Communicators

are winners!

News

09.04.2019
Sibanye Gold Limited: Filing of the 2018 Form 20-F and additional disclosures

Filing of the 2018 Form 20-F and additional disclosures

 

Johannesburg, 9 April 2019: Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL) http://www.commodity-tv.net/c/search_adv/?v=298294 advises that in addition to the annual suite of reports released on 29 March 2019, it has filed its Form 20-F annual report for the fiscal year ended 31 December 2018 with the U.S. Securities and Exchange Commission on 8 April with effective date 9 April 2019. The report is available at

https://www.sibanyestillwater.com/investors/financial-reporting/annual-reports/2018 .

 

The Form 20-F confirms the Revenue for the year ended 31 December 2018(FY18)of R50,656 million, adjusted EBITDA of R8,369 million and a total loss of R2,521million, compared with revenue of R45,912 million, adjusted EBITDA of R9,045million and a total loss of R4,433 million for the year ended 31 December 2017(FY17).

 

Total FY18 gold production of 36,600kg (including DRDGOLD) and a “like for like”gold production of 34,676kg (excluding DRDGOLD and Cooke underground), compared with total FY17 gold production of 43,634kg. Sibanye-Stillwater total FY18 4E PGMproduction was 1.18moz compared with 1.19moz during FY17, while the 2E PGMproduction from the US PGM operations was 0.593moz compared with 0.376moz in FY17(for eight months since acquisition in May 2017).

 

The expected Q1 2019 production results included in the Form 20-F are as follows:

 

Attributable production from the SA PGM operations is estimated to be approximately 234,000 4Eoz and in line with annual guidance.

 

The US PGM operations experienced a slower than planned start to the year producing an estimated 131,000 2Eoz, with lower production volumes resulting in temporarily elevated costs. Sales however, were in line with plan. Production is planned to return to normal levels from Q2 2019 and full year production guidance remains unchanged.

 

Production from the SA gold operations for Q1 2019 will be negatively impacted by the ongoing AMCU strike and is expected to be approximately 104,000oz, 90% of what was planned under strike conditions, and 36% of production levels relative to the same period in 2018. Unit operating and all in sustaining costs will be negatively impacted by the reduced production levels.

 

The full Form 20-F contains other important information for shareholders and should be read in full, including theRisk Factors”.

 

Investor relations contact:

 

Email: ir@sibanyestillwater.com

James Wellsted

Head of Investor Relations

+27 (0) 83 453 4014

 

In Europe:

Swiss Resource Capital AG

Jochen Staiger

info@resource-capital.ch  

www.resource-capital.ch

 

Sponsor: J.P. Morgan Equities South Africa Proprietary Limited

 

FORWARD LOOKING STATEMENTS

This announcement includesforward-looking statementswithin the meaning of the safe harbourprovisions of the United States Private Securities Litigation Reform Act of 1995, including the statements related to expected production volumes].

 

Forward-looking statements may be identified by the use of words such astarget”, “will”, “forecast”, “expect”, “potential”, “intend”, “estimate”, “anticipate”, “can and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The forward-looking statements set out in this announcement involve a number of known and unknown risks, uncertainties and other factors, many of which are difficult to predict and generally beyond the control of Sibanye-Stillwater, that could cause Sibanye-Stillwater’s actual results and outcomes to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. These forward-looking statements speak only as of the date of this announcement. Sibanye-Stillwater undertakes no obligation to update publicly or release any revisions to these forward- looking statements to reflect events or circumstances after the date of this announcement or to reflect the occurrence of unanticipated events, save as required by applicable law.

 



NEWSLETTER REGISTRIERUNG:



Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
Newsletter...

Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender verantwortlich.

Kostenloser Abdruck mit Quellenangabe erlaubt.