By Jaime Llinares Taboada

Sibanye-Stillwater Ltd. on Wednesday downgraded production guidance for its gold operations in South Africa and the platinum group metals business in the U.S.

The mining company said its South African gold production will be at the lower end of the 884,000-948,000 ounces range, whereas all-in sustaining costs would be toward the top of the $1,690-$1,742 an ounce guidance.

The guidance downgrade has been driven by safety-related interventions, which resulted in a production loss of around 19,000 ounces.

These interventions also curtailed the company's southern Africa platinum group metals production by 17,000 ounces. However, the company reaffirmed previous guidance reflecting strong operational performance.

For the U.S. PGM business, Sibanye cut guidance to 570,000-580,000 ounces, at an all-in sustaining cost of between $1,000 and $1,025. The downgrade was driven by a safety intervention in October and issues relating to the transport system.

Shares at 1359 GMT were down ZAR0.31, or 0.7%, at ZAR48.35.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

12-15-21 0921ET