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Last C$0.04 CAD
Change Today -0.01 / -22.22%
Volume 2.6K
As of 12:15 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

atlatsa resources corp (ATL) Snapshot

Open
C$0.04
Previous Close
C$0.05
Day High
C$0.04
Day Low
C$0.04
52 Week High
08/12/14 - C$0.47
52 Week Low
07/30/15 - C$0.04
Market Cap
19.4M
Average Volume 10 Days
17.0K
EPS TTM
C$-0.05
Shares Outstanding
554.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ATLATSA RESOURCES CORP (ATL)

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atlatsa resources corp (ATL) Details

Atlatsa Resources Corporation mines and explores for platinum group metal properties in South Africa. The company primarily explores for platinum, palladium, rhodium, gold, copper, and nickel. It holds interests in the Bokoni Mine property covering an area of 19,123.16 hectares located in the Sekhukhuneland district of the Limpopo province; and the Platreef project comprising the Central Block, the Rietfontein Block, and the Kwanda project, which are located on the Northern Limb of the Bushveld Igneous Complex in South Africa. The company was formerly known as Anooraq Resources Corporation. Atlatsa Resources Corporation was incorporated in 1983 and is based in Vancouver, Canada. Atlatsa Resources Corporation is a subsidiary of Atlatsa Holdings Investments Proprietary Limited.

3,571 Employees
Last Reported Date: 05/15/15
Founded in 1983

atlatsa resources corp (ATL) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: C$498.9K
Executive Chairman and Managing Director
Total Annual Compensation: C$501.2K
Chief Financial Officer
Total Annual Compensation: C$52.1K
Chief Commercial Officer and Executive Direct...
Total Annual Compensation: C$415.1K
Head of Investor Relations
Total Annual Compensation: C$94.4K
Compensation as of Fiscal Year 2014.

atlatsa resources corp (ATL) Key Developments

Atlatsa Resources Corporation Announces Voluntary Delisting From The NYSE MKT

Atlatsa Resources Corporation announced its intention to file a Form 25 (Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities Exchange Act of 1934) with the U.S. Securities and Exchange Commission (the "SEC") to voluntarily withdraw its common shares from listing on the NYSE MKT. The Company expects to file the Form 25 on July 20, 2015. The Company expects the delisting will be effective approximately 10 days following the filing of the Form 25. The voluntary delisting is part of Atlatsa's on-going cost containment measures and is intended to simplify the administrative requirements of the Company, and to reduce listing fees and legal and administrative costs associated with the listing of the common shares on three separate stock exchanges. In addition, the Company considered the fact that the NYSE MKT listing rules with respect to the maintenance of a minimum share price could require the Company to undertake certain corporate or other actions primarily to meet such requirements, which may not be in the best interest of the Company or its shareholders. Therefore, the Board of Directors determined that the compliance obligations, costs and burdens of maintaining a listing of the common shares on the NYSE MKT outweigh the benefits to the Company at this time. Atlatsa's common shares will continue to be listed on the Toronto Stock Exchange (the "TSX") and the JSE Limited, two of the world's premier stock exchanges for mining companies.

Atlatsa Resources Corporation - Shareholder/Analyst Call

Annual General Meeting

Atlatsa Resources Corporation Announces Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2015

Atlatsa Resources Corporation announced unaudited consolidated earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of CAD 52,311,000 against CAD 53,831,000 a year ago. Cash operating loss was CAD 2,814,000 against cash operating profit of CAD 2,972,000 a year ago. LBITDA was CAD 3,419,000 against EBITDA of CAD 486,000 a year ago. Loss attributable to company shareholders was CAD 8,869,000 or 2 cent per basic and diluted share against CAD 4,877,000 or 1 cent per basic and diluted share a year ago. Total capital expenditure was CAD 3.8 million against CAD 11.2 million for the same period a year ago. The company reported operating activities generating cash of CAD 0.9 million in the first quarter of 2015, compared to CAD 27.1 million utilised by operations in the first quarter of 2014. For the quarter, tonnes milled at the mine decreased by 4.4% to 372,896 tonnes, resulting in flat production of 42,875 4E PGM ounces compared to 42,820 4E PGM ounces during the first quarter of 2014. This slight decrease is as a result of safety stoppages at the mine, frequent cuts in electricity supply as well as lower production from the Klipfontein opencast mine. Primary development decreased by 18.3% quarter-on-quarter to 2,195 metres as planned, following a strategic decision to reduce development to a level sufficient to meet Bokoni Mine's stoping flexibility requirements. The current primary development rate is expected to be sufficient to meet the requirements of the mine's growth plan. Recoveries at the concentrator plant decreased by 0.7% to 89.2% and remained constant at 85.8% for the Merensky and UG2 concentrate, respectively. The decrease is as a result of processing of lower grade ore from the opencast operation.

 

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