BUZZ-Sibanye Stillwater gains after higher Q3 profit

Reuters
2024-11-05
BUZZ-Sibanye Stillwater gains after higher Q3 profit

** U.S.-listed shares of South African gold miner Sibanye Stillwater SSWJ.J, SBSW.N rise 9.1% to $4.94 premarket

** Co posts higher Q3 adjusted core profit on strong gold operations in South Africa and higher prices of the precious metal

** SBSW posts Q3 adj. EBITDA of 3.3 billion South African rand ($189.2 million) up 9% y-o-y

** Co's Q3 adj. EBITDA from South African gold operations surged to 1.35 billion rand from 344 million rand last year

** As of last close, stock is down 16.6% YTD

($1 = 17.4456 rand)

(Reporting by Vallari Srivastava in Bengaluru)

((Srivastava.Vallari@thomsonreuters.com;))

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