SIBANYE Gold has cooled its talk of mergers and acquisitions as mining company valuations rise and as it starts tackling its poor safety record and turning around underperforming mines it is buying from Anglo American Platinum (Amplats).Sibanye had a poor safety performance in the first half of 2016, and CEO Neal Froneman said the company had not met its full potential.Sibanye had lost 1.4 tonnes of gold worth R845m to interruptions including safety stoppages — as its safety record deteriorated during the interim period, with eight people killed on its mines — double the deaths a year ago — and labour stoppages, he said.Sibanye’s shares fell as much as 8% on Thursday before ending the day 3% lower at R62.91, extending its five-day decline to 8%, the most of four major gold companies listed on the JSE.Gold production, which was 5% higher year on year at 746,800oz, was labelled "extremely weak due to one-off factors", by Goldman Sachs analysts.Sibanye kept its full-year target intact ...
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