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PGM sells Maseve, shares drop

Platinum Group Metals (CN: PTM) is cutting bait with its troubled Maseve mine South Africa, and will sell it for Royal Bafokeng Platinum Limited (DE:7BF) for US$74 million.

Cameron French
PGM's mill at Maseve in South Africa

PGM's mill at Maseve in South Africa

Vancouver-based PGM’s shares have been steadily sliding over the past year as Maseve has dealt with construction delays, rising costs, and a decision to switch contractors part-way through construction....

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