Sylvania Q3 results benefit from basket price recovery

April 26, 2016

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Owing to a 10% recovery in the platinum-group metals (PGMs) basket prices in the third quarter ended March 31, low-cost platinum-group metals (PGMs) producer Sylvania Platinum’s revenue increased again, off the back of a double-digit rise in revenue in the previous quarter. With the recovery of the gross basket price, which stood at $860/oz for the quarter compared with the previous quarter’s $785/oz, Sylvania’s revenue increased by 4% in dollar terms to $10.1-million, compared with $9.7-million in the previous quarter. In rand terms, the company’s revenue increase by 16% to R159.7 million, compared with R137.4 million for the three months to December.

Category: General