Finance > Profit-loss

Sibanye-Stillwater warns of 2017 loss

Gold and PGM miner Sibanye-Stillwater (SJ:SGL) has warned shareholders ahead of its results presentation on Thursday that it expects to report an attributable loss of R4.44 billion (US$333 million) for 2017.

Staff reporter

Finance > Profit-loss

Sibanye-Stillwater warns of 2017 loss

Gold and PGM miner Sibanye-Stillwater (SJ:SGL) has warned shareholders ahead of its results presentation on Thursday that it expects to report an attributable loss of R4.44 billion (US$333 million) for 2017.

Staff reporter

Sibanye-Stillwater warns of 2017 loss

US tax reforms favourably impacted Sibanye-Stillwater's US operations

This compares to attributable earnings of R3.47 billion the previous year and was primarily attributed to a weak first half of the year where it reported a loss of R4.8 billion due to impairments, provision for occupational healthcare claims, restructuring and transaction costs, significant differences in commodity prices and year-on-year changes in the average rand-dollar exchange rate.