Miningweb: Sibanye-Stillwater swings to profit as gold price soars and US operations benefit from tax credits

Key topics:

• Turnaround to profit: Sibanye-Stillwater swung to R5.4bn (US$292m) headline earnings in H1 2025, boosted by soaring gold prices and US tax credits.

• Operational highlights: SA gold EBITDA rose 118% despite a 13% production drop; US PGM units gained from Section 45X credits, while France’s nickel refinery faces closure.

• Outlook and caution: Stronger balance sheet and positive market outlook, but no interim dividend declared due to global uncertainty.

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