Sibanye Stillwater Reports Strong Q2 Earnings Amid Higher Commodity Prices
Sibanye Stillwater (NYSE: SBSW) reported strong second-quarter earnings for 2026, driven by higher commodity prices and improved operational performance. Revenue reached R90 billion ($5.5 billion), a 64% increase year-over-year, while adjusted EBITDA rose to R31.8 billion ($1.9 billion). The company posted a profit of R18.8 billion ($1.1 billion) compared to a loss in the same period last year due to impairment charges. The firm reduced its gross debt by 18% since late 2025, bringing it down to R32.1 billion ($1.99 billion), and declared an interim dividend of R2.01 per share totaling $352 million. Despite production declines in some segments due to operational challenges like lower grades at East Boulder mine and maintenance issues, the company's recycling division saw a 142% increase in sales volume following its acquisition strategy. Capital expenditures for the first half of the year totaled R8.2 billion, with significant investments directed toward ore reserve development and growth projects such as Burnstone and Mt Lyell.
Tickers: $SBSW
Topics: Commodity Prices Dividend Payout Earnings Gold Production Platinum Group Metals (PGM)