SBSW Research | Milton Maxwell

SBSW

Sibanye Stillwater Limited

13.69

+0.12+0.88%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q4 '25

Keliber ramp-up risks addressed

2/19/26Feb 19, 2026

Q&A drilled into Keliber details, affirming confidence in >5% spodumene grade early ramp-up and $17,500/tonne average long-term lithium price for impairments, with battery-grade hurdles at $14-15k/tonne and EUR 460M book value intact. Kloof runs year-by-year on safety grounds alone—profitable at spot gold, no extensions planned. No buybacks; capital allocation sticks to one-third split for dividends, debt cuts, growth. U.S. PGM costs rise on dev capex before $1,000/oz push. Direct answers eased lithium risks and costs. Management tone steady: organic focus matters for thesis.

Key Stats

Market Cap

9.83B

P/E (TTM)

Basic EPS (TTM)

-0.30

Dividend Yield

About

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; lithium; zinc; nickel; and silver, cobalt, and copper. Sibanye Stillwater Limited was founded in 2013 and is headquartered in Weltevredenpark, South Africa.

CEO

Dr. Richard Andrew Stewart B.Sc., BSc (Hons), M.B.A., Ph.D., Pr.Sci.Nat.

IPO

2/11/2013

Website

https://www.sibanyestillwater.com

Employees

57,857

Sector

Basic Materials

Industry

Other Precious Metals & Mining