Neal Froneman’s Sibanye-Stillwater hungry for deals – analysis of green metals portfolio Â
Neal Froneman’s Sibanye-Stillwater has confirmed it has purchased a nickel processing facility in France for around R1.5bn.
Neal Froneman’s Sibanye-Stillwater has confirmed it has purchased a nickel processing facility in France for around R1.5bn.
Improved production across all operating segments and higher precious metal prices have boosted Sibanye-Stillwater profitability.
So far this year, investors in gold and silver have made out like bandits, especially when you compare the returns of the two metals with those of stocks.
Gold topped $1,600 and palladium $2,700 on concerns over the spread of the new coronavirus and how it’s impacting global growth.
Palladium set its sights on a record $2,000 an ounce, with the metal’s blistering rally showing no sign yet of cooling off.
Mr Market has already targeted the share prices of electric car makers like Tesla (down 10% in the past month). But the unintended consequences are yet to register on the price of platinum and palladium producers.
As with all investment philosophy, when market conditions get fearful, it is time to consider investing in the market, says Liberty Corporate.
Platinum miner Lonmin said it was cash-positive in the first half of the year as it implements a cost-cutting plan to save the business.
The high priest of gold gurus, Nick Goodwin, has repeatedly warned that gold shares are for trading, not investing.
Investors cut holdings in exchange-traded funds backed by platinum for a record 13th day, with tumbling prices of the precious metal also driving shares of Lonmin, the third-biggest producer, to an all-time low.