Sylvania’s end March 2022 cash balance improved by 25.5% to US$138m and Q322 revenue increased by 17% as a result of higher platinum group metal (PGM) prices. Production improvement was slower than expected, which put pressure on unit costs over the quarter. Most of the operational issues of Q322 have now been or are almost resolved, with the company expecting a ‘significant increase’ in production in the fourth quarter. The Lesedi plant is back in full production and the Mooinooi plant’s run-of ....
06 May 2022
Sylvania Platinum - Forecasts unchanged and outlook improved
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Sylvania Platinum - Forecasts unchanged and outlook improved
Sylvania Platinum Ltd. (SLP:LON) | 65.5 -0.3 (-0.8%) | Mkt Cap: 171.3m
- Published:
06 May 2022 -
Author:
Lord Ashbourne -
Pages:
7
Sylvania’s end March 2022 cash balance improved by 25.5% to US$138m and Q322 revenue increased by 17% as a result of higher platinum group metal (PGM) prices. Production improvement was slower than expected, which put pressure on unit costs over the quarter. Most of the operational issues of Q322 have now been or are almost resolved, with the company expecting a ‘significant increase’ in production in the fourth quarter. The Lesedi plant is back in full production and the Mooinooi plant’s run-of ....