Aim-listed platinum group metals (PGM) producer Sylvania has reached a new record yearly production of 81 002 oz of platinum, palladium, rhodium and gold for the financial year ended June 30.

This was supported by 21 114 oz of production in the fourth quarter, which was a 3% increase year-on-year.

Group earnings before interest, taxes, depreciation and amortisation increased by 98% quarter-on-quarter to $12.9-million, while net revenue increased by 15% quarter-on-quarter to $30.3-million.

The company also achieved the best overall safety performance in its history in the 2025 financial year, with the least total injuries.

Sylvania says a stable performance at the Lesedi mine has enabled the withdrawal of a Section 189A consultation process, or retrenchment process, that was initiated in July 2024.

This while the Sylvania Dump Operations delivered a strong performance that contributed to the record yearly production.

Sylvania’s mines are located in South Africa’s Bushveld Complex.

Another highlight in the reporting year included commissioning of the Thaba joint venture, which continues to ramp up over the first quarter of the 2026 financial year.

The project experienced some technical delays and teething issues during the year, owing to weather conditions and safety-related interruptions; however, Sylvania anticipates the project to reach steady-state production during the quarter to end on December 31.

Thaba, developed with Limberg Mining Company, processes PGM and chrome ores from historic tailings at the Limberg chrome mine, in South Africa’s Limpopo province. 

Meanwhile, Sylvania had a cash balance of $61-million at the end of June, which enables the company to meet the balance of capital expenditure requirements for growth initiatives, including construction of a centralised PGM filtration plant. The plant is on schedule for completion in the second quarter of the 2026 financial year.

Sylvania also benefited from a 14% higher PGM basket price in the 2025 financial year.