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Pin to quick picksSylvania Platinum Share News (SLP)

Share Price Information for Sylvania Platinum (SLP)

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Share Price: 69.00
Bid: 68.00
Ask: 70.00
Change: 0.10 (0.15%)
Spread: 2.00 (2.941%)
Open: 69.00
High: 69.00
Low: 68.80
Prev. Close: 68.90
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Solid earnings for Sylvania platinum, but weak ZAR hurting

Mon, 08th Feb 2016 12:23

(ShareCast News) - Sylvania Platinum was looking at solid earnings in its interim results to 31 December 2015 on Monday, but the weakness of South Africa's currency was hurting its cash reserves.The AIM-traded firm saw group adjusted EBITDA lift 59% to $3.61m (£2.5m). Its Sylvania Dump Operations (SDO) capital expenditure was down 60% to $0.72m, and General and Administration charges were down 25% to $1.19m.SDO production for the period was 29,519 ounces, up from 26,246 ounces in the previous corresponding period. Group cash costs were down 17% to $508 per ounce, and there were no lost time injuries.The company's Steelpoort operation achieved the significant milestone of eight years without a lost time injury during the period as well.Sylvania Platinum reiterated its intention to sell the chrome resource at Grasvally, and had appointed an international agent to handle the marketing of it."It is as yet too early to comment on the intended marketed cost of the deposit however; more information on the sale process will be published as it becomes available", the company's board said in a statement.As at 31 December, Sylvania Platinum had cash and cash equivalents of $5.1m, reducing by 37% through the half-year."With most of the cash generated and held in South African Rand, the weakening of the rand against the US Dollar ... had a significant impact on the cash balance", the board explained.During the half, Sylvania Platinum repurchased 6,183,974 shares and placed them in treasury to be awarded to senior management based on the attainment of performance criteria. At 1231 GMT, shares in the company were trading at 7.63p.
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26 Nov 2018 14:39

Sylvania Platinum shareholders approve maiden dividend

(Sharecast News) - Sylvania Platinum confirmed on Monday that at its annual general meeting on Friday, shareholders approved a maiden dividend for the year ended 30 June of 0.35p per share.

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31 Oct 2018 12:15

Sylvania Platinum Revenue Drops In First Quarter As Production Slows

LONDON (Alliance News) - Sylvania Platinum Ltd said Wednesday its revenue in the first quarter dropped alongside the amount of platinum produced.For the three months ended September, 12% to

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28 Aug 2018 13:05

Tuesday broker round-up

(Sharecast News) - John Laing Group: RBC Capital Markets downgrades to sector perform with a target price of 330p.

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28 Aug 2018 10:46

Sylvania Platinum Declares Maiden Dividend Amid Annual Profit Rise

LONDON (Alliance News) - Sylvania Platinum PLC on Tuesday declared a maiden dividend for its recently ended financial year as profit and revenue rose during the period.The platinum group it

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30 Apr 2018 15:57

Sylvania Platinum Reports Drop In Quarterly Earnings Amid Higher Costs

LONDON (Alliance News) - Sylvania Platinum Ltd on Monday said that higher operating costs and lower platinum group metals production led to a 59% quarter-on-quarter drop in net profit for the of a

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14 Feb 2017 13:03

Sylvania Platinum earnings triple in first half

(ShareCast News) - Sylvania Platinum posted its interim financial results for the six months to 31 December on Tuesday, with group EBITDA has increasing to $9.22m from $3.61m in the first half of the prior year. The AIM-traded company said net profit increased to $4.52m from $0.28m and revenue impro

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30 Aug 2016 16:27

Cost-cutting boosts bottom-line at Sylvania Platinum

(ShareCast News) - Platinum Group Metals (PGM) producer Sylvania Platinum posted improved profits on a before and after tax basis as cost-cutting took the sting out of a drop in the company´s rate of top-line growth. Sylvania dump operations achieved a record production level for a third year in a r

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29 Jul 2016 12:06

Sylvania reaches record production in fourth quarter

(ShareCast News) - Low-cost platinum group metal processor and developer Sylvania Platinum announced its results for the quarter ended 30 June on Friday, from its production and development operations in the Bushveld region of South Africa. The AIM-traded firm said Sylvania Dump Operations produced

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26 Apr 2016 10:09

Sylvania Platinum Raises Full Year Ounce Production Estimates

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8 Feb 2016 10:48

Sylvania Platinum Sees Steep Drop In Profit As Production, Prices Fall

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28 Jan 2016 11:25

Sylvania Platinum Sees Production, Revenue Rise In Second Quarter

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28 Oct 2015 09:03

Sylvania Revenue Hit By Lower Production And Lower Platinum Prices

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26 Oct 2015 16:13

AGM, EGM Calendar - Week Ahead

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24 Aug 2015 12:31

UPDATE: Sylvania Platinum Warns Of Hit To First Quarter Production

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