News
SBSW
5.32
-1.85%
-0.10
PRECIOUS-Gold set for fifth weekly gain as geopolitical risks buoy demand
Gold set for fifth weekly gain as geopolitical risks buoy demand for safe-haven assets. Spot gold up 0.4% to $2,388.49 per ounce. Bullion rose 3% so far this week. U.S. Announced sanctions on Iran after its attack on Israel. Federal Reserve faces pressure from prospect of higher-for-longer interest rates.
Reuters · 14h ago
Sibanye Stillwater shuts loss-making mineshaft, impacting 1,500 jobs
Sibanye Stillwater shuts loss-making mineshaft, impacting 1,500 jobs in South Africa. The shaft closure comes after the company failed to meet profitability goals. Sibanye stillwater said it will shut down the shaft at the Marikana operation in the country.
Seeking Alpha · 1d ago
BUZZ-U.S. STOCKS ON THE MOVE-US Health Insurers, Palisade Bio, Dynatronics
Dow e-minis expected to open higher on Tuesday. Wall Street's main stock indexes on track for a higher open. Health insurers lead the charge after upbeat results from industry major UnitedHealth. Palisade Bio, Dynatronics and Newmont among top Nasdaq percentage gainers.
Reuters · 3d ago
BUZZ-U.S. STOCKS ON THE MOVE-Macatawa Bank, Kroger, International Paper
U.S. Stock index futures edged lower on Tuesday. Dow e-minis were up 0.56% in early trading. Investors remain wary of the conflict in the Middle East. Macatawa Bank, Kroger, International Paper are among the top stocks on the day.
Reuters · 3d ago
BUZZ-US shares of Barrick Gold fall on lower Q1 prelim production
U.S. Shares of Canadian gold miner Barrick Gold fall 1.4% to $17.12 premarket. Co reports lower prelim Q1 production for gold and copper due to planned maintenance at gold mines and lower metal grade at copper mines. Spot gold down 0.5%.
Reuters · 3d ago
BUZZ-Gold miners drop as bullion falls amid high U.S. Treasury yields
Spot gold down 0.5% at $2370.44/ounce. Shares of gold miners fall premarket as bullion falls amid high U.S. Treasury yields. Top gold miners Newmont and Barrick Gold both down 1.3%. Shares of South African miners also drop premarket.
Reuters · 3d ago
Sibanye Stillwater: The Tide May Be Turning
Sibanye Stillwater Limited's stock has underperformed the market over the past 3 years, down 65% compared to the S&P 500's return of 22%. The company's stock price may have hit a bottom and there's potential for a recovery. Despite falling metal prices, the company's cost-cutting efforts and focus on the green metals market make it undervalued with potential for growth. I reaffirm my "Buy" rating on SBSW.
Seeking Alpha · 3d ago
Weekly Report: what happened at SBSW last week (0408-0412)?
Weekly Report · 4d ago
UPDATE 1-US moves closer to approving ioneer's Nevada lithium mine
US moves closer to approving ioneer's Nevada lithium mine in Nevada. The project would be a key supplier of the electric vehicle battery metal to Ford Motor F.N and others. The proposed mine contains one of North America's largest sources of lithium. The site is also home to a rare flower found nowhere else on the planet.
Reuters · 6d ago
Argan Reports Upbeat Earnings, Joins Coupang And Other Big Stocks Moving Higher On Friday
Shares of Argan, Inc. Rose sharply on Friday as the company reported better-than-expected results for its fourth quarter. The Dow Jones index fell over 250 points on Friday. Globe Life Inc. Shares rose 17% to $57.28 amid volatility. U.S. Stocks were lower in today's session.
Benzinga · 04/12 14:19
BUZZ-Gold miners jump as bullion hits record high
Spot gold up 1% at $2,396.01/ounce. Shares of gold miners rise as bullion extends its record run. Top miners Newmont and Barrick Gold gain 2% and 1.6%. South African miners AngloGold Ashanti and Harmony Gold also rise.
Reuters · 04/12 09:24
PRECIOUS-Gold prices hit record highs on safe-haven demand
Gold prices hit record highs on safe-haven demand. Spot gold up 0.6% to $2,386.38 per ounce. U.S. Gold futures hit a record high of 2,389.29. Strong economic data failed to dampen bullion's allure.
Reuters · 04/12 01:35
Sibanye Stillwater's South Africa restructure could cut 4,000 jobs
Sibanye Stillwater's South Africa restructure could cut 4,000 jobs. The company suffered a $2B loss in FY 2023 on the back of weak metal prices. The miner already had cut 2,000 South African jobs in its platinum group metal operations.
Seeking Alpha · 04/11 15:17
PRECIOUS-Gold edges higher after softer US PPI data
Gold edges higher after softer-than-expected US PPI data US Producer Price Index rose 0.2% month-on-month in March. Data showed March US CPI increased more than expected. Spot gold rose 1.1% to $2,360.52 per ounce. Bullion prices hit an all-time high for eighth straight session on Tuesday.
Reuters · 04/11 14:03
Sibanye Stillwater: Bet On Growing PGM Deficit (Rating Upgrade)
Sibanye Stillwater's 2023 results are promising, considering the PGM bear market. Major automakers announced their intentions to keep ICE production for the foreseeable future. The company took successful cost-cut measures, resulting in $375 million savings. The PGM market is showing signs of improvement and SBSW is an excellent way to bet on that. SBSw keeps a strong balance sheet with ample liquidity and is dirt cheap.
Seeking Alpha · 04/11 02:39
PRECIOUS-Gold flat as sticky US inflation tempers hopes for early rate cut
Gold flat as sticky US inflation tempers hopes for early interest rate cut. U.S. Consumer prices rise more than expected in March. Spot gold hits a record high for an eighth straight session. The dollar and Treasury yields firmed after the inflation data. Gold hit a five-month high on Wednesday.
Reuters · 04/11 01:50
Sibanye may seek $500M through streaming, other deals to boost cash - Reuters
Sibanye may seek $500M through streaming, other deals to boost cash. CEO Neal Froneman says company is starting to see benefits of restructuring at its South African platinum and gold mines. Sibanye's balance sheet likely to come under pressure this year, analysts say.
Seeking Alpha · 04/10 15:36
BUZZ-Gold miners fall as US dollar, yields strengthen
Spot gold down 0.9% at $2,330.57/ounce. Shares of gold miners fall as bullion prices slip from record-high levels. U.S. Dollar and Treasury yields strengthen after stronger-than-expected inflation print. Top miners Newmont and Barrick fall 2.2% and 2.1%.
Reuters · 04/10 13:55
BUZZ-Gold miners climb as bullion extends record run
Spot gold XAU= up 0.9% at $2360.18/ounce. Shares of gold miners rise as bullion extends its record run. Top miners Newmont and Barrick Gold gain 2.3% and 3.3%. Spot gold is fueled by buying momentum and geopolitical risks.
Reuters · 04/09 14:43
Jim Cramer Was Upset At This Hostile Takeover, But 'They Fixed The Situation. Stock's Been A Horse'
Jim Cramer said he prefers Abbott Laboratories over Penumbra. The "Mad Money" host said Emerson Electric Co. Is now working. Ford Motor Company is doing well and the company's stock is starting to come back, he said. Cramer was on CNBC's 'Mad Money Lightning Round'
Benzinga · 04/09 13:10
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About SBSW
Sibanye Stillwater Limited is a multinational mining and metals processing group with a diverse portfolio of operations, projects, and investments across five continents. It is a platinum group metals (PGMs) automotive catalytic recycler and also has interests in mine tailing’s retreatment operations. It holds various interests in a pipeline of exploration stage projects throughout the Americas: Rhyolite Ridge, Altar, Rio Grande, and Marathon. Its Southern African PGM projects include Marikana K4, Klipfontein, Blue Ridge, Akanani and Limpopo, which are all located in the Bushveld Complex in South Africa. It also has two advanced gold projects underway in South Africa: Burnstone and the Southern Free State (SOFS) project. In Europe, it has the Keliber lithium project and Sandouville hydrometallurgical nickel processing facilities. It also operates the New Century zinc tailings retreatment operation in Queensland, Australia. The Company also owns the Kroondal operation.