Mining News

Lower PGM, gold prices result in 5% y/y decrease in Sibanye’s third-quarter Ebitda

Despite a solid operational performance in the third quarter ended September 30, lower average platinum group metal (PGM) and gold prices resulted in a decrease in precious and battery metals producer Sibanye-Stillwater’s adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda). Adjusted Ebitda decreased by 5% year-on-year to $1.02-billion or R14.88-billion in the third quarter.

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