Sibanye CEO Eyes Future Gold M&A Worth as Much as $5 Billion [Yahoo! Finance News]
D/B/A Sibanye-Stillwater Limited ADS (SBSW)
Company Research
Source: Yahoo! Finance News
) -- Sibanye-Stillwater Ltd., the world’s top platinum miner, is hoping to buy a North American gold producer for as much as $5 billion in the next six to nine months. The Johannesburg-based producer is assessing a number of opportunities and while there are no advanced discussions underway, Sibanye is undertaking a “lot of desktop work,” Chief Executive Officer Neal Froneman said in an interview with TV at the BMO Global Metals & Mining Conference in Florida. “In terms of time scale, six to nine months we will pull the trigger,” Froneman said Monday. “Absolutely yes, we are looking at various assets, we have a number of opportunities. There is still a lot of work to do, but entering into discussions, doing a due diligence and getting all the financing in place is probably a six-month process.” Sibanye’s current portfolio is underweight gold, Froneman said in an earlier interview. The miner could be in a position to add more gold assets once it resumes dividend payouts and cuts debt.
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SBSW
News
- Sibanye Stillwater Stock (NYSE:SBSW): Two-Pronged Approach to Precious Metals [Yahoo! Finance]Yahoo! Finance
- Sibanye Stillwater: The Tide May Be Turning [Seeking Alpha]Seeking Alpha
- Impala Platinum: Excellent Business At An Attractive Price At The Right Time; Rating Upgrade [Seeking Alpha]Seeking Alpha
- Gold prices hit record highs on safe-haven demand [Reuters]Reuters
- Sibanye Stillwater's South Africa restructure could cut 4,000 jobs [Seeking Alpha]Seeking Alpha
SBSW
Sec Filings
- 4/26/24 - Form 6-K
- 4/26/24 - Form 20-F
- 4/26/24 - Form 6-K
- SBSW's page on the SEC website