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Sibanye Stillwater expects half-year loss as PGM prices slump

Sibanye Stillwater expects to report a half-year loss due to writedowns on its U.S. assets in Montana.

By: Seeking Alpha

Sep 04 2024
2
203 Views

Sibanye Stillwater expects half-year loss as PGM prices slump — Sibanye Stillwater expects hal

Sibanye Stillwater (NYSE:SBSW) -7.4% in Tuesday's trading after saying it expects to report a half-year loss, as sliding palladium prices led to a 7.5B South African rand (~$420M) writedown on its U.S. assets. Sibanye (SBSW) said it expects to swing ... [1299 chars]

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