Metals

Sibanye Stillwater reports 49% fall in annual profit

CBCIE Time:Mar 01, 2023 16:34 Source:mining

Diversified miner Sibanye Stillwater on Tuesday reported a 49% decline in full-year profit after a lengthy strike at its South African gold mines and flooding at its US platinum operations impacted production.

Its headline earnings per share (HEPS) – the main profit measure in South Africa – fell to 6.52 rand ($0.3537) for the year ended Dec.31 from 12.72 rand a year earlier.

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