Sibanye-Stillwater: Summary of Q1 Results and Corporate Update on All Projects

The world's largest platinum-palladium producer and top 10 gold producer Sibanye Stillwater presented its quarterly figures. Adjusted EBITDA from the US PGM business improved despite the lower 2E basket price due to a 22% increase in 2E production and a 28% reduction in AISC. For 2024, the Company plans to produce between 440,000 2Eoz and 460,000 2Eoz from its US PGM operations with AISC between US$1,365 and US$1,425. We also provide updates on individual projects and end with a chart analysis and price targets.

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