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Sylvania achieves record FY17 PGM output

Aim-listed Sylvania Platinum has achieved a new yearly production record after another strong quarter pushed output from the Sylvania Dump Operations (SDO) beyond the upper end of the revised 65 000 oz guidance for 2017 to 70 869 oz. The low-cost platinum-group metal (PGM) processor and developer highlighted that it had consistently achieved strong production over the course of the year, with 17 954 oz produced in the fourth quarter, a 5% increase on the previous quarter and the second highest quarterly production achieved by the company.