Sylvania Platinum Expects Direct Operating Costs to Normalize 7%-10% Below First-Quarter Level

By Public Technologies
  • Sylvania Platinum maintained FY2027 production targets of 85,000-95,000 4E PGM ounces and 110,000-140,000 tons of attributable chrome concentrate.
  • First-quarter PGM production reached a record 25,971 ounces; chrome output increased 67% quarter-on-quarter to 29,799 tons.
  • Direct operating costs are expected to normalize 7%-10% below the quarter's USD 32.6 million level.
  • Costs rose 24% during the quarter, driven by an anomalous work-in-progress reversal adjustment not considered indicative of the expected run rate.


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