Your email has been successfully added to our mailing list.

×
-0.00100401606425701 -0.0040160642570282 0 -0.00100401606425701 0.00853413654618465 0.0235943775100401 0.0100401606425702 0.00803212851405623
Stock impact report

Zimbabwe miners say costs, power shortages dampen 2023 growth prospects [Reuters]

D/B/A Sibanye-Stillwater Limited ADS (SBSW) 
Company Research Source: Reuters
The southern African country has pinned hopes on the mining sector to drive its economic recovery after years of decline blamed on the government's forced seizure of white-owned farms in 2000 and excessive spending which fuelled hyperinflation. An industry report published by Zimbabwe's Chamber of Mines, which represents the country's major mining firms, says the sector will experience a slower 7% growth next year, from a projected 8% this year. “Prospects for mineral output growth for 2023 are generally lower than those recorded in 2022. Key risks to the outlook for 2023 include fragile power supply, high costs, foreign currency shortages, an unstable tax framework and capital shortages,” the report says. Mining costs are projected to increase by 15% in 2023, with energy being the main driver, the report said. Zimbabwe's miners often suffer power outages due to the frequent breakdowns of the country's old generation plants. Zimbabwe's state-owned power utility gets some elec Show less Read more
Impact Snapshot
Event Time:
SBSW
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for SBSW alerts
Opt-in for
SBSW alerts

from News Quantified
Opt-in for
SBSW alerts

from News Quantified