Platinum Group Metals FY26 Q3 net loss narrows to USD 2.88 million
PLG•Nine-month net loss narrows
Platinum Group Metals posted a net loss of USD 2.88 million for the nine months ended May 31, 2026, narrowing from USD 3.4 million a year earlier.
Basic and diluted loss per share improved to USD 0.02 from USD 0.03 in the prior-year period.
Project work advances at T-Zone
Project work advanced with a 14-hole T-Zone metallurgical drilling program. About 398 kg of ore was collected, with flotation testing planned.
Waterberg spending and capitalized costs
Waterberg spending totaled about USD 1.8 million before partner reimbursements, lifting accumulated capitalized net costs to USD 55.2 million at May 31.
Finance income rises while expenses edge higher
Finance income climbed to USD 0.97 million from USD 0.14 million year over year, while general and administrative expense rose to USD 2.88 million from USD 2.78 million.
