Sibanye Stillwater reports on US PGM recycling operations
During Q3 2024, the PGM recycling operation fed an average of 10.6 tonnes per day (tpd), a 12% increase compared to 9.5 tpd rate for Q3 2023. Recycled ounces sold of 81,228 3Eoz increased from 77,679koz for Q3 2023, but due to a 42% decline in the average 3E PGM recycle basket price to US$1,293/3Eoz, adjusted EBITDA declined to US$5 million (R98 million) from US$8 million (R147 million) for Q3 2023.
The integration of the Reldan recycling operation, since acquisition in March 2024, continues to progress according to schedule with synergies and other opportunities for value realisation being actively driven.
Reldan processed 1,263,545 million lbs of mixed scrap and sold 31,006 oz gold, 432,996 oz silver, 4,707 oz platinum, 6,628 oz palladium, and 794,476 million lbs of copper, contributing adjusted EBITDA of US$8 million (R149 million) to the Group for Q3 2024.
