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Sibanye-Stillwater: Record Third Quarter 2020, Further Reduction of Debt

13:37 MIN 430

Interview with Senior VP Investor Relations James Wellsted.

Sibanye-Stillwater reported a record Q3 ending 30 September 2020:

  • Record quarterly adjusted EBITDA of R15,592 million (US$922 million)
  • Production build-up at SA operations post lockdown restrictions delivered ahead of schedule
  • Leverage 40% lower compared to H1 2020 with net debt:adjusted EBITDA reducing to 0.33x at end Q3 2020
  • Net debt reduced by further R11,164 million (US$666 million) following conversion of convertible bond during October 2020
  • Another solid performance from the SA PGM Operations