Sylvania Platinum Limited

Equities

SLP

BMG864081044

Non-Gold Precious Metals & Minerals

Delayed London S.E. Other stock markets 08:53:00 16/07/2024 pm IST			5-day change	1st Jan Change
64.25 ^GBX	+1.18%		+7.75%	-14.93%

11/06	Gemfields picks ex-De Beers chief executive Bruce Cleaver as new chair	AN
01/05	EARNINGS AND TRADING: STV's CEO departure; Nostrum's production up	AN

Sylvania Platinum output up; expects further climb in 2023

January 30, 2023 at 08:20 pm IST

Sylvania Platinum Ltd - Bermuda-based South Africa-focused platinum miner - Dump operations output in the second quarter to December 31 improves quarterly to 19,276 4E platinum group metal ounces, from 19,194 in the first quarter. 4E stands for platinum, palladium, rhodium and gold. Net revenue from dump operations in the second quarter falls to USD37.1 million from USD42.9 million a quarter before. Earnings before interest, tax, depreciation and amortisation from dump operations decreased to USD20.0 million from USD26.4 million. Expects to produce 70,000 to 72,000 4E PGM ounces in financial year 2023 ending in late June, at least 4.4% higher than 67,053 ounces produced in financial year 2022 that ended on June 30. Cash balance falls to USD123.9 million at December 31 from USD138.6 million at September 30. Company will release its half-year results on February 21.

Current stock price: 106.70 pence, up 0.2% on Monday

12-month change: up 12%

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
DOW JONES SOUTH AFRICA(ZAR)	2,146 PTS	-1.09%	+0.80%	-
PALLADIUM	960.9 USD	+1.06%	-2.10%	-
DOW JONES AFRICA TITANS 50 INDEX	503 PTS	-0.04%	+2.31%	-
S&P AFRICA 40 INDEX	170.4 PTS	-0.46%	+2.69%	-
SYLVANIA PLATINUM LIMITED	64.25 GBX	+1.18%	+7.75%	216M

Latest news about Sylvania Platinum Limited

Gemfields picks ex-De Beers chief executive Bruce Cleaver as new chair	11/06	AN
EARNINGS AND TRADING: STV's CEO departure; Nostrum's production up	01/05	AN
Sylvania Platinum Says Guidance For FY Of 74,000 To 75,000 4e Pgm Ounces For FY24 Is Maintained	30/04	RE
Tranche Update on Sylvania Platinum Limited's Equity Buyback Plan announced on March 4, 2024.	30/04	CI
Sylvania Platinum Limited's Equity Buyback announced on March 4, 2024, has expired.	30/04	CI
Mirriad Advertising and EnSilica win deals	04/03	AN
Sylvania Platinum Limited announces an Equity Buyback for $3 million worth of its shares.	04/03	CI
Sylvania Platinum Limited authorizes a Buyback Plan.	04/03	CI
Transcript : Sylvania Platinum Limited, H1 2024 Earnings Call, Feb 22, 2024	22/02
EARNINGS AND TRADING: Galliford wins deals; Sylvania profit down	22/02	AN
AIM WINNERS & LOSERS: Primorus touts possible investor return	22/02	AN
Sylvania Platinum Limited Maintains Production Guidance for the Fiscal Year 2024	22/02	CI
Sylvania Platinum Limited Declares Interim Dividend for First Half Year of Fiscal Year 2024	22/02	CI
Sylvania Platinum Limited Reports Earnings Results for the Half Year Ended December 31, 2023	22/02	CI
Coro seals sale terms, Powerhouse makes good progress	20/02	AN
Sylvania reports updated Bushveld mineral resource estimate	16/02	AN
Sylvania Platinum Updates Mineral Resource Estimates for Volspruit Project in South Africa	16/02	MT
Sylvania Platinum Limited Announces Updated Mineral Resource Estimates for Northern Limb Mineral Assets	16/02	CI
EARNINGS: BSF Enterprise "making great strides", Sylvania ups earnings	31/01	AN
Sylvania Platinum Limited Reports Production Results for the Second Quarter Ended December 31, 2023	31/01	CI
FTSE 100 Ends Three-Day Falling Streak After -2-	09/11	DJ
FTSE 100 Ends Three-Day Falling Streak After Mixed Updates	09/11	DJ
Sylvania Platinum chair to step down, promotes within for successor	09/11	AN
Sylvania Platinum Chair to Step Down; Successor Named	09/11	MT
Sylvania Platinum Limited Announces Management Changes	09/11	CI

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Company Profile

Sylvania Platinum Limited is a producer of platinum group metals (PGM), including platinum, palladium and rhodium with operations located in South Africa. The Companyâs core business is the retreatment of PGM bearing chrome tailings material. The Sylvania Dump Operations (SDO) comprises six chrome beneficiation and PGM processing plants located on both the Eastern and Western Limb of the Bushveld Igneous Complex (BIC), focusing on the retreatment of PGM-rich chrome tailings materials from mines in BIC. The SDO is the PGM producer from chrome tailings re-treatment in the industry. The Company also holds mining rights for PGM projects and a chrome prospect in the Northern Limb of the Bushveld Complex. Volspruit and Grasvally are shallow mining and exploration projects on the northern limb. The Northern Limb Projects include four platinum group metal (PGM) exploration targets in proximity to each other at the extreme north of the northern limb of the Bushveld Igneous Complex.

Sector

Non-Gold Precious Metals & Minerals

Calendar

30/07/2024 - Q4 2024 Earnings Release (Projected)

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Sell

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Mean consensus

BUY

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Last Close Price

1.216 AUD

Average target price

1.652 AUD

Spread / Average Target

+35.79%

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