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Sylvania Platinum ( (GB:SLP) ) has provided an announcement.
Sylvania Platinum Limited announced a share buyback of 100,000 ordinary shares, acquired at an average price of 41.50 pence each, now held in Treasury pending cancellation. This strategic move impacts its share capital, reducing the number of shares with voting rights to 260,209,330, potentially enhancing shareholder value and affecting market perception of the company’s stock.
More about Sylvania Platinum
Sylvania Platinum is a cost-effective producer of platinum group metals (PGMs) such as platinum, palladium, and rhodium, with operations in South Africa. The company operates the Sylvania Dump Operations, which includes six chrome beneficiation and PGM processing plants focusing on the retreatment of PGM-rich chrome tailings from the Bushveld Igneous Complex. It is the largest PGM producer from chrome tailings re-treatment in the industry. Additionally, Sylvania is involved in the Thaba Joint Venture, which combines chrome beneficiation and PGM processing, offering a full margin chromite concentrate revenue stream.
YTD Price Performance: -0.72%
Average Trading Volume: 867,805
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £109.4M
Find detailed analytics on SLP stock on TipRanks’ Stock Analysis page.
