Sibanye joins mining profit boom as earnings expected to jump 560%

Sibanye joins mining profit boom as earnings expected to jump 560%

Sibanye joins mining profit boom as earnings expected to jump 560%

Higher gold and PGM prices have delivered a dramatic turnaround.

Sibanye-Stillwater is the latest miner to report a spectacular improvement in earnings, driven by rising precious metals prices.

The platinum and gold producer expects earnings per share (EPS) of between 597 cents and 658 cents (ZAR) for the six months to June 2026 – an improvement of more than 560% from the loss of 127 cents reported a year earlier, according to a trading statement issued on Thursday.

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About Ciaran Ryan 1534 Articles
The Writer's Room is a curated by Ciaran Ryan, who has written on South African affairs for Sunday Times, Mail & Guardian, Financial Mail, Finweek, Noseweek, The Daily Telegraph, Forbes, USA Today, Acts Online and Lewrockwell.com, among others. In between he manages a gold mining operation in Ghana, and previously worked in Congo. Most of his time is spent in the lovely city of Joburg.