Sylvania Platinum Navigates Challenges, Pays Dividends

Sylvania Platinum (GB:SLP) has released an update.

Sylvania Platinum Limited, a South African PGM producer, reported Q4 FY2024 results with a slight production decrease to 17,067 4E PGM ounces, while net revenue increased by 2% to $20.6 million compared to the previous quarter. Despite operational disruptions due to a strike and lower ore grades, the company paid out special dividends, maintained strong cash reserves, and is progressing well with its Thaba JV project, aiming to diversify and boost production capacities.

For further insights into GB:SLP stock, check out TipRanks’ Stock Analysis page.