×

Platinum Group reports 4Q loss

VANCOUVER, British Columbia (AP) _ Platinum Group Metals Ltd. (PLG) on Wednesday reported a loss of $303.8 million in its fiscal fourth quarter.

On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of $2.05. Earnings, adjusted for asset impairment costs, came to 40 cents per share.

For the year, the company reported that its loss widened to $542.4 million, or $4.30 per share.

In the final minutes of trading on Wednesday, the company's shares hit 34 cents. A year ago, they were trading at $1.70.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLG at https://www.zacks.com/ap/PLG