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An update from Sibanye Stillwater ( (SBSW) ) is now available.
On February 21, 2025, Sibanye Stillwater reported its financial and operational results for the six months and year ended December 31, 2024. The company achieved a 7% revenue increase to R56.9 billion for the second half of 2024 compared to the same period in 2023, supported by restructuring efforts and a favorable gold price environment. The restructuring and closure of loss-making operations significantly enhanced profitability, while strategic financing arrangements strengthened its balance sheet. Notably, the company recorded the lowest safety incident rates since 2013, reflecting improvements in its operational safety standards. Additionally, the South African gold operations benefited from higher gold prices, boosting adjusted EBITDA by 216% for the second half of 2024. The US PGM operations improved cost efficiencies, resulting in a 27% reduction in all-in sustaining costs.
More about Sibanye Stillwater
Sibanye Stillwater Limited is a prominent player in the mining industry, primarily focusing on the extraction and production of gold and platinum group metals (PGMs). The company operates in South Africa, the United States, and Australia, and is listed on the Johannesburg Stock Exchange (JSE) and the New York Stock Exchange (NYSE).
YTD Price Performance: 7.49%
Average Trading Volume: 6,124,949
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $2.64B
Learn more about SBSW stock on TipRanks’ Stock Analysis page.
