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Sylvania Platinum Posts Strong Q3 Earnings as PGM Prices and Chrome Output Rise

Story Highlights
  • Sylvania Platinum delivered strong Q3 PGM and chrome production, beating plans despite seasonal headwinds.
  • Higher PGM prices and chrome sales boosted revenue, EBITDA and cash, though chrome guidance was trimmed.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sylvania Platinum Posts Strong Q3 Earnings as PGM Prices and Chrome Output Rise

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An update from Sylvania Platinum ( (GB:SLP) ) is now available.

Sylvania Platinum reported another robust third quarter to 31 March 2026, with its dump operations producing 22,853 4E PGM ounces, slightly down due to seasonal effects but ahead of internal plans, and chrome output from the Thaba joint venture rising 80% to 19,030 tons. Stronger PGM basket prices and higher chrome sales lifted net revenue 44% to $78.7 million and adjusted EBITDA 61% to $47.8 million, driving a 17% increase in cash to $63.3 million, supporting a buyback programme and interim dividend, though FY2026 chrome guidance has been cut due to feed quality and weather disruptions while PGM guidance is expected to meet or exceed the upper end of the 90,000–93,000 ounce range.

The most recent analyst rating on (GB:SLP) stock is a Buy with a £166.00 price target. To see the full list of analyst forecasts on Sylvania Platinum stock, see the GB:SLP Stock Forecast page.

Spark’s Take on SLP Stock

According to Spark, TipRanks’ AI Analyst, SLP is a Neutral.

The score is driven primarily by improving fundamentals and a strong, low-leverage balance sheet, tempered by negative free cash flow. Technically, the stock shows neutral-to-mixed momentum with near-term softness but longer-term trend support. Valuation is moderate with a modest dividend yield.

To see Spark’s full report on SLP stock, click here.

More about Sylvania Platinum

Sylvania Platinum Limited is a South Africa-focused producer of platinum group metals and an emerging chrome producer, listed on AIM. The company operates six Sylvania Dump Operations plants that retreat PGM-rich chrome tailings, making it the largest PGM producer from chrome tailings re-treatment in the industry, and also holds mining rights and a chrome and PGM joint venture at Thaba.

Average Trading Volume: 1,571,212

Technical Sentiment Signal: Buy

Current Market Cap: £253.6M

For an in-depth examination of SLP stock, go to TipRanks’ Overview page.

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