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Sylvania Platinum ( (GB:SLP) ) has provided an update.
Sylvania Platinum Limited reported significant growth for the second quarter of FY2025, achieving a 6% increase in 4E PGM production and a 104% rise in EBITDA compared to the previous quarter. The company’s Sylvania Dump Operations produced 20,238 PGM ounces, contributing to a $25.7 million net revenue, while maintaining strong cash reserves to support ongoing projects and shareholder returns. The Thaba Joint Venture is on schedule to commence production, enhancing Sylvania’s portfolio with a chrome revenue stream and further diversifying its operations. The company continues to focus on cost control and operational efficiency, indicating a robust outlook with ongoing developments, including the construction of a centralised PGM filtration plant and maintaining its annual production target.
More about Sylvania Platinum
Sylvania Platinum Limited is a lower-cost producer of platinum group metals (PGMs) including platinum, palladium, and rhodium, operating predominantly in South Africa. The company focuses on the retreatment of PGM-rich chrome tailings materials from mines in the Bushveld Igneous Complex through its Sylvania Dump Operations (SDO), which is the largest PGM producer from chrome tailings re-treatment in the industry. Furthermore, Sylvania has expanded its portfolio by entering into the Thaba Joint Venture, which includes chrome beneficiation and PGM processing plants.
YTD Price Performance: 7.66%
Average Trading Volume: 828,804
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £119.5M
See more data about SLP stock on TipRanks’ Stock Analysis page.
