4.8500 0.00 (0.00%)
After hours: 5:05PM EDT
|Bid||4.7100 x 900|
|Ask||4.8400 x 27000|
|Day's Range||4.5900 - 4.8500|
|52 Week Range||2.0200 - 4.9400|
|Beta (3Y Monthly)||-0.11|
|PE Ratio (TTM)||86.61|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.85|
South Africa's Sibanye-Stillwater is to sell a 51% stake in its PGM-copper project in northern Ontario to Generation Mining Ltd in a deal to further develop the asset, the previous miner said on Wednesday. Sibanye-Stillwater will receive 3.0 million Canadian dollars ($2.28 million) in upfront proceeds and 11 million shares at 0.2714 Canadian dollars per share in Generation Mining, equating to a 12.9% equity stake.
After a strong three-day run on central bank dovishness, the indices are resting Friday. It is a summer Friday and it has been a good week for the bulls so there are plenty of market participants that are happy to do a little selling and head out early.
Building on operations spun out of Gold Fields Ltd., Sibanye became the No. 1 miner in South Africa’s waning gold industry. Now, with the acquisition of Lonmin Plc, Chief Executive Officer Neal Froneman has completed Sibanye’s transformation to a giant of the nation’s key platinum sector. “This makes Sibanye an integrated platinum producer at a bargain price,” said Bernard Swanepoel, a former chief of Harmony Gold Mining Co. who now sits on the board of Impala Platinum Holdings Ltd.
Earlier on Tuesday, Sibanye-Stillwater said 87% of its shareholders backed the all-share offer, which it revised last month to value the struggling Lonmin at 226 million pounds ($286 million), 60 million pounds less than originally proposed. Lonmin was hit hard by the drop in platinum prices and has had to cut spending and jobs in order to retain a positive balance sheet, a condition of Sibanye's proposed offer. Shares in London-listed Lonmin were up 5.2% at 1131 GMT, while Sibanye's were up 5.8%.
Before we spend days researching a stock idea we'd like to take a look at how hedge funds and billionaire investors recently traded that stock. S&P 500 Index ETF (SPY) lost 13.5% in the fourth quarter. Seven out of 11 industry groups in the S&P 500 Index were down more than 20% from their 52-week […]
South Africa's department of mineral resources says all 1,800 miners who had been caught underground have been freed overnight. Mining company Sibanye-Stillwater on Tuesday said some rails that were being ...
South Africa's department of mineral resources says plans are underway to free a large number of miners caught underground by hoisting them up an adjoining shaft. The department says it has an inspector monitoring the situation at the Thembelani shaft in Rustenberg run by mining company Sibanye-Stillwater.
Gold futures settle at their highest in nearly two weeks on Tuesday, logging a second straight finish above $1,300 as weakness in the U.S. dollar and concerns over global growth provide a runway higher for the precious metal.
The Zacks Analyst Blog Highlights: Kirkland Lake Gold, Osisko Gold Royalties and Sibanye Gold
Even though gold prices slipped on a stronger dollar, it will eventually pick up this year. We suggest few promising gold mining stocks to add to your portfolio.
HENDERSON, NV / ACCESSWIRE / March 13, 2019 / With most of the headlines focused on Barrick and Newmont, it'd be easy to miss all the big news from smaller gold stocks with high upside. Below are a few ...
The gold industry is a capital-intensive space comprised of companies involved in different steps of the production process, including exploration, development and full-fledged mining. The gold industry has long been viewed as a safe haven in times of geopolitical uncertainty, as gold investments have been used for both portfolio diversification and as a hedge against US currency weakness and high inflation. Gold was one of the first storehouses of value, and is an important mined commodity.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Sibanye Gold Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.