South-Africa: Miningweb: Sibanye-Stillwater swings to profit as gold price soars and US operations benefit from tax credits

Signage directs visitors to the K4 concentrator at the Sibanye-Stillwater Ltd. Marikana platinum mine in Rustenburg, South Africa, on Tuesday, March 12, 2024. Photographer: Waldo Swiegers/Bloomberg

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28 Aug 2025, 12:02 pm

Key topics: Turnaround to profit: Sibanye-Stillwater swung to R5.4bn (US$292m) headline earnings in H1 2025, boosted by soaring gold prices and US tax credits.

Operational highlights: SA gold EBITDA rose 118% despite a 13% production drop; US PGM units gained from Section 45X credits, while France’s nickel refinery faces closure.

Outlook and caution: Stronger balance sheet and positive market outlook, but no interim dividend declared due to global uncertainty.

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