.SIBSTILL’s shares fell 5% on Wednesday after the miner said it expected its half-year profit to be halved citing a strike at its SA gold mines and flooding at its US platinum group metal (PGM) operations which hit production. Moneyweb MiningNews
Sibanye Stillwater’s shares fell 5% on Wednesday after the miner said it expected its half-year profit to be halved citing a strike at its South African gold mines and flooding at its US platinum group metal operations which hit production. Sibanye said its headline earnings per share – the main profit measure for South African companies – would be between R4.02 and R4.47 for the six months to June 30, down from R8.43 a year earlier.
The company said gold production fell by 77% in the first half following a strike at its South African gold operations between March 9 and June 13. A seven-week suspension of production at Sibanye’s US PGM operations following floods resulted in a 23% fall in output from the Montana operations, the company said in a trading update.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Market data — August 15 2022Market data including bonds and fuel prices
Read more »
2021 July unrest | Khanyile trial postponed to 19 AugustAlleged July unrest instigator Bonginkosi Khanyile's trial has been postponed to the 19th of August.
Read more »
Premier League match report Liverpool v Crystal Palace 15 August 2022Luis Diaz's stunning strike helped ten-man Liverpool register a 1-1 draw with Crystal Palace in their first home game of the Premier League season. Read more ➡️
Read more »
Premier League Report: Liverpool v Crystal Palace 15 August 2022Darwin Nunez was sent off in his first Premier League start for Liverpool, who battled back to secure a 1-1 draw against Crystal Palace on Monday night. SLInt MORE:
Read more »
UKRAINE UPDATE: 16 AUGUST 2022: Zelensky’s government extends martial law; Russia shells Kharkiv againUkraine’s Parliament voted to extend martial law and military mobilisation by another 90 days through November 21, measures put in place after Russia invaded the country on February 24.
Read more »