Friday preview: Aquarius Platinum digs out latest results

7th Feb 2013 15:15

South African miner Aquarius Platinum unleashes its latest financial results Friday after reporting an improvement in output during the final quarter of 2012.The company saw attributable production rise 2.0% quarter-on-quarter for last three months of December, according to results published last month.At the time the FTSE 250 firm said it was a challenging quarter during which industrial relations in South Africa remained strained and metal prices remained low. The group also highlights that it remained acutely aware that despite the improvements in production, it continued to consume cash during the quarter. The price improvements and the weakened exchange rate in January were expected to substantially reduce cash consumption and enable the to company to start producing cash at mine level.Platinum spot prices rose 0.06% to $1,737.85 per troy ounce at 15:46 Thursday, according to data on Bloomberg.The company has been under pressure as it mothballed two of its mines in 2012 and saw its increasingly exasperated Chief Executive Officer (CEO), Stuart Murray, resign in October.Platinum gained for a fifth day Thursday on increased concern that supplies will decline from South Africa, which produces of about 73% global output.Friday February 08 INTERIMS Aquarius Platinum Ltd. INTERIM DIVIDEND PAYMENT DATE ICAP, Pinewood Shepperton INTERNATIONAL ECONOMIC ANNOUNCEMENTS Balance of Trade (GER) (07:00) Balance of Trade (US) (13:30) Current Account (GER) (07:00) Factory Orders (GER) (11:00) Retail Price Index (GER) (07:00) Wholesales Inventories (US) (15:00) FINALS Catlin Group Ltd. IMSS Cable & Wireless Communications, Shaftesbury AGMS Grainger, Shaftesbury FINAL DIVIDEND PAYMENT DATE Daily Mail and General Trust 'Ord' Shares, Daily Mail and General Trust A (Non.V), Grainger, Next Fifteen Communications, Smiths News, Unicorn AIM VCT