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Eastplats narrows losses as production ramps up, sets sights on 2026 growth
Cape Times
|April 02, 2026
EASTERN Platinum (Eastplats) has reported a marked improvement in its fourth-quarter performance for 2025, buoyed by stronger production and higher platinum group metals (PGM) sales, even as full-year losses widened due to project impairments and liquidity pressures.
EASTPLATS derives its income from processing PGM and chrome concentrates at the Crocodile River Mine.
(SUPPLIED)
The company, which operates the Crocodile River Mine (CRM) in South Africa’s Bushveld Complex, on Wednesday said that revenue for the fourth quarter of 2025 rose 31.2% to $22.3 million, compared with $17.0m in the same period a year earlier.
This growth was driven primarily by increased PGM production and sales, alongside improved operational efficiencies at its Zandfontein underground section.
Mine operating income showed a dramatic turnaround, shifting from a loss of $7.9m in Q4 2024 to a profit of $6.3m in Q4 2025. Gross margins improved significantly to 28.2% from a negative 46.2%, reflecting both higher output and better cost management.
For the full year, mine operating income more than doubled to $1.7m.
Despite this operational progress, Eastplats remained in the red.
This story is from the April 02, 2026 edition of Cape Times.
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