Eastplats Reports Weaker Second Quarter 2026 Results as PGM Production Declines

Published: Aug 19, 2026 16:25 (GMT+8)

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[SMM Flash] Eastern Platinum Limited (Eastplats) reported weaker financial and operational results for the second quarter of 2026, with revenue falling 25.8% year on year to USD 7.9 million. The company recorded a USD 7.9 million operating loss compared with USD 3 million in Q2 2025, while net loss attributable to shareholders widened to USD 6.1 million from USD 1.8 million. Eastplats attributed the deterioration mainly to lower PGM sales volumes and higher production costs at its Crocodile River Mine (CRM) in South Africa.

PGM production fell to 4,356 oz of 6E in Q2 2026 from 6,781 oz a year earlier, while PGM concentrate production declined to 810 tonnes from 1,401 tonnes. ROM feed also decreased to 51,160 tonnes from 75,340 tonnes. Despite lower output, the average 6E PGM grade increased to 167 g/t from 151 g/t, indicating stronger grades but insufficient throughput. Eastplats said it will focus on operational efficiencies to improve PGM and chrome production as it continues ramping up the Zandfontein underground section at the Crocodile River Mine.

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