SLV 0.00% 74.5¢ sylvania resources limited

Yes, a great Quarterly indeed, Ormond...and just astonishing to...

  1. 4,046 Posts.
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    Yes, a great Quarterly indeed, Ormond...and just astonishing to see the shareprice getting whacked as it has. This Company is delivering brilliantly, but the market is in a 'capitulation' phase, and just totally lost all sense.

    Keep your wits, people.

    Here are the Quarterly highlights for those interested:


    Production, cost and pre-tax profit improvements
    for third consecutive quarter

    Highlights

    • 30% increase in total PGM production to 6 264oz
    • 10% decline in total cash operating costs to R2 591/oz (US$327/oz)
    • 54% increase in total pre-tax profit to R86.6 million
    • Sylvania Dump Operations (SDO) drive improvements
    • Millsell, Steelpoort plants fully operational
    • 36% increase in PGM production to 5 753oz
    • 15% decline in cash operating costs to R2 436/oz (US$308/oz)
    • Faster SDO production build-up expected from Mooinooi plant expansion to 70 000tpm

 
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Currently unlisted public company.

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