Morningstar said Aquarius Platinum ’s first-half loss of $US24 million ($26.7 million) came as little surprise, but “indicates the full-year loss will be worse than our prior $15 million forecast".
“We lower our 2014 platinum group metal, or PGM, basket price forecast, following spot price weakness, from $US1300 to $US1100 per ounce, which increases our fiscal 2014 net loss forecast to $US57 million.
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Elise Shaw writes on Markets specialising in Equity Markets, Commodities, Mining. Based in our Sydney newsroom, Elise has over 25 years experience as a finance and markets journalist and editor. Connect with Elise on Twitter.
