Sibanye Stillwater CEO says may close metals streaming deal in Q3

seekingalpha06-26

Sibanye Stillwater (NYSE:SBSW) may close a metals streaming deal during Q3 that would raise cash to help boost its balance sheet, CEO Neal Froneman said Tuesday. Potential financiers are conducting ...

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Potential financiers are conducting ...</p>\n\n<a href=\"https://seekingalpha.com/news/4119116-sibanye-stillwater-ceo-says-may-close-metals-streaming-deal-in-q3\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sibanye Stillwater CEO says may close metals streaming deal in Q3</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSibanye Stillwater CEO says may close metals streaming deal in Q3\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-26 02:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4119116-sibanye-stillwater-ceo-says-may-close-metals-streaming-deal-in-q3><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sibanye Stillwater (NYSE:SBSW) may close a metals streaming deal during Q3 that would raise cash to help boost its balance sheet, CEO Neal Froneman said Tuesday. Potential financiers are conducting ...</p>\n\n<a href=\"https://seekingalpha.com/news/4119116-sibanye-stillwater-ceo-says-may-close-metals-streaming-deal-in-q3\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SBSW","symbol_name":"Sibanye Gold Limited","start_time":0,"source_url":"https://seekingalpha.com/news/4119116-sibanye-stillwater-ceo-says-may-close-metals-streaming-deal-in-q3","article_id":"2446878438","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/936418814/image_936418814.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2446878438","pubTimestamp":1719340450,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Sibanye Stillwater  may close a metals streaming deal during Q3 that would raise cash to help boost its balance sheet, CEO Neal Froneman said Tuesday. Potential financiers are conducting due diligence at Sibanye , Froneman told Reuters at a mining conference in London. \"We've got a number of parties on site doing due diligence so I'm confident within the third quarter we'll certainly be able to complete that process,\" Froneman said. The South African miner is seeking to raise more than $500M to shore up its balance after earnings plunged due to a rout in prices for platinum group metals. Sibanye  \"isn't short of money,\" and has roughly six months of working capital, but earnings are under pressure from weak metal prices and spending on its Keliber lithium project in Finland, which Froneman said will continue to advance despite falling lithium prices. Earlier this month, the company won some breathing space for its balance sheet after lenders of its revolving credit facilities agreed to","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SBSW":"Sibanye Gold Limited","BK4188":"贵重金属与矿石"},"translate_title":"Sibanye Stillwater首席执行官表示可能会在第三季度完成金属流媒体交易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SBSW":1},"content_text":"Sibanye Stillwater (NYSE:SBSW) may close a metals streaming deal during Q3 that would raise cash to help boost its balance sheet, CEO Neal Froneman said Tuesday. Potential financiers are conducting due diligence at Sibanye (SBSW), Froneman told Reuters at a mining conference in London. \"We've got a number of parties on site doing due diligence so I'm confident within the third quarter we'll certainly be able to complete that process,\" Froneman said. The South African miner is seeking to raise more than $500M to shore up its balance after earnings plunged due to a rout in prices for platinum group metals. Sibanye (SBSW) \"isn't short of money,\" and has roughly six months of working capital, but earnings are under pressure from weak metal prices and spending on its Keliber lithium project in Finland, which Froneman said will continue to advance despite falling lithium prices. 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