Despite reaching production vein, PTM lowers guidance again as stoping delays weigh

South Africa-focused miner Platinum Group Metals (PTM) has again lowered its production guidance for the first year of operations at its Maseve mine, in South Africa, citing a delay in ramping up stoping tonnes. Despite monthly output at Maseve increasing to 1 893 oz of platinum, palladium, rhodium and gold (4E), as well as associated copper and nickel in concentrate, the Vancouver-based company lowered its guidance for concentrate production – on a 100% project basis from April 2016 to April 2017 – from 110 000 oz 4E to 91 500 oz 4E.