Sibanye CEO Eyes Future Gold M&A Worth as Much as $5 Billion [Yahoo! Finance News]
D/B/A Sibanye-Stillwater Limited ADS (SBSW)
Company Research
Source: Yahoo! Finance News
) -- Sibanye-Stillwater Ltd., the world’s top platinum miner, is hoping to buy a North American gold producer for as much as $5 billion in the next six to nine months. The Johannesburg-based producer is assessing a number of opportunities and while there are no advanced discussions underway, Sibanye is undertaking a “lot of desktop work,” Chief Executive Officer Neal Froneman said in an interview with TV at the BMO Global Metals & Mining Conference in Florida. “In terms of time scale, six to nine months we will pull the trigger,” Froneman said Monday. “Absolutely yes, we are looking at various assets, we have a number of opportunities. There is still a lot of work to do, but entering into discussions, doing a due diligence and getting all the financing in place is probably a six-month process.” Sibanye’s current portfolio is underweight gold, Froneman said in an earlier interview. The miner could be in a position to add more gold assets once it resumes dividend payouts and cuts debt.
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SBSW
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- CopperCorp Granted New Exploration Licence EL11/2024 Adjacent to Razorback Property [Yahoo! Finance]Yahoo! Finance
- Sibanye-Stillwater teams up with C5 Capital to develop advanced nuclear energy projects [Seeking Alpha]Seeking Alpha
- C5 Capital Signs MOU with Sibanye-Stillwater to Advance Nuclear Energy in South Africa, the United States and Globally [Yahoo! Finance]Yahoo! Finance
SBSW
Sec Filings
- 12/19/24 - Form 6-K
- 12/19/24 - Form 6-K
- 12/9/24 - Form 6-K
- SBSW's page on the SEC website