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Also traded in: Canada, Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash-to-Debt 0.15
PLG's Cash-to-Debt is ranked lower than
77% of the 1509 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 34.90 vs. PLG: 0.15 )
Ranked among companies with meaningful Cash-to-Debt only.
PLG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15  Med: No Debt Max: No Debt
Current: 0.15
Interest Coverage N/A
PLG's Interest Coverage is ranked lower than
56% of the 1004 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 10000.00 vs. PLG: N/A )
Ranked among companies with meaningful Interest Coverage only.
PLG' s Interest Coverage Range Over the Past 10 Years
Min: N/A  Med: No Debt Max: No Debt
Current: N/A
N/A
No Debt
Piotroski F-Score: 1
Altman Z-Score: -3.90
Beneish M-Score: 0.88
WACC vs ROIC
17.12%
-1.34%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 3/10

vs
industry
vs
history
ROE % -68.75
PLG's ROE % is ranked lower than
61% of the 1348 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: -8.22 vs. PLG: -68.75 )
Ranked among companies with meaningful ROE % only.
PLG' s ROE % Range Over the Past 10 Years
Min: -68.75  Med: -5.16 Max: 33.59
Current: -68.75
-68.75
33.59
ROA % -51.23
PLG's ROA % is ranked lower than
56% of the 1533 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: -8.06 vs. PLG: -51.23 )
Ranked among companies with meaningful ROA % only.
PLG' s ROA % Range Over the Past 10 Years
Min: -51.23  Med: -4.04 Max: 27.37
Current: -51.23
-51.23
27.37
ROC (Joel Greenblatt) % -1.32
PLG's ROC (Joel Greenblatt) % is ranked higher than
66% of the 1449 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: -12.11 vs. PLG: -1.32 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
PLG' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -123.13  Med: -7.28 Max: -1.19
Current: -1.32
-123.13
-1.19
3-Year EBITDA Growth Rate 0.40
PLG's 3-Year EBITDA Growth Rate is ranked higher than
64% of the 1138 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: -14.00 vs. PLG: 0.40 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
PLG' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -50.8  Med: -3.4 Max: 108.9
Current: 0.4
-50.8
108.9
3-Year EPS without NRI Growth Rate -5.00
PLG's 3-Year EPS without NRI Growth Rate is ranked higher than
65% of the 1012 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: -20.60 vs. PLG: -5.00 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
PLG' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -52.1  Med: -7.9 Max: 19.8
Current: -5
-52.1
19.8
GuruFocus has detected 2 Warning Signs with Platinum Group Metals Ltd $PLG.
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» PLG's 30-Y Financials

Financials (Next Earnings Date: 2017-11-29 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

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Guru Trades

Q2 2016

PLG Guru Trades in Q2 2016

Jim Simons Sold Out
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Q4 2016

PLG Guru Trades in Q4 2016

Donald Smith 1,666,700 sh (New)
Jim Simons 53,982 sh (New)
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Q1 2017

PLG Guru Trades in Q1 2017

Donald Smith 11,882,301 sh (+612.92%)
Jim Simons Sold Out
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Q2 2017

PLG Guru Trades in Q2 2017

Donald Smith 14,400,146 sh (+21.19%)
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Insider Trades

Latest Guru Trades with PLG

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Donald Smith 2017-06-30 Add 21.19%0.05%$0.79 - $1.7 $ 0.52-56%14,400,146
Donald Smith 2017-03-31 Add 612.92%0.43%$1.43 - $2.32 $ 0.52-70%11,882,301
Donald Smith 2017-01-24 Add 603.03%0.45%Premium Member Access $1.69 $ 0.52-69%11,717,449
Donald Smith 2016-12-31 New Buy0.06%$1.43 - $2.75 $ 0.52-71%1,666,700
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Business Description

Industry: Metals & Mining » Industrial Metals & Minerals    NAICS: 212299    SIC: 619
Compare:TSXV:GQC, TSX:ETG, TSXV:NOT, TSXV:RZZ, TSXV:REG, TSX:GGD, TSXV:EMX, TSX:EXN, TSXV:TIC, TSXV:ASM, TSXV:GPY, TSX:INV, TSXV:LA, TSXV:GTT, TSX:ERD, TSXV:KNT, TSX:SGF, TSXV:NLC, TSXV:ATY, TSXV:MRZ » details
Traded in other countries:PTM.Canada, P6MA.Germany,
Headquarter Location:Canada
Platinum Group Metals Ltd is an mineral exploration and development stage company. The Company is focused on the operation and development of platinum and palladium mining operations. Its projects include Maseve Mine and Waterberg.

Platinum Group Metals Ltd is a British Columbia company amalgamated on February 18, 2002. The Company is an exploration and development company conducting work on mineral properties it has staked or acquired by way of option agreements in Ontario, Canada and the Republic of South Africa. The Company currently holds interests in platinum properties in the western and northern limbs of the Bushveld Complex in South Africa and in Canada. The Company is currently developing the Project 1 platinum mine in South Africa, in which it held a 74% working interest as of August 31, 2013 and currently holds a right to acquire a 77.55% working interest.

Top Ranked Articles about Platinum Group Metals Ltd

Platinum Group Metals Ltd. Announces Increase to Sprott Credit Facility

VANCOUVER, BRITISH COLUMBIA and JOHANNESBURG, SOUTH AFRICA--(Marketwired - Oct 12, 2016) - Platinum Group Metals Ltd. (TSX:PTM)(NYSE MKT:PLG) ("Platinum Group" or the "Company") announces that the Sprott Resource Lending Partnership lenders ("Sprott") have provided a US $5.0 million second advance to the Company. The original US $40.0 million credit agreement entered into by the Company and Sprott, pursuant to which funds were advanced to the Company on November 20, 2015, has been amended and restated to reflect an increase to US $45.0 million. A summary of material terms related to the second advance under the amended and restated credit facility are:

Interest will accrue and become payable to Sprott monthly on the second advance at a rate of LIBOR plus 8.5%, the same rate as for the original advance;
Other terms, conditions and covenants related to the second advance are substantially the same as for the original advance, as amended;
For a summary of the material terms of the original advance from Sprott to the Company, as amended, please see the Company's news release dated September 19, 2016;
The second advance may be repaid in six equal, monthly instalments commencing on July 31, 2017, unless Sprott elects for earlier repayment from the proceeds of an equity or debt financing prior to December 31, 2017; and
The Company must obtain certain regulatory approvals as a post-closing requirement of the second advance. The Company must complete equity financings raising gross proceeds of US $20.0 million by December 31, 2016.

In consideration of the second advance, as a fee, the Company has agreed to issue 113,963 common shares of the Company as directed by Sprott pursuant to the amended Sprott facility. This amount is based on the value of five percent of the second advance, being US $250,000 converted to $332,600 Canadian dollars using the Bank of Canada noon spot rate on October 7, 2016. The shares were then priced at the ten-day volume weighted average price on the Toronto Stock Exchange (the "TSX") of $3.2428 per share, less a ten percent discount. The shares will be subject to a four month and one day hold period from the date of issuance under applicable securities laws in Canada and where applicable will also be subject to resale restrictions under the securities laws of the United States. The issuance of the above noted shares is subject to the approval of the TSX and the NYSE MKT LLC ("NYSE MKT"). About Platinum Group Metals Ltd. Platinum Group Metals Ltd. is based in Johannesburg, South Africa and Vancouver, Canada. The Company's business is currently focused on the operation of the Project 1 "Maseve" platinum mine and the exploration and pre-feasibility engineering on the newly discovered Waterberg platinum deposit, where the Company is the operator of the Waterberg JV Project with JOGMEC and Mnombo. On behalf of the Board of Platinum Group Metals Ltd., R. Michael Jones, President and CEO Disclosure The securities described herein have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. The TSX and the NYSE MKT have not reviewed and do not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management. This press release contains forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of U.S. securities laws (collectively "forward-looking statements"). Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, schedule, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding the Company's compliance with the terms of the Sprott amended and restated credit facility and the issuance of shares pursuant to such agreement. Although the Company believes the forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including: the Company's capital requirements may exceed its current expectations; the uncertainty of operational and economic projections; the ability to obtain TSX and NYSE MKT approval of the contemplated share issuances; the ability of the Company to negotiate and complete future funding transactions; variations in market conditions; the nature, quality and quantity of any mineral deposits that may be located; metal prices; other prices and costs; currency exchange rates; the Company's ability to obtain any necessary permits, consents or authorizations required for its activities and to comply with applicable regulations; the Company's ability to produce minerals from its properties successfully or profitably, to continue its projected growth, or to be fully able to implement its business strategies; and other risk factors described in the Company's Form 40-F annual report, annual information form and other filings with the Securities and Exchange Commission and Canadian securities regulators, which may be viewed at www.sec.gov and www.sedar.com, respectively.





Platinum Group Metals Ltd.
R. Michael Jones
President
Platinum Group Metals Ltd.
Kris Begic
VP, Corporate Development
Tel: (604) 899-5450 / Toll Free: (866) 899-5450




Read more...
Platinum Group Metals Ltd. Announces Filing of Preliminary Base Shelf Prospectus

VANCOUVER, BRITISH COLUMBIA and JOHANNESBURG, SOUTH AFRICA--(Marketwired - Oct 5, 2016) - Platinum Group Metals Ltd. (TSX:PTM)(NYSE MKT:PLG) ("Platinum Group" or the "Company") announces that it has filed a preliminary short form base shelf prospectus (the "Shelf Prospectus") with the securities regulatory authorities in each of the provinces of Canada except Quebec, and a corresponding registration statement on Form F-10 (the "Registration Statement") with the U.S. Securities and Exchange Commission ("SEC") in accordance with the Multijurisdictional Disclosure System established between Canada and the United States. The Shelf Prospectus and Registration Statement, when made final and effective, will enable the Company to make offerings of up to US$250 million (or the equivalent thereof in Canadian dollars) of common shares, debt securities, warrants, units, subscription receipts or a combination thereof of the Company from time to time, separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of the offering and as set out in an accompanying prospectus supplement, during the 25-month period that the Shelf Prospectus and Registration Statement, when made final, remain effective. The Company filed the Shelf Prospectus and Registration Statement in order to maintain financial strength and flexibility going forward. Unless otherwise specified in the prospectus supplement relating to a particular offering of securities, the net proceeds from any sale of any securities will be used to advance the Company's business objectives and for general corporate purposes, including funding ongoing operations and/or working capital requirements, repaying indebtedness outstanding from time to time, discretionary capital programs and potential future acquisitions. The specific terms of any future offering will be established in a prospectus supplement to the Shelf Prospectus, which supplement will be filed with the applicable Canadian securities regulatory authorities and the SEC. The Registration Statement has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time that the Registration Statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. A copy of the Shelf Prospectus can be found on SEDAR at www.sedar.com, and a copy of the Registration Statement can be found on EDGAR at www.sec.gov. Copies of the Shelf Prospectus and the Registration Statement may also be obtained by contacting the Corporate Secretary of the Company at 550 Burrard Street, Suite 788, Vancouver, British Columbia V6C 2B5. About Platinum Group Metals Ltd. Platinum Group Metals Ltd. is based in Johannesburg, South Africa and Vancouver, Canada. The Company's business is currently focused on the operation of the Project 1 "Maseve" platinum mine and the exploration and pre-feasibility engineering on the newly discovered Waterberg platinum deposit, where the Company is the operator of the Waterberg JV Project with JOGMEC and Mnombo. On behalf of the Board of Platinum Group Metals Ltd. "R. Michael Jones" President and CEO The Toronto Stock Exchange (the "TSX") and the NYSE MKT, LLC (the "NYSE MKT") have not reviewed and do not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management. This press release contains forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of U.S. securities laws (collectively "forward-looking statements"). Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, schedule, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding the finalization and effectiveness of the Shelf Prospectus and Registration Statement, potential offerings of securities thereunder and the potential use of proceeds of such offerings. Although the Company believes the forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including: the Company's capital requirements may exceed its current expectations; the uncertainty of operational and economic projections; the ability to obtain TSX and NYSE MKT approval of any contemplated offerings; the ability of the Company to negotiate and complete future funding transactions; variations in market conditions; the nature, quality and quantity of any mineral deposits that may be located; metal prices; other prices and costs; currency exchange rates; the Company's ability to obtain any necessary permits, consents or authorizations required for its activities and to comply with applicable regulations; the Company's ability to produce minerals from its properties successfully or profitably, to continue its projected growth, or to be fully able to implement its business strategies; and other risk factors described in the Shelf Prospectus, the Registration Statement and other filings with the Securities and Exchange Commission and Canadian securities regulators, which may be viewed at www.sec.gov and www.sedar.com, respectively.





Platinum Group Metals Ltd.
R. Michael Jones
President
(604) 899-5450 / Toll Free: (866) 899-5450
Platinum Group Metals Ltd.
Kris Begic
VP, Corporate Development
(604) 899-5450 / Toll Free: (866) 899-5450




Read more...
Platinum Group Metals Ltd.: Corporate Update

- Maseve Mine Best Grade Thickness Block Accessed - Waterberg Pre-Feasibility Study On Track - Loan Facilities Amended and Extended

VANCOUVER, BRITISH COLUMBIA and JOHANNESBURG, SOUTH AFRICA--(Marketwired - Sep 19, 2016) - Platinum Group Metals Ltd. (TSX:PTM)(NYSE MKT:PLG) ("Platinum Group" or the "Company") is pleased to provide the following update on progress at its South African operations. Maseve Mine Primary development at the Maseve Mine accessed mining Block 11 in mid-August. Block 11 hosts some of the best grade thickness ore at the Maseve Mine and is an important part of the next several years of scheduled mining. Seam thickness where accessed is approximately 2.0 metres, with a well-developed and near flat dipping Merensky Reef present as modelled. Vertical channel sampling has returned assays of 7.4 grams per tonne platinum, palladium, rhodium and gold ("4E") over a true width of 193 cm. This block is amenable to bord and pillar stoping utilizing efficient mechanized mining methods. CEO R. Michael Jones commented "Access to Block 11 has been a primary objective for the last two years. We are very pleased to find the reef in this area as good or better than expected. We are currently driving primary access along Block 11. Breakaway drives for mining are also in process. We are excited to mine the excellent tonnes and grade available in Block 11 as we continue to drive for volume." Block 11 is a large, well-drilled and stable mining block estimated to host more than 545,000 4E Merensky Reef ounces (3,066,512 tonnes at 5.53 gpt 4E Indicated). This block is modelled as flat dipping at an average of 9 degrees, with an average seam thickness of 157 cm and is scheduled to be mined initially utilizing a bord and pillar mechanized method. (NI 43-101 report titled "An Independent Technical Report on the Maseve Project (WBJV Project areas 1 and 1A) located on the Western Limb of the Bushveld Igneous Complex, South Africa" effective July 15, 2015.) Initial mining in Block 11 consists of "on reef" development of both primary access and breakaway tunnels and material from these excavations is being fed into the mill. Low profile bord and pillar mining in Block 11 will commence in the weeks ahead. The Maseve Mine is fully constructed and is in the ramp up phase of production. Development at Maseve has established approximately 20 ends where the Merensky Reef is exposed and of these 18 are currently working ends. Recent efforts have been focused on primary access development. Active stoping areas are increasing as development and set up is completed on Merensky Reef ends. The deposit blocks that have been accessed for current mining continue to show good grade thickness correlation to the block model as reported earlier. Mining methods have been varied based on any changes in the dips and position of the reef and the primary grade thickness of the reef has been appropriately modelled. There are currently no planned changes to earlier resource and reserve estimates. Recoveries and performance of the mill have been at or above design criteria and the plant can handle throughput in excess of the nameplate 110,000 tonnes per month utilizing the current MF1 circuit. Production challenges have related to the ramp up of stoping tonnes. Project construction savings have offset some but not all of the costs resulting from the delay. Difficulties and delays have been experienced in certain areas of underground infrastructure, causing bottlenecks in the movement of waste and ore out of the mine. Completion of the first underground silo top, the addition of a belt loader at this silo and future top and bottom completions at silos two and three are expected to increase production from September 2016 into 2017. Direct Platinum Group Metals oversight of the underground contractors has been increased in the past 60 days. Underground equipment maintenance management has been changed and equipment availability is improving. Feed to the plant since commissioning in March until July, 2016 has been substantially comprised of low grade development stockpiles. Mill feed is currently a combination of mined stoping tonnes and development tonnes from primary headings where Merensky Reef is present. Looking forward, tonnes mined are scheduled to increase as key mining blocks are accessed, developed and stoped. Successful stoping in bord and pillar areas and long-hole areas has now started and is ramping up. Grade of material feed to the mill is increasing as the proportion of stoped tonnes increases relative to development tonnes. A conveyor from underground has been commissioned that feeds directly to the overland conveyor and into the primary crusher and mill. In the months ahead a final conveyor leg directly to Block 11 is planned to be installed, which will greatly improve the ability to move good grade tonnes out of the mine and directly into the mill. Monthly production at Maseve is increasing. During the month of August, 2016 the Maseve Mine produced 1,893 ounces 4E and associated copper and nickel in concentrate. Initial monthly revenue from concentrate sales before commercial production are treated as a reduction in project capital cost. Production is expected to double in September, 2016 from August levels and then continue to increase monthly into 2017. Guidance for concentrate production for the Maseve Mine (100% project basis) from April 2016 to April 2017 is amended from 110,000 4E to 91,500 ounces 4E. Working Capital Facilities Amended and Extended During the month of August 2016 representatives of the Sprott Resource Lending Partnership ("Sprott") and Liberty Metals & Mining Holdings, LLC ("LMM") completed on site due diligence at Maseve. The Sprott lenders and LMM (together the "Lenders") have agreed to amend certain terms to their existing loan facility agreements with the Company. A summary of material amendments follows:

The Sprott lenders have agreed to defer 12 planned monthly repayments of their original US $40 million loan facility from commencing on January 31, 2017 to commencing on January 31, 2018;



LMM has agreed to defer 9 planned quarterly repayments of its original US $40 million loan facility plus capitalized interest from commencing December 31, 2018 until June 30, 2019;



LMM has agreed to defer the quarterly payment of interest due to LMM from commencing December 31, 2016 until December 31, 2017. During the additional twelve-month period interest will continue to be accrued monthly and capitalized to principal;



Sprott and LMM have both agreed to reset agreed monthly production covenants so that month one of production will be October, 2016.



Under the terms of the LMM loan facility, pursuant to the production payment agreement referred to therein, LMM was granted the right to 1.5% of net proceeds received on concentrate sales or other minerals from the Maseve Mine. LMM and the Company have agreed to extinguish the Company's right to buy back 1% of LMM's 1.5% production payment right for US$17.5 million until January 1, 2019 or for US$20 million until December 31, 2021; and



Sprott and LMM have agreed to waive certain cash sweep requirements they would otherwise be entitled to under the original loan facilities.

In consideration of the amendments, the Company has agreed to issue 801,314 common shares of the Company as directed by the Sprott lenders pursuant to the Sprott facility amendment and 801,314 in common shares of the Company to Liberty pursuant to the Liberty facility amendment. This amount is based on the value of five percent of the initial principal balance of the LMM loan facility and the Sprott loan facility (together, the "Working Capital Facilities") (in each case, such amount being US $2.0 million). The shares are priced at the five-day volume weighted average price on the Toronto Stock Exchange (the "TSX") of $3.66 per share, less a ten percent discount, converted to US dollars using the Bank of Canada noon spot rate. The shares will be subject to a four month and one day hold period from the date of issuance under applicable securities laws in Canada and where applicable will also be subject to re-sale restrictions under the securities laws of the United States. If such shares are not issued by October 6, 2016, the Company must instead pay an amount equal to US $2.0 million pursuant to each of the Working Capital Facilities, in each case, payable in cash in lieu of shares. In addition, the Company has agreed to pay the Sprott lenders a 3% cash repayment fee in respect of any voluntary prepayment made on or before December 31, 2017. The issuance of the above noted shares is subject to the completion and execution of final documentation and the approval of the TSX and the NYSE MKT LLC ("NYSE MKT"). The amendments described above are not effective unless closing conditions have been satisfied, including, without limitation, the receipt of regulatory approvals and the Company's payment of the applicable shares or cash. The Company has also entered into discussions with the Lenders regarding an increase to the current credit facilities in order to provide the Company with additional working capital for the Maseve Mine. There is no assurance that any such increase will occur. Waterberg Expenditures on the Waterberg Project are currently being funded by the Japan Oil, Gas and Metals National Corporation ("JOGMEC"). To date JOGMEC has funded 100% of approximately US $11.0 million for the current phase of planned work and a budget of approximately US $3.0 million remains to be spent by March 31, 2017. For the period after March 31, 2017 another US $6.0 million of JOGMEC funding is to be provided. Funding in place from JOGMEC will allow the project to advance and grow without a draw on the Company's working capital. Work at present is focused on the completion of an ongoing pre-feasibility study at Waterberg and the results of this study are planned to be published in the weeks ahead. In preparation for a planned feasibility study at Waterberg, other work now underway or to commence soon includes infrastructure engineering for power and water, metallurgical work, geophysical studies and core drilling to bring certain areas of the known Waterberg deposit into the measured category of confidence. Further work will also be done for mill design optimization, infrastructure design and location planning and capital cost and operating cost estimating and optimization. Outlook The Company's key business objectives for calendar 2016 continue to be the completion of critical underground development and production ramp up at the Maseve Mine and to advance the Waterberg Project. The Company plans to focus management effort and the cash on hand to increase production at the Maseve Mine, in line with the mine plan. Development work and mining in Blocks 12, 11, 10 and 9 in the North Mine and Block 16 in the South Mine are key to the mining plans and ramp up of production for the Maseve Mine. About Platinum Group Metals Ltd. Platinum Group Metals Ltd., based in Johannesburg, South Africa and Vancouver, Canada, has a successful track record with more than 20 years of experience in exploration, mine discovery, mine construction and mine operations. Formed in 2002, Platinum Group holds significant mineral rights in the Bushveld Igneous Complex of South Africa, which is host to over 70% of the world's primary platinum production. The Company is currently focused on ramping up the Maseve Mine, its first near-surface platinum mine, to commercial production. Platinum Group has expanded its exploration efforts on the North Limb of the Bushveld Complex on the Waterberg Project. Waterberg represents a new bulk type of platinum, palladium and gold deposit that is being studied for potential mechanized mining. Qualified Person R. Michael Jones, P.Eng., the Company's President, Chief Executive Officer and a significant shareholder of the Company, is a non-independent qualified person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects and is responsible for preparing the technical information contained in this news release. On behalf of the Board of Platinum Group Metals Ltd. R. Michael Jones, President and CEO Disclosure The securities described herein will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. The Toronto Stock Exchange and the NYSE MKT LLC have not reviewed and do not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management. This press release contains forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of U.S. securities laws (collectively "forward-looking statements"). Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, schedule, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding the construction, development and ramp up of the Maseve Mine (also known as Project 1 of the former Western Bushveld Joint Venture); operational, production and economic projections with respect to the Maseve Mine; future activities at and reports regarding Waterberg and the funding of such activities; the effectiveness of the Sprott and LMM amendments and the issuance of shares or payment of cash pursuant to such amendments; trends in metal prices; the Company's overall capital requirements and future capital raising activities, including the Company's discussion with Lenders regarding a possible increase to existing loan facilities, which may not be successful; and other plans and estimates regarding exploration, studies, development, construction and production on the Company's properties, other economic projections and the Company's outlook. Statements of mineral reserves and mineral resources and descriptions of mineralization also constitute forward-looking statements to the extent they represent estimates of mineralization that will be encountered on a property and/or estimates regarding future costs, revenues and other matters. Although the Company believes the forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including: the Company's capital requirements may exceed its current expectations; the uncertainty of operational and economic projections; the ability to obtain TSX and NYSE MKT approval of the contemplated share issuances; the ability of the Company to negotiate and complete future funding transactions; variations in market conditions; the nature, quality and quantity of any mineral deposits that may be located; metal prices; other prices and costs; currency exchange rates; the Company's ability to obtain any necessary permits, consents or authorizations required for its activities; the Company's ability to produce minerals from its properties successfully or profitably, to continue its projected growth, or to be fully able to implement its business strategies; and other risk factors described in the Company's Form 40-F annual report, annual information form and other filings with the Securities and Exchange Commission and Canadian securities regulators, which may be viewed at www.sec.gov and www.sedar.com, respectively.





R. Michael Jones, President
or Kris Begic, VP, Corporate Development
Platinum Group Metals Ltd., Vancouver
(604) 899-5450 / Toll Free: (866) 899-5450
www.platinumgroupmetals.net




Read more...

Ratios

vs
industry
vs
history
PB Ratio 0.28
PLG's PB Ratio is ranked higher than
97% of the 1350 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 1.96 vs. PLG: 0.28 )
Ranked among companies with meaningful PB Ratio only.
PLG' s PB Ratio Range Over the Past 10 Years
Min: 0.2  Med: 3.88 Max: 12.61
Current: 0.28
0.2
12.61
EV-to-EBIT -21.98
PLG's EV-to-EBIT is ranked lower than
99.99% of the 494 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 15.72 vs. PLG: -21.98 )
Ranked among companies with meaningful EV-to-EBIT only.
PLG' s EV-to-EBIT Range Over the Past 10 Years
Min: -60.86  Med: -10.9 Max: 0
Current: -21.98
-60.86
0
EV-to-EBITDA -23.74
PLG's EV-to-EBITDA is ranked lower than
99.99% of the 538 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 10.18 vs. PLG: -23.74 )
Ranked among companies with meaningful EV-to-EBITDA only.
PLG' s EV-to-EBITDA Range Over the Past 10 Years
Min: -66  Med: -11.1 Max: 0
Current: -23.74
-66
0
Current Ratio 0.57
PLG's Current Ratio is ranked lower than
66% of the 1512 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 2.11 vs. PLG: 0.57 )
Ranked among companies with meaningful Current Ratio only.
PLG' s Current Ratio Range Over the Past 10 Years
Min: 0.53  Med: 5.03 Max: 77.96
Current: 0.57
0.53
77.96
Quick Ratio 0.57
PLG's Quick Ratio is ranked lower than
57% of the 1512 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 1.71 vs. PLG: 0.57 )
Ranked among companies with meaningful Quick Ratio only.
PLG' s Quick Ratio Range Over the Past 10 Years
Min: 0.53  Med: 5.03 Max: 77.96
Current: 0.57
0.53
77.96

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -30.20
PLG's 3-Year Average Share Buyback Ratio is ranked lower than
70% of the 1139 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: -15.10 vs. PLG: -30.20 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
PLG' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -81.6  Med: -30.2 Max: 36.1
Current: -30.2
-81.6
36.1

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 0.28
PLG's Price-to-Tangible-Book is ranked higher than
97% of the 1312 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 2.08 vs. PLG: 0.28 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
PLG' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.27  Med: 2.09 Max: 38.08
Current: 0.28
0.27
38.08
Earnings Yield (Greenblatt) % -4.55
PLG's Earnings Yield (Greenblatt) % is ranked higher than
55% of the 1532 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: -4.13 vs. PLG: -4.55 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
PLG' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -8.22  Med: 0 Max: 0
Current: -4.55
-8.22
0

More Statistics

EPS (TTM) $ -2.03
Beta3.17
Short Percentage of Float0.00%
52-Week Range $0.51 - 3.46
Shares Outstanding (Mil)148.46

Analyst Estimate

Aug17 Aug18 Aug19
Revenue (Mil $)
EPS ($) -0.08 -0.01 0.05
EPS without NRI ($) -0.08 -0.01 0.05
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
» More Articles for PLG

Headlines

Articles On GuruFocus.com
Platinum Group Metals Ltd. Announces Increase to Sprott Credit Facility Oct 12 2016 
Platinum Group Metals Ltd. Announces Filing of Preliminary Base Shelf Prospectus Oct 05 2016 
Platinum Group Metals Ltd.: Corporate Update Sep 19 2016 
Pilot Gold-RC/Core Drill Results, Goldstrike Oxide Gold Project-Utah Jun 27 2016 
Pilot Gold - RC/Core Drill Results, Goldstrike Oxide Gold Project - Utah Jun 17 2016 
Pilot Gold Acquires Mineral Gulch Project, Former Black Pine Heap Leach Gold Mine, Idaho Jun 16 2016 
Platinum Group Metals Ltd. Announces More High Grade, Thick Platinum and Palladium Intercepts at Wat May 31 2016 
Platinum Group Metals Closes Public Offering of Common Shares May 26 2016 
Pilot Gold Reports Voting Results From Annual Meeting May 25 2016 
Pilot Gold - RC/Core Drill Results, Goldstrike Oxide Gold Project - Utah May 24 2016 

More From Other Websites
Platinum Group Metals Ltd. Waterberg Project Joint Venture Advances Aug 04 2017
Platinum Group Metals Ltd. Operational and Strategic Process Update Jul 31 2017
Platinum Group reports 3Q loss Jul 17 2017
Platinum Group Metals Reports Third Quarter 2017 Results Jul 17 2017
Platinum Group Metals Ltd. Restructures Maseve Platinum Mine Jul 07 2017
Platinum Group Metals Announces Closing of Private Placement of US$20 Million 6 7/8% Convertible... Jun 30 2017
Platinum Group Metals Announces Private Placement of US$20 Million 6 7/8% Convertible Senior... Jun 27 2017
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Platinum Group Metals Reports on Waterberg Definitive Feasibility Work Jun 15 2017
Platinum Group Metals Reports on Maseve Mine Operations Jun 09 2017
Platinum Group Metals Ltd. Appoints SFA Oxford Ltd. to Assess Downstream Options for the Waterberg... May 15 2017
Platinum Group Metals Closes US$20.0 Million Bought Deal Financing Apr 26 2017
Platinum Group Metals Announces US$20 Million Bought Deal Financing Apr 18 2017
Platinum Group Metals Reports Second Quarter 2017 Results Apr 17 2017
Platinum Group Metals Ltd. Reports on Progress at Waterberg Platinum and Palladium Project Apr 03 2017
Platinum Group Metals Announces Positive Results of Annual General Meeting of Shareholders Feb 24 2017
Platinum Group Metals Closes US$28.75 Million Bought Deal Financing Including Full Exercise of... Jan 31 2017

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