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Sibanye Stillwater surges on higher prices

Higher precious metals prices saw Sibanye Stillwater move into the black in the first half of the year, despite gold and PGM production from the company’s South African operations coming in about 50% below what was expected over the period.

Sibanye Stillwater surges on higher prices Sibanye Stillwater surges on higher prices Sibanye Stillwater surges on higher prices Sibanye Stillwater surges on higher prices Sibanye Stillwater surges on higher prices

Sibanye Stillwater's Marikana asset in South Africa

Sibanye said in a trading statement it expected earnings to reach US$563.1 million for H1, a dramatic turnaround from the US$18 million loss it posted in the same period last year.

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