30 April 2021 | 14:26pm
StockMarketWire.com - Sylvania Platinum has reported a net profit of $41.3 million (£29.76 million) for the quarter ended 31 March 2021.
Company CEO, Jaco Prinsloo said: I am pleased with the reported PGM production of 17,420 ounces for Q3 which is historically a lower production quarter for the Group during Sylvania s financial year. This performance is in line with management projections and the Group remains on track to produce approximately 70,000 ounces for the current financial year.
Production rates were 5% lower than the previous quarter.
Pinsloo added: The Group has benefited from a strong PGM basket price, boosted by the high rhodium price as well as the recent performance of both iridium and ruthenium which contributed to the record profits for the quarter.
Press release content from Business Wire. The AP news staff was not involved in its creation.
South Africa Precious Metals and Minerals Mining Market Report 2020: Gold and Uranium & Platinum and Diamonds - ResearchAndMarkets.com
March 8, 2021 GMT
DUBLIN (BUSINESS WIRE) Mar 8, 2021
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This report focuses on the Mining of Precious Metals and Minerals - Gold and Uranium, Platinum and Diamonds, and includes comprehensive information on production, exports, costs, commodity prices and other influencing factors, as well as corporate actions and regulatory and other developments in the sector.
There are profiles of 35 companies including major gold producers such as AngloGold Ashanti, Sibanye-Stillwater, Harmony and Gold Fields, platinum-group metal players such as Anglo American Platinum, Impala, Northam, Mmakau and Royal Bafokeng and diamond miners Petra Diamonds and De Beers.
22 February 2021 | 09:18am
StockMarketWire.com - Platinum group metals producer Sylvania Platinum posted a 70% rise in first-half profit and upped its dividend after it benefited from higher metal prices.
Net profit for the six months through December increased to $40.5 million, up from $23.9 million year-on-year, as revenue jumped 44% to $85.2 million.
The company achieved an average gross platinum group metal basket price of $3,184 an ounce, up from $1,830 in 2019.
It declared a final dividend of 1.6p per share, up from 0.78p year-on-year, plus an additional windfall dividend of 3.75p. The production teams are to be commended for their resilience as they successfully navigated through the second wave of Covid-19 in South Africa, chief executive Jaco Prinsloo said said.
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