Sibanye-Stillwater to build new copper, gold mines on two continents

Mining09-01

Sibanye-Stillwater (JSE: SSW; NYSE: SBSW) has approved its Mt Lyell copper-gold project in Tasmania and Burnstone gold project in South Africa, advancing two long-life developments as stronger metals ...

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NYSE: SBSW) has approved its Mt Lyell copper-gold project in Tasmania and Burnstone gold project in South Africa, advancing two long-life developments as stronger metals ...</p>\n\n<a href=\"https://www.mining.com/sibanye-stillwater-to-build-new-copper-gold-mines-on-two-continents/\">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":"DBC","symbol_name":"商品指数ETF-PowerShares DB","start_time":0,"source_url":"https://www.mining.com/sibanye-stillwater-to-build-new-copper-gold-mines-on-two-continents/","article_id":"2664865291","we_media_id":null,"thumbnails":["https://www.mining.com/wp-content/uploads/2026/09/Mt-Lyell-copper-gold-project.png"],"rights":{"source":"mining_highlight","url":"https://www.mining.com/sibanye-stillwater-to-build-new-copper-gold-mines-on-two-continents/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2664865291","pubTimestamp":1788213780,"columns":[],"sourceInfo":{"source_id":"mining_highlight","name":"MINING.COM"},"weMediaInfo":null,"summary":"The miner is advancing new mines in Australia and South Africa as stronger metals prices…","collect":0,"end_time":0,"defaultTopTitle":"mining.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DBC":"商品指数ETF-PowerShares DB","SBSW":"Sibanye Gold Limited","DZZ":"德银黄金两倍做空ETN","GDXY":"YieldMax Gold Miners Option Income Strategy ETF","GLL":"2倍做空黄金ETF-ProShares","GLD":"黄金ETF-SPDR","DGP":"二倍做多黄金ETN(PowerShares)","UGL":"2倍做多黄金ETF-ProShares","PICK":"iShares MSCI Global Metals & Mining Producers ETF","RING":"iShares MSCI Global Gold Miners ETF","OUNZ":"VanEck Merk黄金股票基金","DULL":"MICROSECTORS GOLD -3X INVERSE LEVERAGED ETN","BTGD":"STKD Bitcoin & Gold ETF","UYM":"基础材料指数ETF-ProShares两倍做多","ICOP":"iShares Copper and Metals Mining ETF","CPXR":"USCF DAILY TARGET 2X COPPER INDEX ETF","SGOL":"Abrdn Gold ETF Trust","GLDM":"SPDR Gold MiniShares Trust","BAR":"GraniteShares Gold Shares","XME":"金属与采矿指数ETF-SPDR","IAU":"黄金信托ETF-iShares","PPI":"AXS Astoria Real Assets ETF","CPER":"美国铜指数基金","GOLY":"Strategy Shares Gold Enhanced Yield ETF","JNUG":"金矿指数二倍做多ETF","USG":"USCF Gold Strategy Plus Income Fund","JDST":"金矿指数二倍做空ETF","PHYS":"Sprott Physical Gold Trust","AAAU":"Goldman Sachs Physical Gold ETF","COPJ":"SPROTT JUNIOR COPPER MINERS ETF","GLTR":"abrdn Physical Precious Metals Basket Shares ETF","GDX":"黄金矿业ETF-VanEck","IAUI":"NEOS Gold High Income ETF","DUST":"二倍做空黄金矿业指数ETF-Direxion","COPP":"Sprott Copper Miners ETF","GDXD":"MicroSectors Gold Miners -3x Inverse Leveraged ETN","IAUM":"ISHARES GOLD TRUST MICRO","GBUG":"Sprott Active Gold & Silver Miners ETF","GDXJ":"小型黄金矿业ETF(Market Vectors)","GOAU":"U.S. Global GO GOLD and Precious Metal Miners ETF","DGZ":"做空黄金ETN(德银)","SGDM":"Sprott Gold Miners ETF","CEF":"Sprott Physical Gold & Silver Trust","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","GDXU":"MicroSectors Gold Miners 3x Leveraged ETN","FGDL":"FRANKLIN RESPONSIBLY SOURCED GOLD ETF","SHNY":"MICROSECTORS GOLD 3X LEVERAGED ETN"},"translate_title":"Sibanye-Stillwater 将在两大洲建设新的铜、金矿","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IAUI":1.5,"GDXY":1.5,"GDXD":1.5,"GOAU":1.5,"GLL":1.5,"QCmain":1.5,"MHGmain":1.5,"ICOP":1.5,"AAAU":1.5,"DBC":1.5,"CPXR":1.5,"GDX":1.5,"GDXU":1.5,"GLDM":1.5,"SHNY":1.5,"UGL":1.5,"COPJ":1.5,"RING":1.5,"XME":1.5,"SGDM":1.5,"IAU":1.5,"CEF":1.5,"GBUG":1.5,"USG":1.5,"PICK":1.5,"DGZ":0.6,"JDST":1.5,"OUNZ":1.5,"DUST":1.5,"BEGS":1.5,"GOLY":1.5,"PPI":1.5,"PHYS":1.5,"GLTR":1.5,"SBSW":1.5,"BAR":1.5,"1OZmain":1.5,"DULL":1.5,"CPER":1.5,"BTGD":1.5,"JNUG":1.5,"DGP":1.5,"SGOL":1.5,"GLD":0.6,"UYM":1.5,"GDXJ":1.5,"DZZ":1.5,"COPP":1.5,"IAUM":1.5,"FGDL":1.5},"content_text":"Sibanye-Stillwater (JSE: SSW; NYSE: SBSW) has approved its Mt Lyell copper-gold project in Tasmania and Burnstone gold project in South Africa, advancing two long-life developments as stronger metals prices boost its finances.\nThe Johannesburg-based miner plans to spend $7.5 million (A$11 million) on Mt Lyell in 2026 a $340-million restart of the historic mine near Queenstown towards first ore in 2029. At steady state, the mine is expected to produce as much as 26,000 tonnes of copper, 16,000 oz. of gold and 116,000 oz. of silver annually.\n“We are pleased that Burnstone and Mt Lyell have recently received a positive investment decision by the board to proceed, marking a further step in unlocking unrealized value from the Group’s organic project portfolio,” Sibanye-Stillwater said on Tuesday.\nThe approvals show Sibanye is selectively advancing its project pipeline even as it focuses most of its capital on organic growth, particularly its South African platinum group metals business. Mt Lyell is the second offshore greenfields project approved by the South African miner, following its Keliber lithium development in Finland.\nProject pipeline\nKeliber was commissioned earlier this year, and Sibanye said it would consider expanding the operation to produce refined battery-grade metal in 2027.\nSibanye has incorporated $5 million for Burnstone and $7.5 million for Mt Lyell into its updated 2026 capital expenditure guidance as it moves both projects towards first ore in 2029.\nBurnstone, which has 2.7 million oz. in gold reserves, is expected to produce about 130,000 oz. annually over a 25-year mine life. Sibanye said the project would help shift its South African gold portfolio towards shallower, lower-risk and longer-life production.\nMt Lyell will require total project capital of about $340 million to restart the historic Tasmanian operation. At steady state, the mine is expected to produce 26,000 tonnes of copper, 16,000 oz. of gold and 116,000 oz. of silver annually over a 23-year mine life, at an all-in sustaining cost of $2.56 per lb. of copper.\nThe two approvals add copper and gold growth to Sibanye’s pipeline while its existing operations benefit from sharply stronger precious metals prices, potentially giving the miner greater flexibility to fund development from internal cash flow.\nMetals boost\nSibanye announced the investment decisions alongside half-year results showing profit more than tripled as higher gold and platinum group metals prices lifted earnings.\nHeadline earnings per share rose to about $0.33 for the six months ended June 30 from about $0.10 in the same period a year earlier. The company declared an interim dividend of about $0.11 per share, returning roughly $314 million to shareholders.\nAverage realized PGM prices increased 67% at Sibanye’s southern African operations and 70% in the US, while its realized gold price climbed 35% during the half-year.\n“Notwithstanding the commodity price tailwinds, the positive takeaway was the steady operational delivery which has been a key focus for management,” BMO analyst Raj Ray wrote in a note on Tuesday.\nThe company noted the stronger pricing environment provides a favourable backdrop as it commits capital to projects that will broaden its future production mix beyond its established PGM and gold operations.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.0","shortVersion":"4.50.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2664865291","isCrawlerRequest":true}