interested to become involved at Waterberg. The Company will consider transactions with the potential to provide funding for additional work. The goal will be to keep the Waterberg projects advancing and on track to the completion of the planned pre-feasibility study and beyond while maintaining our interest in the Waterberg JV and maintaining an effective majority interest in the Waterberg Extension. We plan to work with Macquarie Bank in South Africa to identify financing alternatives for our Black-Economic Empowerment partners so that they may become fully funded at both Project 1 and at Waterberg.

For earnings history and earnings-related data on Platinum Group Metals Ltd. (PLG) click here.

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