New York, Jan 12, 2026, 14:25 EST — Regular session
- Shares of Sibanye Stillwater jumped roughly 7% in afternoon U.S. trading, boosted by new highs in precious metals.
- Gold surged past $4,600 an ounce as investors flocked to safe havens, spurred by renewed uncertainty over U.S. policy.
- On Jan. 29, the miner outlined a strategy update, providing investors with a short-term milestone beyond just metal prices.
Sibanye Stillwater Limited’s U.S.-listed shares climbed roughly 7.3% to $16.79 in Monday afternoon trading, extending gains amid a rally in gold and other precious metals.
This shift is crucial because the market is reacting to macro shocks again, not individual mine reports. When investors rush to safety — in simple terms: they buy assets expected to retain value during turmoil — gold miners usually behave like more volatile cousins of the metal itself.
Gold soared past $4,600 an ounce for the first time, with platinum and palladium also pushing higher. “Elevated uncertainty plays directly into the gold market,” said Michael Haigh, global head of commodities research at Societe Generale, noting that the current environment shows little sign of easing. (Reuters)
Sibanye deals in gold and platinum group metals (PGMs), a set of metals crucial for autocatalysts and various industrial uses. Sharp price swings here can swiftly alter market expectations around its cash flow and balance-sheet capacity.
Other gold-linked stocks climbed too. Harmony Gold jumped roughly 9%, Gold Fields was up close to 7%, and Newmont gained around 3.6% in afternoon New York trading.
Sibanye set a marker for investors on Monday, announcing a strategy update scheduled for Jan. 29 at the JSE in Sandton, Johannesburg. The event will also be accessible via webcast and conference call. (Sibanye-Stillwater)
That hands the stock a rare, company-specific catalyst amid a market lately fixated on miners’ bullion numbers. Investors will focus sharply on any updates regarding capital spending, balance-sheet strategy, and operational goals.
The metal’s rise has largely been driven by political risks tied to the U.S. central bank. Damien Boey, portfolio manager at Wilson Asset Management, described the market moves as “broadly consistent with the playbook for an attack on the Fed’s independence.” Karl Schamotta, chief market strategist at Corpay, cautioned about “unintended consequences” stemming from intense pressure on policymakers. (Reuters)
Here’s the catch: if the policy drama eases and bullion slips back, miners might tumble even harder than the metals, especially after a sharp, crowded rally like Monday’s.
Traders are eyeing the Federal Reserve’s Jan. 27-28 meeting closely, along with Sibanye’s strategy update on Jan. 29, searching for any clues on rate moves or shifts in the company’s earnings trajectory. (Federalreserve)
