Sibanye shoots the lights out in March quarter
The world number one platinum supplier has got its debt under tight control after a stellar start to the year and record quarterly performances
12 May 2020 - 12:09
The coronavirus virus disrupted a strong start to Sibanye-Stillwater’s year after it reported a record first-quarter operating performance on high prices for metals coming from its platinum group metals (PGMs) and gold mines in SA and the US.
Sibanye, the world's largest supplier of PGMs and which has mines in SA, the US and Zimbabwe, said on Tuesday it had achieved its best quarterly adjusted earnings before income, tax, depreciation and amortisation (ebitda) to date of R11bn in the March quarter, compared to R808m in the same period a year earlier...
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