SBSW Stock Recent News

(Kitco News) - Mining and metals processing group Sibanye-Stillwater (NYSE: SBSW) today announced the initiation of S189 consultations regarding the possible restructuring of its SA gold operations due to ongoing losses over an extended period and operational constraints at the Kloof 4 shaft.

Sibanye Stillwater had a very rough H123, and SBSW stock is down about 40% from February, when I rated it a buy. South African PGM operations are preparing for a prolonged down cycle and managing load curtailment. US PGM operations are impacted by skill shortages and the need for higher spot prices.

Sibanye Stillwater Limited (NYSE:SBSW ) Q2 2023 Earnings Conference Call August 29, 2023 8:00 AM ET Company Participants Neal Froneman - CEO Richard Stewart - Chief Regional Officer, Southern Africa Charles Carter - Chief Regional Officer, Americas Grant Stuart - Head, Recycling Mika Seitovirta - Chief Regional Officer, Europe Robert Van Niekerk - Chief Technicaland Innovation Officer Charl Keyter - CFO James Wellsted - EVP, IR and Corporate Affairs Kevin Robertson - EVP, US PGM operations Conference Call Participants Adrian Hammond - SBG Securities Raj Ray - BMO Capital Markets Chris Nicholson - RMB Morgan Stanley Cameron Needham - Bank of America Leroy Mnguni - HSBC Neal Froneman Good afternoon and good morning ladies and gentlemen. Welcome to our H1 2023 Results Presentation.

(Kitco News) - Diversified mining company Sibanye-Stillwater (NYSE: SBSW) reported on Tuesday that production from its gold operations in South Africa (excluding DRDGOLD) was 334,721 oz in H1 2023, up 233% compared with H1 2022.

Harmony Gold expects to report a big jump in earnings for fiscal 2023 next week. DRDGOLD just declared a big dividend for the year.

(Kitco News) - Sibanye said that the decrease in earnings is primarily due to a decline in platinum group metal (PGM) prices and lower production and higher unit costs from the US PGM operations.

Updated 13-F filings communicate that Dr. Michael Burry's Scion Capital disposed of its Sibanye Stillwater Limited stake in Q2. Santaco's taxi strike and ancillary unrest might spark another systemic event in South Africa ahead of its 2024 elections. A PGM price recovery is possible. However, commodity price risk remains amid an uncertain interest rate outlook.

Sibanye Stillwater aims for significant expansion in the global metals market through investments in recycling and production initiatives. The company plans to spend $500 million in FY23 on expanding its battery metals operations, particularly in lithium, to meet rising demand. Despite short-term challenges, Sibanye Stillwater shows promising potential for long-term growth with a strong balance sheet and high dividend yield.

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(Kitco News) - The company traded down 6% to ZAC3,175.00.