Sibanye cuts debt, eyes first-half dividend
PGMs producer swings back into a profit despite a difficult year at its gold business due to a five-month strike
19 February 2020 - 10:28
Sibanye-Stillwater, bearing the scars of a five-month strike at its gold division, swung back into profit for 2019 helped by higher metal prices for precious metals and by its large platinum group metals (PGMs) output.
Sibanye, the world's biggest PGMS producer, posted a taxed profit of R433m for the year to end-December 2019, compared with a R2.3bn loss the year before...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now