Latest news with #SibanyeStillwater
Yahoo
3 days ago
- Business
- Yahoo
Why Sibanye Stillwater Limited (SBSW) Soared On Thursday
We recently published a list of . In this article, we are going to take a look at where Sibanye Stillwater Limited (NYSE:SBSW) stands against other best-performing stocks on Thursday. Sibanye Stillwater grew its share prices by 7.79 percent on Thursday to finish at $6.50 apiece as investors flocked to mining stocks following the rally in gold prices. On Thursday, spot prices of gold held on to its level, growing 0.17 percent at $3,358.35 per troy ounce, as traders resorted to such asset to minimize risks from the ongoing trade tensions between the US and China. A mining truck loaded with precious metals in an open pit mine. In recent news, Sibanye Stillwater Limited (NYSE:SBSW) announced a more optimistic business outlook for the rest of the year. According to Sibanye Stillwater Limited (NYSE:SBSW) CEO Neal Froneman, he expects the company to continue posting positive outcomes from its actions over the past two years. In the first quarter of the year, Sibanye Stillwater Limited (NYSE:SBSW) registered an 89-percent jump in adjusted EBITDA of $222 million as a result of its diversification and restructuring program. Among its businesses, PGM operations was the strongest, contributing $137 million. 'The increase in Group adjusted EBITDA for Q1 2025 was not solely a function of our leveraged exposure to the increasing gold price, but reflects the combined outcome of operational restructuring we implemented from H2 2023, which has resulted in increased profitability from most of our operations,' he said. 'Along with reduced future annual capital requirements, we believe that this result signals a clear inflection point for the Group, and is set to position us to realize ongoing value for stakeholders,' he added. Overall, SBSW ranks 8th on our list of best-performing stocks on Thursday. While we acknowledge the potential of SBSW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
02-06-2025
- Business
- Yahoo
Gold Smelting Market Report 2025, with Profiles of Newmont, Barrick Gold, Agnico Eagle Mines, Polyus Gold International, AngloGold Ashanti, Zijin Mining Group, Gold Fields & more
Growth in the gold smelting market is driven by rising demand in jewelry, electronics, and investment sectors, along with advancements in eco-friendly smelting technologies. Key players include Newmont Corporation, Barrick Gold Corporation, and Sibanye Stillwater Limited. Gold Smelting Market Dublin, June 02, 2025 (GLOBE NEWSWIRE) -- The "Gold Smelting Market Report 2025" has been added to offering. The global gold smelting market is experiencing robust growth, with significant expansion observed over recent years. In 2024, the market size is projected to reach $27.89 billion, growing to $29.94 billion in 2025 at a CAGR of 7.3%. This growth in the historical period is largely driven by increased demand for gold in various sectors, such as jewelry, electronics, and industrial applications. The surge in gold mining and exploration activities, coupled with heightened environmental regulations and sustainability efforts, has also played a crucial role. Looking ahead, the gold smelting market is forecasted to expand further, reaching $39.33 billion by 2029 at a CAGR of 7.1%. This anticipated growth can be attributed to rising gold prices and increased demand for gold across jewelry, electronics, and investment sectors. Additionally, the expansion of electronic waste recycling and a growing appetite for gold as a safe-haven asset are expected to drive market dynamics. Emerging markets are also seeing economic growth that contributes to this trend. Technological advancements in smelting processes and the development of more environmentally friendly methods are some of the key trends expected to shape the market. The jewelry and luxury goods industries are pivotal in this context, as they require high-purity gold for manufacturing fine jewelry and luxury products. An increase in disposable incomes has led to a higher consumer expenditure on high-end goods, thereby boosting demand for gold smelting. According to the World Gold Council, global demand for gold reached 4,553.7 tons in 2024, marking an increase of 61.2 tons compared to the previous year. This demand surge is significantly driving the gold smelting market. Strategic expansions are underway within the industry, with companies enhancing their refining capabilities. A notable development in this regard occurred in August 2024 when Royal Ghana Gold Refinery, in partnership with Rosy Royal Minerals and Ghana's central bank, inaugurated a new facility with a 400 kilograms per day processing capacity. This venture aims to combat revenue loss from unrefined gold exports and illicit gold smuggling. Moreover, in October 2024, StoneX Group Inc. bolstered its market position by acquiring JBR Recovery Ltd.'s precious metal recovery and refining business. This acquisition enhances StoneX's capabilities in metal trading, recycling, and refining, thus offering a comprehensive lifecycle service to its clients. The gold smelting market is dominated by major players such as Newmont Corporation, Barrick Gold Corporation, and Sibanye Stillwater Limited, among others. North America emerged as a leading region in 2024, with the market spanning across regions including Asia-Pacific, Western and Eastern Europe, and more. Countries like the USA, China, India, and Brazil are key contributors to this market, highlighting its global scope. This burgeoning market will continue to evolve, driven by technological innovation, regulatory landscapes, and fluctuating economic conditions. As such, stakeholders must stay abreast of these changes to leverage potential opportunities effectively and sustain growth in this dynamic industry. Report Scope Markets Covered: By Type: Cupellation, Electrolysis, Refining By Gold Source: Ore, Recycled Gold, Placer Gold By Application: Jewelry, Electronics, Dentistry, Investment Subsegments: By Cupellation: Fire Assay Method, Lead-Based Smelting, Oxidation Process By Electrolysis: Wohlwill Process, Electrolytic Refining, Electro-Winning Process By Refining: Miller Process, Aqua Regia Process, Chlorination Process Key Attributes: Report Attribute Details No. of Pages 175 Forecast Period 2025 - 2029 Estimated Market Value (USD) in 2025 $29.94 Billion Forecasted Market Value (USD) by 2029 $39.33 Billion Compound Annual Growth Rate 7.1% Regions Covered Global Key Topics Covered: Executive Summary Gold Smelting Market Characteristics Gold Smelting Market Trends and Strategies Gold Smelting Market - Macro Economic Scenario Global Gold Smelting Growth Analysis and Strategic Analysis Framework Global Gold Smelting PESTEL Analysis Analysis of End Use Industries Global Gold Smelting Market Growth Rate Analysis Global Gold Smelting Historic Market Size and Growth Global Gold Smelting Forecast Market Size and Growth Global Gold Smelting Total Addressable Market (TAM) Gold Smelting Market Segmentation Segmentation by Type Segmentation by Gold Source Segmentation by Application Sub-Segmentation of Cupellation Sub-Segmentation of Electrolysis Sub-Segmentation of Refining Gold Smelting Market Regional and Country Analysis Asia-Pacific Gold Smelting Market China Gold Smelting Market India Gold Smelting Market Japan Gold Smelting Market Australia Gold Smelting Market Indonesia Gold Smelting Market South Korea Gold Smelting Market Western Europe Gold Smelting Market UK Gold Smelting Market Germany Gold Smelting Market France Gold Smelting Market Italy Gold Smelting Market Spain Gold Smelting Market Eastern Europe Gold Smelting Market Russia Gold Smelting Market North America Gold Smelting Market USA Gold Smelting Market Canada Gold Smelting Market South America Gold Smelting Market Brazil Gold Smelting Market Middle East Gold Smelting Market Africa Gold Smelting Market Gold Smelting Market Competitive Landscape and Company Profiles Gold Smelting Market Competitive Landscape Gold Smelting Market Company Profiles Gold Smelting Market Other Major and Innovative Companies Global Gold Smelting Market Competitive Benchmarking and Dashboard Key Mergers and Acquisitions in the Gold Smelting Market Recent Developments in the Gold Smelting Market Gold Smelting Market High Potential Countries, Segments and Strategies Countries Offering Most New Opportunities Segments Offering Most New Opportunities Growth Strategies Companies Featured The companies featured in this Gold Smelting market report include: Newmont Corporation Barrick Gold Corporation Sibanye Stillwater Limited Agnico Eagle Mines Limited AngloGold Ashanti Limited Gold Fields Limited Polyus Gold International Newcrest Mining Limited Kinross Gold Corporation Northern Star Resources Limited Harmony Gold Mining Company Limited Kirkland Lake Gold Ltd. Yamana Gold Inc. B2Gold Corp. Evolution Mining Limited Eldorado Gold Corporation OceanaGold Corporation Equinox Gold Corp. Alamos Gold Inc. Lundin Gold Inc. Hecla Mining Company Resolute Mining Limited China National Gold Group Corporation. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Gold Smelting Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
News24
25-05-2025
- Entertainment
- News24
IN PICTURES Headline news of the week
A curated collection of images capturing the defining moments of the week – from major headlines and global developments to moving stories of resilience, celebration, and change. These photographs offer a compelling window into the events that shaped both South Africa and the broader world over the past seven days. Frennie Shivambu / Gallo Images Kirsty Wigglesworth / AP Adrees Latif / Reuters Vyacheslav Prokofyev, Sputnik, Kremlin Pool Photo via AP Valery Hache / AP Kevin Wolf / AP Content Services for Zero to Three The remains of a T-34 trainer that was destroyed by severe weather sit on the tarmac at the London-Corbin Airport in London. Timothy D. Easley / AP Sue Ogrocki / AP Mine workers gather together after being rescued from underground at the Sibanye Stillwater mine in Westonaria, near Johannesburg. They were trapped underground at one of the shafts at the Kloof gold mine. Siphiwe Sibeko / Reuters Franco Origlia / Getty Images
Daily Express
25-05-2025
- Business
- Daily Express
South Africa rescues all 260 miners stuck underground
Published on: Sunday, May 25, 2025 Published on: Sun, May 25, 2025 Text Size: Some of the resurfaced 260 employees stuck underground sit inside a bus as they leave the South Africa's Sibanye Stillwater's Kloof 7 sub-shaft in Westonaria. WESTONARIA: Rescuers pulled out all 260 mine workers who had been stuck for more than 24 hours in an underground shaft in South Africa, the mine's operator said. The miners were trapped underground on Thursday at the Kloof gold mine, 60 kilometres (37 miles) west of Johannesburg, after a hoist used to access the shaft was damaged in an accident, the mining company Sibanye-Stillwater said. The first phase of the rescue brought 79 people to the surface by 1:30 pm (1130 GMT) while the rest were rescued six hours later, it said in a statement. 'At no point was there any risk of injury to employees during the incident,' it said. A decision had been made against using the emergency escape routes which would have involved the miners walking longer distances, it added. The gold mine is one of the deepest operated by the Johannesburg Stock Exchange-listed company. Desperate relatives of the miners waited outside the site during the rescue efforts, most of them expressing shock at the incident, local television footage showed. Advertisement 'All affected employees will also undergo thorough medical examinations, if required, while support has also been extended to employees' families,' the mining company said. The National Union of Mineworkers said the incident happened around 10am (0800 GMT) on Thursday. It expressed concern for the miners who had been 'underground for almost 20 hours'. Sibanye-Stillwater had said earlier that the miners would be brought to the surface around midday Friday. 'The employees are not trapped; it was decided to keep them at the sub-shaft station for now,' spokesperson Henrika Ninham said. Mining employs hundreds of thousands of people in South Africa, which is the biggest exporter of platinum and a major exporter of gold, diamonds, coal and other raw materials. But accidents are common. Dozens of mineworkers are killed each year, though the numbers have been falling as safety standards have been stepped up over the past two decades. According to industry group Minerals Council South Africa, 42 miners died in 2024, compared to 55 the previous year. Sibanye-Stillwater chief executive Neal Froneman said Friday they would not resume operations 'until we are confident that all the necessary remedial actions have been implemented'. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Reuters
24-05-2025
- General
- Reuters
Nearly 300 workers trapped in South African gold mine
South Africa's Sibanye-Stillwater SSWJ.J said on Friday that it was working to bring to the surface 260 miners, who were stuck underground at one of its gold mines after the hoist system used to access the shaft was damaged in an accident. Alice Rizzo reports.
