Sibanye-Stillwater: Operating update for H1 2023 compared to H1 2022
4E PGM production from the SA PGM operations, including the purchase of concentrate (POC) of 848,723 4Eoz, was flat compared to H1 2022 of 849,152 4Eoz, reflecting another solid operational performance and commendable management of elevated levels of load curtailment during H1 2023.
Mined 2E PGM production from the US PGM operations of 205,513 2Eoz (H1 2022: 230,039 2Eoz) was 11% lower year-on-year primarily due to the shaft incident at the Stillwater West mine and ongoing critical skills shortages, which continue to affect productivity.
Recycling ounces fed during H1 2023 decreased by 55% to 162,452 3Eoz year-on-year mainly due to lower receipt rates as a consequence of the market downturn.
Production from the SA managed gold operations (excluding DRDGOLD) increased by 233% in H1 2023 to 10,411kg (334,721 oz) compared with H1 2022, mainly reflecting the recovery in production from the SA gold operations following the suspension of operations for an extended period during H1 2022 as a result of the industrial action and consequent lockout.
Sibanye-Stillwater is a multinational mining and metals processing group with a diverse portfolio of operations, projects and investments across five continents. The Group is also one of the foremost global recyclers of PGM autocatalysts and has interests in leading mine tailings retreatment operations.
Sibanye-Stillwater has established itself as one of the world’s largest primary producers of
platinum, palladium, and rhodium and is a top tier gold producer. It also produces and refines iridium and ruthenium, nickel, chrome, copper and cobalt. The Group has recently begun to build and diversify its asset portfolio into battery metals mining and processing and is increasing its presence in the circular economy by growing and diversifying its recycling and tailings reprocessing operations globally. For more information refer to www.sibanyestillwater.com.
