Platinum Group Metals Ltd. reported its financial results for the fiscal year ended August 31, 2024, on November 27, 2024. The company incurred a net loss of $4.58 million, an improvement from the $5.66 million net loss reported in fiscal year 2023.
General and administrative expenses for the period decreased to $3.42 million from $3.89 million in the prior fiscal year. Share-based compensation also saw a reduction, totaling $1.36 million compared to $1.98 million in fiscal year 2023.
Basic and diluted loss per share improved to $0.05 for the year ended August 31, 2024, compared to $0.06 in the previous fiscal year. This indicates a positive trend in managing operational expenses as the company advances its projects.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.