JOHANNESBURG (miningweekly.com) – JSE- and TSX-listed Atlatsa Resources’ headline loss a share widened to $0.16 for the year ended December 31, 2017, compared with a loss of $0.08 in the 2016 financial year.
The company said in a statement on Thursday that revenue decreased by 28.4% year-on-year to $116.5-million, owing to a decrease of 34.6% in platinum group metal (PGM) ounces produced, and a 3.3% decrease in the average platinum price per ounce.
The company had placed its Bokoni mine on care and maintenance in October 2017, resulting in PGM output having decreased to 104 084 oz in 2017, compared with the 159 241 oz produced in 2016.
The basic and diluted loss a share was $0.36, compared with $0.08 previously.
The cost per tonne milled during the year increased by 34.3% to $180, compared with $134 in 2016.
Total capital expenditure for the 2017 financial year was $40.3-million, compared with $25.2-million in the prior year.