South African diversified miner Sibanye Stillwater is discussing with lenders to temporarily lift limits on borrowings, it said on Friday, after weak platinum group metal prices drove earnings 72% lower in the March quarter.
Sibanye CEO Neal Froneman said in the update that declining earnings could impact the company’s debt covenants – formal agreements between a borrowing company and its lenders that the company will operate within certain limits.He said Sibanye was also “focusing on the balance sheet with a view to increasing liquidity through a number of non-debt instruments such as pre-pays and streams”.Metals streaming involves selling future metals production in return for an upfront cash payment.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite: