Sylvania Platinum Limited have annouced an Interim dividend for FY2025 of 0.75 pence per Ordinary Share declared in February 2025 and paid in April 2025 post-Period end.
Other financial highlights include:
- Sylvania Dump Operations ("SDO") produced 20,490 4E (26,358 6E) PGM ounces in Q3 FY2025, a 1% increase in 4E PGM ounces for the Quarter (Q2 FY2025: 20,238 4E (26,373 6E) PGM ounces);
- SDO recorded $26.3 million net revenue for the Quarter, a 2% increase quarter-on-quarter (Q2 FY2025: $25.7 million);
- Group EBITDA of $6.5 million, a 4% decrease for the Quarter (Q2 FY2025: $6.7 million);
- Cash balance as at 31 March 2025 of $71.2 million (31 December 2024: $77.5 million) which is in line with expectations;
- Comprehensive employee training and induction undertaken at Thaba Joint Venture ("Thaba JV") project in preparation for the start-up and commissioning of the plant, which is due to commence first production of chrome in May 2025 and PGMs in June 2025;
- Lannex achieved five years lost-time injury ("LTI")-free, Doornbosch achieved four years without any injuries and remains 12 years LTI-free, and Lesedi achieved two years without an LTI;
- The external processing test work report for the Volspruit Project was received during the Quarter and confirmed previous results and provided further detail on the metallurgical characteristics of the ore blend for the life of mine; an
