Potential Revenue Breakdown While the announcement doesn't provide exact revenue numbers, we can estimate based on current production data:
- In September, Eastplats produced 1,300 ounces of PGMs. Assuming an average price of $1,000 to $1,500 per ounce, we can estimate:
- 1,300 ounces x $1,000 = $1.3 million USD
- For October, with projected production of 2,000 to 2,500 ounces, the revenue would range from:
- 2,000 to 2,500 ounces x $1,000 = $2 million to $3.75 million USD
As production ramps up to 70,000 tons per month by the end of 2025, annual PGM production could significantly increase, potentially bringing in tens of millions in annual revenue.
This shift towards higher PGM output, with 65% of total revenue expected to come from PGMs by 2026, indicates a substantial boost to the company’s future earnings.