Sibanye-Stillwater Posted Record Financial and Operational Results

SEATTLE (Scrap Monster): Sibanye-Stillwater announced record financial results for the six months and year ended 31 December 2020.

The attributable profit of $1,781 million for the full year 2020 was 47 times higher than $5 million for 2019. The free cash flow by the company, at $1,377 million was 63 times higher than that of $19 million during 2019. The basic earnings per share stood at 1,074 cents, said the media release issued by the company.

With regards to operational performance, the South African operations recovered strongly from the Covi-19 induced lockdowns and reached normalized production levels by November last year. The production of platinum group metals by the company, at 1,576,507 4Eoz, exceeded t he upper limit of the revised guidance. The inclusion of the Marikana operations has led to significant growth in production base. Meantime, the South Africa gold operations produced 809,877oz in 2020, which is higher than the revised guidance by almost 3%.

The company announced significant investment in high-return organic growth projects. It approved the development of the K4 and Klipfontein projects and the resumption of capital development and equipping at the Burnstone gold project.

Looking forward, the Sibanye-Stillwater expects improved operational performance in 2021.

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