JOHANNESBURG (miningweekly.com) – Aim-listed Sylvania Platinum has exceeded its targeted production of 10 500 oz by achieving an all-time production record of 10 768 oz for the third quarter ended March.

The miner on Tuesday reported that the quarterly production results supported the yearly outlook of 40 000 oz for the financial year to June, aided by the ramp-up of its dump operations.

Sylvania earlier this month said the ramp-up would continue into the next financial year, when the company expected to achieve full capacity production volume of 60 000 oz/y.

Deputy CEO Nigel Trevarthen said all Sylvania's five operating plants had shown improvements and continued to outperform targeted production rates.

“We look forward to reporting further progress with production data, as well as a full overview of exploration developments at our upcoming quarterly results, due at the end of April,” he noted.

Sylvania had also progressed well with its near-surface exploration programme at its new Volspruit mine, with bulk sampling, Mintec float test results and direct-current smelting trial prefeasibility results all under way.

Exploration work at the Northern Limb assets was also advancing well.

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