16 min listen
To build a top-tier miner, Sibanye-Stillwater says the answer lies at home
To build a top-tier miner, Sibanye-Stillwater says the answer lies at home
ratings:
Length:
11 minutes
Released:
Mar 30, 2021
Format:
Podcast episode
Description
Size matters, and Sibanye-Stillwater (JSE:SSW) may find scale in its home country.
Company CEO Neal Froneman recently spoke to Kitco News. The company is headquartered in South Africa.
Froneman said a $20 billion market capitalization is more relevant and investable for the broader market. Sibanye is sitting at $12.5 billion. To build size, Froneman noted that South African miners are trading at a discount compared to their North American peers. Business Day reported that a tie up of the country's top miners—Gold Fields and AngloGold Ashanti along with Sibanye - would be in the national interest.
Company CEO Neal Froneman recently spoke to Kitco News. The company is headquartered in South Africa.
Froneman said a $20 billion market capitalization is more relevant and investable for the broader market. Sibanye is sitting at $12.5 billion. To build size, Froneman noted that South African miners are trading at a discount compared to their North American peers. Business Day reported that a tie up of the country's top miners—Gold Fields and AngloGold Ashanti along with Sibanye - would be in the national interest.
Released:
Mar 30, 2021
Format:
Podcast episode
Titles in the series (100)
Gold price plummets $100, can it go lower? Pfizer, travel stocks soar, Zoom tanks: Gold price dropped $100, or 4.5% on Monday as Pfizer announced that its COVID-19 vaccine is 90% effective. The S&P 500 climbed 2.9%, the Dow is up 3.8%, and the NASDAQ is up only 1%, dragged down by companies that benefit from the work from home culture, like Zoom (-12%) and Netflix (-4%). Peter Hug, global trading director of Kitco Metals, said that these moves factor in expectations that are a bit ‘premature’. by Kitco NEWS Interviews