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Sibanye-Stillwater expects first-half profit on higher metals prices

From uk.reuters.com

South Africa’s Sibanye-Stillwater expects to swing to a profit in the first half of 2020, boosted by higher precious metals prices and a weaker rand currency, the miner said on Friday, sending its shares up sharply. Shares in Sibanye, which said it remains positive about its performance in the second half of the year, were up 11.16% at 55.30 rand by 0836 GMT. The precious metals producer, said headline earnings per share (HEPS) for the six months to June is expected to be 350 cents compared with a loss per share of 54 cents a year earlier when it was hit by strikes. Sibanye said the inclusion of the Marikana ... (full story)

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  • Category: Fundamental Analysis