Sibanye Stillwater reports 49% fall in annual profit

Sibanye’s Kloof operation. (Image courtesy of Sibanye-Stillwater.)

Diversified miner Sibanye Stillwater on Tuesday reported a 49% decline in full-year profit after a lengthy strike at its South African gold mines and flooding at its US platinum operations impacted production.

Its headline earnings per share (HEPS) – the main profit measure in South Africa – fell to 6.52 rand ($0.3537) for the year ended Dec.31 from 12.72 rand a year earlier.

($1 = 18.4336 rand)

(By Nelson Banya; Editing by Jason Neely)


Your email address will not be published. Required fields are marked *