Eastern Platinum reports reduced net loss and costs in its first quarter of 2026

Eastplats derives its income from processing PGM and chrome concentrates at the Crocodile River Mine.

JSE and Toronto-listed Eastern Platinum reduced its attributable net loss to $4.1 million (R69.2m) in the first three months of its year to March 31, from a $6.9m loss a year before.

The mining company said on Friday that the decrease in loss was largely due to lower overall production costs incurred at the Crocodile River Mine (CRM).

Revenue for the first quarter decreased to $13.8m from $14.8m, representing a $1m or -6.8% decrease.

Mine operating income increased by $5.4m to $0.7m in the quarter, up from a $4.7m mine operating loss previously. Gross margin increased from -31.6% in the first quarter of 2025 to 4.8% in the same period this year, a significant turnaround.