Sylvania Platinum Posts Record PGM Output, Triples Profit, Shares Rise 5%
Sylvania Platinum (SLP) reported FY2026 results with record 95,885 oz of platinum group metals (PGM) output, a 229% jump in net profit to $66.4 m, and a 60% rise in average basket price. The company lifted its dividend, launched a $1.5 m buyback, and shares gained 5.1% in early trade.
Sylvania Platinum (SLP) reported FY2026 results with record 95,885 oz of platinum group metals (PGM) output, a 229% jump in net profit to $66.4 m, and a 60% rise in average basket price. The company lifted its dividend, launched a $1.5 m buyback, and shares gained 5.1% in early trade.
The strong results and higher basket prices are likely to lift short‑term demand and support spot prices for platinum, palladium and rhodium. Traders may view the company’s performance as a bullish catalyst for the PGM basket, while the modestly lower FY2027 guidance may temper expectations for sustained upside.