Sylvania Lowers Platinum Output

Mining Weekly reported Sylvania Platinum (ASX:SLP,LSE:SLP) lowered its year-end output due to a slower than expected ramp-up, extreme weather and strikes.

As quoted in the market news:

Sylvania, which previously said it expected a 50% production increase to 60 000 oz for the 2012 financial year, dropped its forecast to 50 000 oz in March, citing severe weather conditions, neighbouring mine strike action and safety-related stoppages at the Sylvania Dump Operations (SDO) and host mines.

Click here to read the full Mining Weekly report.

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