Sibanye Stillwater Limited provided provided production guidance for the full year of 2022. 4E PGM production from the SA PGM operations for 2022 remains unchanged at between 1,750,000 4Eoz and 1,850,000 4Eoz with AISC between ZAR 18,500/4Eoz and ZAR 19,200/4Eoz (USD 1,233/4Eoz and USD 1,280/4Eoz). Forecast mined 2E PGM production from the US PGM operations for 2022 currently remains unchanged at between 550,000 2Eoz and 580,000 2Eoz, with AISC of between USD 980/2Eoz to USD1,030/2Eoz.

The results of this study are expected by mid year 2022 and will inform future guidance. The US Recycling operations are forecast to feed between 750,000 and 800,000 3Eoz.