Editor’s Note
Sibanye Stillwater has reinstated its dividend after a rally in precious metals prices boosted earnings, signaling a recovery from recent asset writedowns.
Sibanye Restores Dividend After Precious Metals Rally
Sibanye Stillwater Ltd. will pay its first dividend since 2023, after gold and the other precious metals it produces rallied last year.
The South African miner announced a payout to shareholders of 3.7 billion rand ($229 million) on Friday, as higher prices boosted earnings and eased the impact of asset writedowns. Its shares rose as much as 3.7% in Johannesburg.