Sibanye Stillwater: Century operation produces 25kt of zinc metal Q3 2023

Sibanye-Stillwater acquired full ownership of Australia’s New Century Resources Limited during H1 2023, enhancing the Group’s exposure to tailings retreatment and complementing its existing investment in DRDGOLD. The integration of the Australian regional structures and assets into Sibanye-Stillwater is progressing well.

Production from the Century operation recovered strongly from the flood impacted H1 2023. For Q3 2023, the Century operation produced 25kt of zinc metal (payable), an increase from the 23kt produced in Q2 2023. AISC for Q3 2023 of US$1,753/tZn (R32,587/tZn) was 13% lower than for Q2 2023, resulting in a significant financial turnaround, with the Century operation recording a R53 million (US$3 million) adjusted EBITDA profit compared with an R433 million (US$23 million) loss for the previous quarter (Q2 2023). The Century operation invested US$2 million (R34 million) on capital expenditure in Q3 2023.