Sibanye-Stillwater Says 2021 Production Was in Line With Guidance

By Jaime Llinares Taboada

Sibanye-Stillwater Ltd. said Thursday that 2021 production remained in line with guidance despite recent operational stoppages.

The precious-metals mining company said gold production in southern Africa was 892,084 ounces last year, above the lower end of guidance. The Beatrix operation in South Africa is expected to resume production toward the end of January, and restarts at the remainder of Sibanye's southern Africa gold operations are in line with plans, it said.

Southern Africa platinum group metals production came to 1,896,670 ounces in 2021, 3% above the upper end of the guidance range. Operations are ramping up well, and the Khuseleka and Thembelani shafts are resuming production in January as planned, Sibanye said.

In the U.S., Sibanye's platinum group production of 570,399 ounces was at the lower end of revised guidance.

Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT

(END) Dow Jones Newswires

01-20-22 0321ET