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Friday preview: Aquarius Platinum digs out latest results

Thu, 07th Feb 2013 15:15

South African miner Aquarius Platinum unleashes its latest financial results Friday after reporting an improvement in output during the final quarter of 2012.The company saw attributable production rise 2.0% quarter-on-quarter for last three months of December, according to results published last month.At the time the FTSE 250 firm said it was a challenging quarter during which industrial relations in South Africa remained strained and metal prices remained low. The group also highlights that it remained acutely aware that despite the improvements in production, it continued to consume cash during the quarter. The price improvements and the weakened exchange rate in January were expected to substantially reduce cash consumption and enable the to company to start producing cash at mine level.Platinum spot prices rose 0.06% to $1,737.85 per troy ounce at 15:46 Thursday, according to data on Bloomberg.The company has been under pressure as it mothballed two of its mines in 2012 and saw its increasingly exasperated Chief Executive Officer (CEO), Stuart Murray, resign in October.Platinum gained for a fifth day Thursday on increased concern that supplies will decline from South Africa, which produces of about 73% global output.Friday February 08 INTERIMS Aquarius Platinum Ltd. INTERIM DIVIDEND PAYMENT DATE ICAP, Pinewood Shepperton INTERNATIONAL ECONOMIC ANNOUNCEMENTS Balance of Trade (GER) (07:00) Balance of Trade (US) (13:30) Current Account (GER) (07:00) Factory Orders (GER) (11:00) Retail Price Index (GER) (07:00) Wholesales Inventories (US) (15:00) FINALS Catlin Group Ltd. IMSS Cable & Wireless Communications, Shaftesbury AGMS Grainger, Shaftesbury FINAL DIVIDEND PAYMENT DATE Daily Mail and General Trust 'Ord' Shares, Daily Mail and General Trust A (Non.V), Grainger, Next Fifteen Communications, Smiths News, Unicorn AIM VCT
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1 Apr 2016 10:28

Director dealings: Bell buys first stake at Greatland Gold

(ShareCast News) - Greatland Gold's non-executive chairman Andrew Bell bought a 2.39% stake in the Tasmanian exploration tiddler days after the company stated its much improved confidence new strategy. Bell snapped up 23.7m Greatland shares at a bargain basement price of 0.132p per share. While thi

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24 Mar 2016 11:24

Aquarius Platinum Takeover By Sibanye Gold To Complete In Early April

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17 Mar 2016 10:23

Aquarius Platinum Gets South African Approval For Sibanye Gold Deal

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11 Feb 2016 09:37

BROKER RATINGS SUMMARY: Panmure Gordon Raises DCC To Buy After Update

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9 Feb 2016 11:32

Aquarius Platinum Operations Unprofitable In First Half As Loss Widens

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28 Jan 2016 11:41

Aquarius Platinum Continues To Grapple With Costs And Prices

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11 Jan 2016 16:18

AGM, EGM Calendar - Week Ahead

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5 Jan 2016 08:24

Aquarius Platinum Reports Fatal Accident At Mimosa Mine In Zimbabwe

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30 Nov 2015 10:19

Aquarius Platinum Says "Significant Progress" Made On Sibanye Deal

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27 Oct 2015 09:11

Aquarius Platinum Swings To Loss As Operations Become Unprofitable

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15 Oct 2015 10:21

Zimbabwe threatens to re-impose platinum tax if miners don't process locally

HARARE, Oct 15 (Reuters) - Zimbabwe could re-impose a 15 percent tax on raw platinum ore exports if mining companies do not deliver on pledges to build smelters and refineries to help boost the local economy, the finance minister said on Thursday. The export tax was introduced in January bu

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6 Oct 2015 14:21

Aquarius Platinum rockets on Sibanye Gold offer

(ShareCast News) - Shares in Aquarius Platinum rocketed as investors welcomed news that Sibanye Gold has agreed to buy the company for $294m. Under the terms of the deal, Aquarius shareholders will receive $0.195, or ZAR2.66 per share for Aquarius share held. This represents a premium of 60.3% to Aq

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6 Oct 2015 12:57

UPDATE 2-Sibanye raises platinum gamble with Aquarius deal

* Sibanye offers 2.66 rand per share * Bid at 56 pct premium to Aquarius Monday's closing price * Shares in Aquarius surge more than 40 pct (Adds analyst, CEO comment) By Ed Stoddard JOHANNESBURG, Oct 6 (Reuters) - South Africa's Sibanye Gold has offered $294 million to

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6 Oct 2015 10:12

Sibanye Gold does not plan job cuts after offer to buy Aquarius Platinum

Oct 6 (Reuters) - South Africa's Sibanye Gold has no plans to cut jobs and will keep its dividend policy unchanged after its offer to acquire Aquarius Platinum for $294 million, its chief executive said on Tuesday. Sibanye Chief Executive Neal Froneman told a presentation in Johannesburg t

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6 Oct 2015 09:32

WINNERS & LOSERS SUMMARY: Greggs The Baker Rises On Strong Sales

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