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MarketScreener Homepage  >  Equities  >  Johannesburg Stock Exchange  >  Sibanye Gold Ltd    SGLJ   ZAE000173951

SIBANYE GOLD LTD

(SGLJ)
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Sibanye Gold to Report Swing to 1st Half Loss; Blames Strike Action

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08/27/2019 | 10:51am EDT

By Ian Walker

Sibanye Gold Ltd. (SGL.JO) said Tuesday that it expects to report a swing to loss for the first half of the year, mainly due to strikes at its South African operations.

The mining company--which has traded as Sibanye-Stillwater Ltd. (SBGL) since it bought U.S. company Stillwater Mining Co.--expects to report a net loss of 265 million rand ($17.3 million) for the half year ended June 30, compared with a profit of ZAR77 million for the half year ended June 30, 2018.

Sibanye Gold said the loss mainly reflects the strike action at its South African operations. It said the company expects to book restructuring costs of ZAR387 million and other strike costs of ZAR374 million.

Sibanye Gold is due to report earnings for the half year on Thursday.

Write to Ian Walker at ian.walker@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
BAIYIN NONFERROUS GROUP CO LTD 0.47% 4.3 End-of-day quote.45.08%
GOLD 1.16% 1517.063 Delayed Quote.16.96%
SIBANYE GOLD LTD 7.34% 19.02 End-of-day quote.86.11%
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Financials (ZAR)
Sales 2019 67 475 M
EBIT 2019 5 645 M
Net income 2019 2 195 M
Debt 2019 22 424 M
Yield 2019 -
P/E ratio 2019 24,2x
P/E ratio 2020 3,92x
EV / Sales2019 1,08x
EV / Sales2020 0,66x
Capitalization 50 784 M
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Technical analysis trends SIBANYE GOLD LTD
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 22,19  ZAR
Last Close Price 19,02  ZAR
Spread / Highest target 57,7%
Spread / Average Target 16,7%
Spread / Lowest Target -21,1%
EPS Revisions
Managers
NameTitle
Neal John Froneman Chief Executive Officer & Executive Director
Matthews Sello Moloko Non-Executive Chairman
Peter L. Turner Chief Operating Officer & SVP-Technical Services
Wayne D. R. Robinson Executive Vice President & Head-SA Operations
Charl Keyter Chief Financial Officer & Executive Director
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