SBSW Stock Recent News

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.

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Statistics South Africa released new mining data on Thursday morning, revealing a trying time for most South African miners. However, despite the poor data, Sibanye Stillwater Limited stock and ADRs surged shortly after the release. Noteworthy developments have occurred since our latest coverage, namely headway linked to the Mopani Copper Mines bid and a human capital agreement with a university.

Sibanye Stillwater Limited has experienced a few noteworthy developments of late. An acquisition of South Africa's largest solar wind farm project lends debate to whether Sibanye will follow Gold Fields and self-sustain its operations' energy demands. DRDGold's compelling progress might soon have a material effect on Sibanye's stock price.

Sibanye Stillwater Limited is a South African mining and metals processing group currently undervalued by 74% due to a difficult 2022 marked by operational challenges and macroeconomic headwinds. The company has a strong economic moat due to its diverse portfolio of projects and geographical presence, and its profitability remains intact despite recent challenges. Despite risks such as energy availability, demand development, and geopolitical issues, Sibanye Stillwater is well-positioned for future growth and is a strong buy for value investors.

(Kitco News) - Sibanye-Stillwater (NYSE: SBSW) announced yesterday that it has concluded its first power purchase agreement and achieved financial close for an 89-megawatt wind energy project.

Sibanye Stillwater Limited misfortunes seem endless as additional obstacles have slowed its PGM production. Moreover, exogenous features are intensifying. Although we anticipate higher PGM prices and a sector-based recovery, we have decided to exclude Sibanye from the pack as its stock is in vulnerable territory.

(Kitco News) - Sibanye-Stillwater (NYSE: SBSW) reported today that production from its gold operations in South Africa (including DRDGOLD) was 200,267 oz in Q1 2023, up 46% compared with Q1 2022, following the resumption of the operations after the industrial action in the first half of 2022.