[miningmx.com] — MINING exploration and development company JUBILEE PLATINUM PLC, which is listed on London’s AIM and the JSE, on Monday reported a full year headline loss of £1.35 compared to £1.12 previously.
The loss for the year to end June 2010 amounted to £2.2m from £4.8m in the year to end June 2009.
The company said the platinum price was “very resilient” during the period under review and it expects to see “a marked increase in prices as car production gets back to normal levels”.
Purchasing managers are beginning to restock and this will put upward pressure on prices as the supply side of the industry addresses its challenges of mining, smelting and cost management, Jubilee said.
