Introduction to Sylvania Platinum, a unique and differentiated PGM producer

Published on 3 March 2022

In this video, Jaco Prinsloo, Sylvania’s managing director, introduces this unique junior PGM producer, which generates its revenue in large part by extracting platinum group metals (PGMs) from its six chrome tailings and other mine dumps. In addition to its mine dump operations, the company has a number of exploration assets in the northern limb of the Bushveld Complex in South Africa. Jaco highlights that Sylvania has no underground mine exposure and has grown its production capacity to 70,000–75,000oz per year. The company takes pride in its operational standards, active shareholder interaction and in returning value to shareholders. He discusses some production issues experienced in H122 (Sylvania has a June year-end) and how they are successfully being negotiated. He delves into the unique metal mix produced by the company, with higher-than-normal exposure to rhodium, iridium, ruthenium and nickel, all of which are benefiting from increased demand and higher prices. He also highlights that Sylvania is one of only two South African PGM producers that have taken the active step of declaring windfall dividends to share their successes in generating profits and cash with investors and he details Sylvania’s dividend policy going forward. Sylvania has its operations in South Africa but is listed on AIM with a market capitalisation of £284m.

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