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United Kingdom

Sibanye Gold Ltd (SGLJ.J)

SGLJ.J on Johannesburg Stock Exchange

1,702.00ZAc
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21.00 (+1.25%)
Prev Close
1,681.00
Open
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Volume
961,216
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682.00

Latest Key Developments (Source: Significant Developments)

Sibanye Says 3,450 Jobs Affected By Restructuring
Wednesday, 5 Jun 2019 

June 5 (Reuters) - Sibanye Gold Ltd ::JSE: SGL - CONCLUSION OF S189 CONSULTATION PROCESS AND 2019 SA GOLD OPERATIONS PRODUCTION GUIDANCE.SIBANYE - DUE TO S189 CONSULTATION, JOB LOSSES WERE NEARLY HALVED, WITH ABOUT 3,450 EMPLOYEES FINALLY AFFECTED BY RESTRUCTURING.SIBANYE-STILLWATER - NO VIABLE ALTERNATIVES FOUND FOR BEATRIX 1 SHAFT, DRIEFONTEIN 2, 6 AND 7 SHAFTS, AS WELL AS BEATRIX 2 PLANT.SIBANYE-STILLWATER - CAPITAL EXPENDITURE FOR 2019 IS FORECAST AT ABOUT R2,350 MILLION AT SA GOLD.SIBANYE - DRIEFONTEIN 8 SHAFT WILL REMAIN IN OPERATION FOR AS LONG AS IT MAKES A PROFIT, ON AVERAGE, OVER ANY CONTINUOUS PERIOD OF 3 MONTHS.SIBANYE-STILLWATER - FY ANNUAL PRODUCTION FROM GOLD OPERATIONS SA INCLUDING Q1 AND Q2 IS FORECAST AT BETWEEN 24,000KG TO 25,000KG (772KOZ TO 804KOZ)..SIBANYE-STILLWATER - BEATRIX 1, DRIEFONTEIN 2 SHAFTS WILL BE PLACED ON CARE AND MAINTENANCE.SIBANYE-STILLWATER - DRIEFONTEIN 6 AND 7 SHAFTS AND BEATRIX 2 PLANT WILL BE CLOSED.SIBANYE - ADDITIONAL COST REDUCTIONS ARE ENVISAGED THROUGH RATIONALISATION OF SINGLE ACCOMMODATION UNITS, TRAINING FACILITIES.  Full Article

Sibanye-Stillwater Chairman Sello Moloko To Resign
Wednesday, 29 May 2019 

May 29 (Reuters) - Sibanye Gold Ltd ::RESIGNATION OF GROUP CHAIRMAN, MR SELLO MOLOKO AND APPOINTMENT OF DR VINCENT MAPHAI.APPOINTMENT OF VINCENT MAPHAI AS CHAIRMAN DESIGNATE EFFECTIVE FROM 1 JUNE.  Full Article

Sibanye Qtrly Total Gold Production From SA Gold Operations Of 4,456 Kg
Thursday, 9 May 2019 

May 9 (Reuters) - Sibanye Gold Ltd ::JSE: SGL - OPERATING UPDATE QUARTER ENDED 31 MARCH 2019.SIBANYE-STILLWATER - QTRLY ADJUSTED EBITDA OF R1,819 MILLION (EXCLUDING. RUSTENBURG) FROM COMBINED PGM OPERATIONS RESULTED IN POSITIVE GROUP ADJUSTED EBITDA OF R176 MILLION.SIBANYE-STILLWATER - QTRLY ALL-IN SUSTAINING COST FOR SOUTHERN AFRICA GOLD OPERATIONS R914,590/KG VERSUS R513,829/KG.SIBANYE-STILLWATER QTRLY ATTRIBUTABLE 4E PGM PRODUCTION FROM SA PGM OPERATIONS (INCLUDING MIMOSA) OF 263,508 4EOZ.SIBANYE-STILLWATER QTRLY TOTAL GOLD PRODUCTION FROM SA GOLD OPERATIONS OF 4,456 KG (143,278OZ), INCLUDES 1,130KG (36,330OZ) OF PRODUCTION FROM DRDGOLD.SIBANYE-STILLWATER - TOTAL CAPITAL EXPENDITURE FOR YEAR IS GUIDED AT BETWEEN US$235 MILLION AND US$245 MILLION FOR YEAR.SIBANYE-STILLWATER - GUIDANCE FOR SA GOLD OPERATIONS WILL BE PROVIDED ONCE WE HAVE SUFFICIENT CLARITY OF PRODUCTION BUILD UP..  Full Article

Lonmin And Sibanye Agree Higher 226 Mln Stg Takeover Deal
Thursday, 25 Apr 2019 

April 25 (Reuters) - Lonmin PLC ::INCREASED OFFER , PUBLICATION LONMIN SCHEME CIRCULAR AND PUBLICATION OF SIBANYE-STILLWATER CIRCULAR.BOARDS OF SIBANYE-STILLWATER AND LONMIN HAVE REACHED AGREEMENT ON TERMS OF AN INCREASED RECOMMENDED ALL-SHARE OFFER.REVISED EXCHANGE RATIO REFLECTS AN INCREASE OF 0.033 NEW SIBANYE-STILLWATER SHARES PER LONMIN SHARE HELD AT EFFECTIVE TIME OF SCHEME.TERMS OF INCREASED OFFER REPRESENT VALUE OF 77.4 PENCE PER LONMIN SHARE AND £226 MILLION FOR ENTIRE ISSUED AND TO BE ISSUED ORDINARY CAPITAL OF CO.AFTER COMPLETION, CO SHAREHOLDERS TO HOLD ABOUT 10.9% OF ENLARGED SIBANYE-STILLWATER GROUP.LONMIN DIRECTORS INTEND THEREFORE TO UNANIMOUSLY RECOMMEND THAT LONMIN SHAREHOLDERS VOTE IN FAVOUR OF SCHEME AT COURT MEETING.INCREASED OFFER REFLECTS RECENT RECOVERY IN PGM PRICING ENVIRONMENT, BALANCED AGAINST FACT THAT LONMIN CONTINUES TO BE FINANCIALLY CONSTRAINED.LONMIN CONTINUES TO BE UNABLE TO FUND SIGNIFICANT INVESTMENT REQUIRED TO SUSTAIN ITS BUSINESS AND ASSOCIATED EMPLOYMENT.  Full Article

Sibanye-Stillwater Enters Into $125 Mln Gold Prepayment Arrangement
Thursday, 11 Apr 2019 

April 11 (Reuters) - Sibanye Gold Ltd ::SIBANYE-STILLWATER FURTHER ENHANCES LIQUIDITY BY ENTERING INTO A US$125 MILLION GOLD PREPAYMENT ARRANGEMENT.FUNDING EXPECTED TO BE ACCOUNTED FOR AS DEFERRED REVENUE UNDER IFRS, TO BE APPLIED TOWARDS REPAYMENT OF REVOLVING CREDIT FACILITIES.FUNDING IS EXPECTED TO BE ACCOUNTED FOR AS DEFERRED REVENUE UNDER IFRS.FOLLOWING EQUITY RAISE AND THIS TRANSACTION, CO HAS LIQUIDITY OF APPROXIMATELY R10 BILLION (US$700 MILLION) OF UNDRAWN FACILITIES.FUNDING WILL BE APPLIED TOWARDS REPAYMENT OF REVOLVING CREDIT FACILITIES.RECEIVED CASH PREPAYMENT OF $125 MILLION IN EXCHANGE FOR FUTURE DELIVERY OF 105,906 OUNCES OF GOLD DURING Q4 2019.CONCLUDED FORWARD GOLD SALE ARRANGEMENT, GOT CASH PREPAYMENT OF US$125 MILLION FOR FUTURE DELIVERY OF 105,906 OUNCES OF GOLD DURING Q4.  Full Article

Odey Asset Management Discloses 1.23 Pct Interest In Sibanye-Stillwater - Filing
Thursday, 11 Apr 2019 

April 11 (Reuters) - Sibanye Gold Ltd ::ODEY ASSET MANAGEMENT DISCLOSES 1.23 PERCENT INTEREST IN SIBANYE-STILLWATER - FILING.  Full Article

Sibanye Says Share Placing Raised Gross Proceeds Of About $120 Mln
Wednesday, 10 Apr 2019 

April 10 (Reuters) - Sibanye Gold Ltd ::108.9 MILLION NEW ORDINARY NO PAR VALUE SHARES PLACED WITH EXISTING AND NEW INSTITUTIONAL INVESTORS AT PRICE OF R15.50/SHARE.SHARE PLACING RAISED GROSS PROCEEDS OF ABOUT ZAR1.7 BILLION / US$120 MILLION.J.P. MORGAN SECURITIES PLC WAS SOLE BOOKRUNNER IN CONNECTION WITH PLACING.  Full Article

Sibanye to Raise About $130 Mln Gross Proceeds From Placing
Tuesday, 9 Apr 2019 

April 9 (Reuters) - Sibanye Gold Ltd ::TO CONDUCT A NON PRE-EMPTIVE CASH PLACING OF NEW ORDINARY NO PAR VALUE SHARES IN AUTHORIZED BUT UNISSUED SHARE CAPITAL OF CO.GROSS PROCEEDS FROM PLACING WILL AMOUNT TO APPROXIMATELY ZAR1.8 BILLION / US$130 MILLION, BASED ON CLOSING SHARE PRICE AS AT 9 APRIL.Q1 ATTRIBUTABLE PRODUCTION FROM S AFRICAN PGM OPERATIONS ESTIMATED TO BE ABOUT 234,000 4EOZ AND IN LINE WITH ANNUAL GUIDANCE.Q1 GOLD PRODUCTION WAS NEGATIVELY IMPACTED BY ONGOING AMCU STRIKE AND IS EXPECTED TO BE APPROXIMATELY 104,000OZ.Q1 US PGM OPERATIONS EXPERIENCED SLOWER THAN PLANNED START TO YEAR PRODUCING ESTIMATED 131,000 2EOZ.  Full Article

Sibanye-Stillwater Says Union Verification Exercise Supports Extension Of Wage Agreement At Co's SA Gold Operations
Monday, 8 Apr 2019 

April 8 (Reuters) - Sibanye-Stillwater ::UNION VERIFICATION EXERCISE SUPPORTS EXTENSION OF WAGE AGREEMENT AT SIBANYE-STILLWATER'S SA GOLD OPERATIONS.  Full Article

Sibanye Says Court Dismisses AMCU's Application For Leave To Appeal Against Initial Judgement
Monday, 25 Mar 2019 

March 25 (Reuters) - Sibanye::SIBANYE- LABOUR COURT DISMISSES AMCU'S APPLICATION FOR LEAVE TO APPEAL AGAINST INITIAL JUDGEMENT, UNION MEMBERSHIP VERIFICATION EXERCISE TO PROCEED.SIBANYE-CONFIDENT THAT OUTCOME OF VERIFICATION PROCESS WILL BRING AN END TO EXTENDED STRIKE ACTION.  Full Article

RPT-Glencore's Congo tragedy highlights security conundrum for miners

DAKAR/LIMA, June 30 The deaths of 43 illegal miners at a Glencore facility in Congo last week highlighted a growing challenge for mining companies struggling to secure sites from small-scale prospectors digging for cobalt, copper and other minerals.