By Adam Whittaker
Precious-metal miner Sibanye-Stillwater said it would simplify operations and cut costs under a revised strategy.
The South African company updated its strategy Thursday, targeting cost savings of 3 billion South African rand ($190.2 million) a year by 2027.
The miner is aiming for a 50% reduction in gross debt within three years. Gross net debt currently sits at around $2.2 billion, it said.
Sibanye-Stillwater said it would improve how it mines its assets in order to extract more value from them. This should help deliver a roughly 2.5% rise in production, measured in gold equivalent ounces, against a prior plan.
Write to Adam Whittaker at adam.whittaker@wsj.com
(END) Dow Jones Newswires
January 29, 2026 08:06 ET (13:06 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments