ADR price
$12.46
▲ 1.59%

Sibanye-Stillwater shares advanced on Friday as the miner projected a significant rebound in first-half earnings. The uptick is attributed to higher gold and platinum-group-metal prices, not to a widespread increase in production.
| Metric | H1 change |
|---|---|
| SA gold price received | +35% |
| SA PGM basket price | +67% |
| US PGM basket price | +70% |
| SA PGM sales | +12% |
| Recycled ounces sold | +142% |
| Measure | H1 2025 | H1 2026 expected | Change |
|---|---|---|---|
| Headline EPS | 190 SA cents | 571–631 SA cents | More than +200% |
| Basic EPS | −127 SA cents | 597–658 SA cents | More than +560% |
| Revenue less cash cost* | Baseline | More than 2× | Margin expansion |
*Revenue less cost of sales before amortization and depreciation.
About 13% above the $12.46 ADR price.
The U.S. PGM EBITDA decline mainly reflects non-recurring Section 45X credits recognized in the prior-year period.