Sylvania Platinum Ltd

Type: Company
Name: Sylvania Platinum Ltd
Nationality: Bermuda
Web Address: http://www.sylvaniaplatinum.com/
First reported Oct 28 2014 - Updated Oct 28 2014 - 2 reports

Sylvania Platinum Limited Cmn Given Buy Rating at Liberum Capital (SLP)

Sylvania Platinum Limited Cmn (LON:SLP)‘s stock had its “buy” rating reaffirmed by research analysts at Liberum Capital in a report released on Tuesday. They currently have a GBX 20 ($0.32) price target on the stock. Liberum Capital’s target price suggests ... [Published Mideast Time - Oct 28 2014]
First reported Oct 28 2014 - Updated Oct 28 2014 - 1 reports

Research Analysts’ Ratings Reiterations for October, 28th (AFS, ARW, AWI, BG, BLT, CON, CROX, GOLD, HSP, KSS)

Research Analysts’ ratings reiterations for Tuesday, October 28th:Amiad Water Systems (LON:AFS)Arrow Global Group PLC (LON:ARW)Armstrong World Industries (NYSE:AWI)BG Group plc (LON:BG)BHP Billiton plc (LON:BLT)Connemara Mining Company plc (LON:CON)Crocs ... [Published American Banking News - Oct 28 2014]
First reported Oct 28 2014 - Updated Oct 28 2014 - 1 reports

SYLVANIA PLATINUM : On Track For Dividend Payment Despite Lower Prices

LONDON ( Alliance News ) - Sylvania Platinum Ltd Tuesday said it has increased revenue during the first quarter, as higher production offset lower prices caused by the reduction in global demand.The platinum miner also said its cash position remains strong ... [Published 4 Traders - Oct 28 2014]
First reported Oct 28 2014 - Updated Oct 28 2014 - 3 reports

Sylvania posts record quarterly PGM output

JOHANNESBURG (miningweekly.com) – Low-cost platinum group metal (PGM) processor and developer Sylvania Platinum has reported a sixth consecutive quarter of continuous growth, lifting output for the quarter ended September 30 to a record 16 639 oz of ... [Published Mining Weekly - Oct 28 2014]

Quotes

The company reported a cash balance of USD6.8 million at September 30 . "The increase in group cash reserves to USD6.8 million furthermore bodes well for our stated objective of the payment of a dividend in the next year, subject to platinum group metal price and operational performance" said Chief Executive Terry McConnachie
"This is the sixth consecutive quarter with increased production and the first time the SDO operations have produced in excess of 15 500 oz in a quarter. With the resulting increase in turnover and an 18% reduction in group costs, our SDO earnings before interest, taxes, depreciation and amortisation increased 18% in spite of the reduced basket price received."
"I am pleased with the performance of the production team under the excellent leadership of Jaco Prinsloo, the new Managing Director of Sylvania Metals (Pty) Ltd. This is the sixth consecutive quarter with increased production and the first time the SDO operations have produced in excess of 15,500 ounces for a quarter. With the resulting increase in turnover and an 18% reduction in Group costs, our SDO EBITDA increased 18% in spite of the reduced basket price received. The increase in group cash reserves to $6.8 million furthermore bodes well for our stated objective of the payment of a dividend in the next year, subject to PGM price and operational performance" Per 3E & Au oz 1 Capital expenditure on SDO and exploration and evaluation assets

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Sylvania Platinum Limited Cmn Given Buy Rating ... [Published Mideast Time - Oct 28 2014]
Sylvania Platinum Limited Cmn Given “Buy” Ratin... [Published Mideast Time - Oct 28 2014]
Research Analysts’ Ratings Reiterations for Oct... [Published American Banking News - Oct 28 2014]
SYLVANIA PLATINUM : On Track For Dividend Payme... [Published 4 Traders - Oct 28 2014]
Sylvania posts record quarterly PGM output [Published Mining Weekly - Oct 28 2014]
Sylvania Platinum says Q1 revenue rises [Published MoneyAM - Oct 28 2014]
Quarterly Report: 30 September 2014 [Published Noodls - Oct 28 2014]
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