Sibanye-Stillwater Sees Lower 1st Half EPS After Gold Output Was Hit by Strike Action
17 Août 2022 - 9:03AM
Dow Jones News
By Kyle Morris
Sibanye-Stillwater Ltd. said in a trading update Wednesday that
it expects to report lower earnings per share for the first half of
2022 after booking a reduction in gold production in the second
quarter due to strike action.
The Johannesburg-listed precious metals miner said that it
expects to report earnings per share and headline earnings per
share for the first half of between 402 and 447 South African rand
cents (25-27 U.S. cents) compared with EPS and HEPS of 843 South
African rand cents a year earlier.
Second-quarter gold production from the South African operations
fell due to the industrial action between March 9 and June 13.
Production from U.S. platinum group metals operations in the
second quarter was also significantly hit by severe regional
flooding in Montana, with operations being suspended for a
seven-week period, it said.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
August 17, 2022 02:48 ET (06:48 GMT)
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