Sibanye sees value in potential gold mining targets
Softer gold prices and falling valuations for gold companies bring buying opportunities for world number one PGM supplier
14 April 2021 - 13:10
Sibanye-Stillwater is starting to see value in gold companies as the gold price retreats, after a few years of struggling to find a worthwhile acquisition target, CEO Neal Froneman said.
Froneman, who heads the biggest source of mine-to-market platinum group metals (PGMs) from SA, US and Zimbabwe, has made clear that the company is looking for more gold assets to add to its purely SA-based gold business that accounts for a fifth of earnings to balance the portfolio...
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