Uplift in Production and PGM Prices Outlook
- Adam Strydom
- Nov 6
- 1 min read
Sylvania Platinum Limited’s production in Q126 continued to accelerate, reaching a record high of 24,522oz for 4E platinum group metals (PGMs) and 31,234oz for 6E. Net profit continued to recover thanks to record production, a rising PGM basket price and healthy unit cost control. We lift our FY26 4E forecast to 92,000oz, ahead of company guidance, and as a result upgrade our FY26 EPS by 7.3% to 23.18 US cents. We also introduce small earnings upgrades for FY27 and FY28 and increase our valuation by 2% to 156p/share.
05 November 2025
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