Sibanye-Stillwater’s interim earnings expected to dive 100%

Tawanda Karombo

INTERIM earnings in Sibanye-Stillwater are expected to dive by about 100%, with the company’s gold production for the half-year to June down by 21% and platinum group metals (PGM) prices, especially palladium, still depressed while it was affected by a R7.4 billion write-down to its US platinum business. Although its South African PGM operations – largely affected by lower prices – raised output for the 2024 first half by 4% to 878 606 ounces of 4E metal, Sibanye-Stillwater’s managed gold operations in the same country, excluding DRDGold, declined by 21% to 265 179 ounces. The South African gold operations had a lower output for the period, mainly as a result of the closure of the Kloof 4 shaft and increased seismic activity which restricted access to high-grade…

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Cape Times (Digital) - 1 Issue, 2024-09-03

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