Brief: Platinum Group Metals reports third quarter 2017 results

Platinum Metals

17/07/2017 21:30

July 17 (Reuters) - Platinum Group Metals Ltd  PTM.TO  
    * Platinum Group Metals reports third quarter 2017 results 
    * Platinum Group Metals - Maseve mine delivered 6,925 ounces 
of platinum, palladium, rhodium & gold in concentrate during 3 
month period ended may 31 
    * Platinum Group - estimates will need $10 million to $20 
million of additional funding to maintain working capital 
covenants in 2017 under existing loan facilities 
    * Platinum Group - in near term, co's liquidity will be 
constrained as development at Maseve mine will utilize a 
majority of co's cash on hand 
    * Says earlier production guidance provided by company is no 
longer valid and should not be relied upon 
 
Source text for Eikon:  ID:nCCNYmg0la  
Further company coverage:  PTM.TO  
 
 ((bangalore.newsroom@thomsonreuters.com;))