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Sylvania sees profits dip on lower prices

The combination of lower PGM prices and a drop in production triggered a slump in net profit for South Africa-focused Sylvania Platinum in the June quarter.

Tom Hoskyns
Sylvania's Doornbosch operations in South Africa

Sylvania's Doornbosch operations in South Africa

Net profit fell 64% quarter-on-quarter to US$14,739, with the company's average PGM basket price down 11% qoq and total 4E production down 6% to 16,289oz. The results also showed a 14% increase in direct...

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