Strategy & Value Creation
Strategy & Value Creation
Free
cash flow
generation
- Production of approximately 76koz to 78koz/year from current operations1
- Low cash costs target < $600oz
Optimisation
of value
from current resources and infrastructure
- Implementation of secondary milling and flotation at operations through Project ECHO based on proven metallurgical performance and operating technology
Opportunistic
growth
through further tailing treatment deals
- Continuously exploring and evaluating potential surface resources and projects
Preserve
option value
in other assets and realise when possible
- Would consider outright disposals, joint ventures, or spin-offs to maximise value to Sylvania's shareholders
Shareholder-friendly use of cash
Only commit
capital to growth projects
when internal hurdle rate is met
- Funding Project ECHO from cash resources
Opportunistic
buy back of shares
when share price is lower than internal company valuation
- Satisfy Sylvania Share Option Scheme exercises and bonus share awards to prevent any dilution to shareholders, or cancel shares to enhance shareholder returns
Future
shareholder dividends
when liquidity and cash flow requirements for the business are met as per revised dividend guidelines
1 Steady state capacity including Project Echo modules, and subject to ore supply from the host mine FY2021 production target = 70,000oz 4E PGM