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Last 75.00
Change Today -3.00 / -3.85%
Volume 215.1K
WEZ On Other Exchanges
As of 11:00 AM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

wesizwe platinum ltd (WEZ) Snapshot

Previous Close
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52 Week High
06/18/14 - $160.00
52 Week Low
03/27/15 - $61.00
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Current Stock Chart for WESIZWE PLATINUM LTD (WEZ)

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wesizwe platinum ltd (WEZ) Details

Wesizwe Platinum Limited is engaged in the exploration and development of mineral properties in the Republic of South Africa. The company primarily explores for platinum, palladium, rhodium, and gold. Its principal property includes the Bakubung Platinum Mine located in the western limb of the Bushveld Igneous Complex in the North West Province of the Republic of South Africa. The company was incorporated in 2003 and is headquartered in Johannesburg, the Republic of South Africa.

71 Employees
Last Reported Date: 04/1/15
Founded in 2003

wesizwe platinum ltd (WEZ) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: R5.3M
Finance Director, Executive Director and Chai...
Total Annual Compensation: R3.4M
Chief Operating Officer
Total Annual Compensation: R3.8M
Company Secretary
Total Annual Compensation: R1.6M
Human Resources Executive
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

wesizwe platinum ltd (WEZ) Key Developments

Wesizwe Platinum Ltd. Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2014

Wesizwe Platinum Ltd. announced audited consolidated earnings results for the year ended December 31, 2014. For the year, the company reported net finance income was ZAR 21,046,000 against ZAR 18,895,000 a year ago. Loss before tax was ZAR 170,388,000 against ZAR 11,354,000 a year ago. Loss for the year other comprehensive income was ZAR 263,204,000 against ZAR 9,011,000 a year ago. Diluted loss per share was 16.17 cents against 0.55 cents a year ago. Cash utilised in operating activities was ZAR 21,523,000 against ZAR 10,182,000 a year ago. Acquisition of property, plant and equipment as a result of increase in operations was ZAR 709,327,000 against ZAR 829,673,000 a year ago. Acquisition of intangible assets was ZAR 7,827,000. Headline loss was ZAR 10,803,526 against ZAR 10,721,624 a year ago. Headline diluted loss per share was 0.66 cents against 0.66 cents a year ago.

Wesizwe Platinum Ltd. Provides Earnings Guidance for the Year Ended December 31, 2014

The board of directors of Wesizwe Platinum Ltd. announced to shareholders that the company expects to report a basic loss per share attributable to ordinary shareholders for the year ended December 31, 2014 of between 16.17 cents and 16.23 cents per share, compared to a basic loss per share of 0.55 cents per share for the previous comparable period. A headline loss per share attributable to ordinary shareholders for the year ended December 31, 2014 is expected to be between 8.18 cents and 8.24 cents per share, compared to a headline loss per share of 0.66 cents for the previous comparable period.

Wesizwe Seeks Sale Of Maseve Mining Stake

Wesizwe Platinum Ltd. (JSE:WEZ) wants to sell its 17% stake in the neighbouring Maseve mining project, owned by Canada's Platinum Group Metals Ltd. (TSX:PTM).


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