Sylvania Platinum (LSE:SLP) reported record 4E platinum group metals production of 95,885 ounces for FY2026, supported by output from its dump operations and the ramp-up of the Thaba Joint Venture.
The Thaba JV also produced 50,317 tonnes of attributable chrome concentrate during the financial year.
Sylvania commissioned a centralised PGM filtration plant and new tailings facilities during the period. The company also progressed its Aurora Project, including a 4,000-metre drilling programme.
Revenue Rises to $226.3 Million
Net revenue more than doubled year on year to $226.3 million, while EBITDA increased to $114.2 million.
Net profit reached $66.4 million, with the company attributing the year-on-year improvement in financial performance partly to a higher PGM basket price.
Sylvania ended the period with cash of $67.2 million and no debt.
The group declared a total dividend of six pence per share for the financial year and also carried out share buybacks.
Sylvania Targets Up to 95,000 PGM Ounces in FY27
For FY2027, Sylvania is targeting PGM production of up to 95,000 ounces and chrome production of up to 140,000 tonnes.
These figures represent the company’s current production targets and remain subject to operational performance during the financial year.
Sylvania Platinum Operations
Sylvania Platinum is an AIM-listed producer of platinum group metals and chrome in South Africa.
Its operations include the Sylvania Dump Operations and the Thaba Joint Venture, with activities covering tailings retreatment and concentrate production. Its portfolio also includes the Aurora exploration project.
The company continues to invest in infrastructure including tailings facilities and filtration capacity alongside its exploration and development activities.
Leave a Reply