By Will Feuer


American depositary receipts tied to shares of Sibanye-Stillwater Ltd. fell in premarket trading Tuesday after the South African mining and metals processing company said flooding is taking a toll on its operations in Montana.

A warm spell led to a rapid melt of accumulated snow in the mountains of Montana and was exacerbated by heavy rainfall over the weekend, resulting in flooding that began Monday, the company said. All employees are safe, and some are on site maintaining the company's Stillwater mine and providing refuge to campers who are arriving, the company said.

Damage to roads and bridges from the flooding will likely restrict access to the mine "for some period that will be better known in the next few days," the company said. Its East Boulder mine is less affected and access currently remains intact, it said.

ADRs tied to shares of Sibanye-Stillwater fell more than 7% to $10.30 in premarket trading. The ADRs are down more than 11% so far this year, excluding Tuesday's implied decline, outperforming the S&P 500's roughly 21% decline over that same period.


Write to Will Feuer at Will.Feuer@wsj.com


(END) Dow Jones Newswires

06-14-22 0721ET