Sibanye-Stillwater reports adjusted EBITDA of $441M in Q1, down 51% y-o-y

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Sibanye-Stillwater reports adjusted EBITDA of $441M in Q1, down 51% y-o-y SibanyeStillwater

- Sibanye-Stillwater reported today that production from its gold operations in South Africa was 200,267 oz in Q1 2023, up 46% compared with Q1 2022, following the resumption of the operations after the industrial action in the first half of 2022.

"Load curtailment continues to challenge normal operating procedures and causes an increase in operating costs, but is being managed through the adoption of more effective protocols to mitigate impact," the company said. Mined 2E PGM production from the company's US PGM operations was 100,690 2Eoz in Q1 2023 or 18% lower than in Q1 2022, primarily due to structural damage to the shaft which accesses the deeper levels of the Stillwater West mine. There were no injuries from this incident and the shaft was successfully recommissioned on 16 April 2023.

 

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