Aim-listed Sylvania Platinum achieved record production of 95 885 oz of platinum, palladium, rhodium and gold (4E) platinum group metals (PGMs) from its Sylvania Dump Operations (SDO) and the Thaba joint venture (JV) for the financial year ended June 30, exceeding original guidance.

Production was also 18% higher than the 81 002 oz of 4E produced in the 2025 financial year.

The Thaba JV was commissioned and ramping up during the year under review. Management will, during full-year 2027, continue to focus on optimising mining efficiency, run-of-mine (RoM) feed quality and plant throughput and processing efficiencies.

Further, Sylvania’s yearly attributable chrome concentrate production of 50 317 t was in line with the revised guidance range.

For the 2027 financial year, Sylvania is targeting production of 85 000 oz to 95 000 oz of 4E and 110 000 t to 140 000 t of attributable chrome concentrate.

Net revenue generated for the period was $226.3-million, a 117% increase year-on-year, while group earnings before interest, taxes, depreciation and amortisation of $114.2-million was 289% higher year-on-year.

Net profit increased by 229% year-on-year to $66.4-million.

The average 4E gross basket price for the period was $2 404/oz.

Sylvania declared a final cash dividend of 4p per ordinary share, resulting in a total dividend of 6p per ordinary share for the full-year.

“The company incurred material planned capital expenditure on expansion and new projects during the year and this will continue into the 2027 financial year. We will prioritise returns to our shareholders alongside our value creation and business sustaining requirements.

“The combination of our strong cash position, operational efficiencies and our lower-cost operations, gives us the flexibility to manage these requirements and to consider external expansion projects as they present themselves,” CEO Jaco Prinsloo says.

During the 2026 financial year, Sylvania bought back about 1.98-million shares from the market and from employees for about $2.4-million.

Sylvania has launched a further share buyback programme to purchase ordinary shares for up to a maximum consideration of $1.5-million.

The purpose of this is to return capital back to shareholders.

The company has instructed Panmure Liberum to execute the buyback, including its irrevocable appointment to purchase shares with absolute discretion during any closed period.