Precious metals producer Sibanye-Stillwater said core profit fell almost a third in its first quarter to end-March, with gold production almost halving as the group deals with a two-month old strike and safety issues.
Its shares slumped 7.84% to R49.60 after the news, putting them on track for their worst day in about two years. By 1.35pm the stock was trading at R49.73, down 7.6%. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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