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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.

Sylvania sees profits dip on lower prices Sylvania sees profits dip on lower prices Sylvania sees profits dip on lower prices Sylvania sees profits dip on lower prices Sylvania sees profits dip on lower prices

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.