Q&A: Major challenges facing gold and PGM miners
Sibanye-Stillwater’s James Wellsted outlines the group’s recent success in leveraging high gold prices
11 November 2024 - 05:00
While the gold price rally has seen many SA mining companies reporting strong financial performances this year, persistent cost pressures have kept the country’s gold production on a steady decline over the past several decades.
At the same time, SA’s substantial reserves of platinum group metals (PGMs) represent an opportunity to bring money into the country — but uncertain policies, crime, corruption and electricity issues mean the PGM sector has not been an attractive destination for investment. ..
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