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Sibanye-Stillwater raises US$245M to improve liquidity

Sibanye-Stillwater has improved its liquidity position through a R1.7 billion (US$120 million) share placing and the forward sale of gold to Citibank for a cash prepayment of US$125 million.

Sibanye-Stillwater raises US$245M to improve liquidity Sibanye-Stillwater raises US$245M to improve liquidity Sibanye-Stillwater raises US$245M to improve liquidity Sibanye-Stillwater raises US$245M to improve liquidity Sibanye-Stillwater raises US$245M to improve liquidity

The over four-month strike at Sibanye-Stillwater's South African gold operations has negatively hit production and deleveraging initiatives

In exchange for the repayment, it will supply 105,906 ounces of gold during the December quarter at price no lower than $1,200 per ounce and no higher than $1,323/oz.