Sibanye-Stillwater to Simplify Operations, Cut Costs Under New Strategy

Dow Jones01-29
 

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)

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