Sibanye to cut fewer jobs, but warns of gold unit losses

Sibanye-Stillwater has cut nearly half the number of jobs it warned the market in February to expect, but not enough to soothe unions in an ailing sector bleeding jobs in recent years.

In a market update on the reduction of its workforce by 3,450 at the Beatrix and Driefontein gold mines, as well as a production outlook for its gold division after a five-month strike, Sibanye said it agreed to keep one of its Driefontein shafts in production as long as it makes quarterly profits...