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Terry McConnachie
 
PLATINUM GROUP METALS

Sylvania beats full-year output guidance, achieves Q4 record

Sylvania CEO Terry McConnachie Low-cost platinum-group metals (PGM) processor Sylvania Platinum produced 53 808 oz of PGMs in the 2014 financial year, beating its forecast of 51 000 oz. Output for the year also represented a 22% increase on the 44 095 oz produced in the...
24th July 2014
 
PLATINUM

Sylvania enters into R25m PGM, chrome rights acquisition agreement

Aim-listed Sylvania Platinum has entered into a binding R25-million agreement to acquire the rights to platinum-group metals (PGMs) and chrome-bearing minerals on certain key portions of the Grasvally and Zoetveld farms to which it already owned...
3rd December 2013
 
FINANCIAL RESULTS

Sylvania back in the black, but industry outlook ‘less certain’

Sylvania CEO Terry McConnachie The sale of its iron-ore assets to London-listed Ironveld has contributed to junior miner Sylvania Platinum’s return to profitability during the year to June 30. After posting a net loss of $3.97-million last year, Sylvania on Friday delivered...
23rd August 2013
 
Platinum

Sylvania improves earnings despite laboured year

Despite a year marred by extensive industrial action in the platinum industry, Aim-listed Sylvania Platinum on Wednesday announced higher basic earnings a share of $2.29 for the six months ended December 31, 2012, from $0.15 a share in the...
27th March 2013
 
PLATINUM

Sylvania implements austerity measures, CEO takes pay cut

Platinum-group metals (PGM) producer Sylvania Platinum on Wednesday said that it was implementing a number of austerity measures as it worked to counter the impact of the illegal strikes that swept through the mining industry earlier this year....
12th December 2012
 
PLATINUM

Sylvania settles 2013 wages at average 11.4% increase

Aim-listed platinum-group metals (PGMs) producer Sylvania Platinum has concluded a wage deal at its Busheveld Igneous Complex western limb operations, including Mooinooi and Millsell, bringing to an end the wage negotiations for the 2013 financial...
14th November 2012
 
PLATINUM

Sylvania resumes operations at Mooinooi, Millsell

Aim-listed platinum-group metals (PGMs) producer Sylvania Platinum has resumed operations at its Mooinooi and Millsell plants. The company suspended operations on October 3, owing to industrial action at neighbouring mines in the Rustenburg area.
24th October 2012
 
PLATINUM

Sylvania, NUM reach wage deal at Eastern operations

London-listed platinum group metals producer Sylvania Platinum has reached a wage settlement with workers at its Eastern operations, including the Steelpoort, Doornbosch, Lannex and Tweefontein plants. Negotiations with the National Union of...
19th October 2012
 
PLATINUM

Sylvania misses 2012 production target, posts net loss

Junior miner Sylvania Platinum on Friday posted a net loss for the 2012 financial year, with revenue declining 14% and production falling short of its 60 000 oz-target. The company, which produces platinum group metals (PGMs) from tailings in...
12th October 2012
 
PLATINUM

Sylvania Platinum revises production outlook

Junior miner Sylvania Platinum, which produces platinum-group metals (PGMs) from tailings in South Africa, on Tuesday revised its production outlook, citing losses owing to strike action and the cessation of activities at its Chromite Tailings...
3rd October 2012
 
PLATINUM

Sylvania shifts focus to low-cost tailings, cuts back on new projects

London-listed Sylvania Platinum on Monday announced it would shift its focus to its low-cost tailings retreatment businesses, while cutting back on work on new near surface mining projects. The company also announced that it had temporarily...
17th September 2012
 
PLATINUM

Sylvania says Tweefontein to start production by September

ASX- and Aim-listed Sylvania Platinum on Wednesday said that its Tweefontein project, located in the Steelpoort area, remained on track for its float plant to be completed by the end of August and that it would produce its first ounces in...
25th July 2012
 
 
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