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News24 Business | Sibanye flags improvements, but will still book a loss as PGM prices bite

Summary by News24
Diversified metals group Sibanye-Stillwater said on Wednesday it is likely to see an uptick its headline earnings for its year to end December. But it will still report a loss at a basic earnings level.

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News24 Business | Sibanye flags improvements, but will still book a loss as PGM prices bite

Diversified metals group Sibanye-Stillwater said on Wednesday it is likely to see an uptick its headline earnings for its year to end December. But it will still report a loss at a basic earnings level.

·South Africa
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MiningmxMiningmx

Sibanye-Stillwater to impair US mine for R8.79bn

SIBANYE-Stillwater said in a trading statement on Wednesday that it would write-down its US-based Stillwater palladium/platinum mine by about R8.79bn. The impairment stems from a decision announced last year to cut production at Stillwater as the outlook for the palladium price had deteriorated. The impairment will feature in the miner’s 2024 annual results presentation on Friday (February 21) in which Sibanye-Stillwater’s full year share earnin…

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Miningmx broke the news in on Wednesday, February 19, 2025.
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