0913 GMT - Sibanye Stillwater's 2024 results were broadly in line with expectations but its 2025 guidance was weaker than expected, RBC Capital Markets analysts Marina Calero and Laura Chan write. The weaker guidance is largely driven by higher cost and capital expenditure at Stillwater and its South African platinum group metals operations, they write. Sibanye expects capital expenditure at its South African PGM operations to be around $360 million, which is 16% higher than the analysts had expected. Sibanye's all-in sustaining cost guidance of between $1,420 and $1,460 an ounce at its Stillwater facility is 23% ahead of the analysts' expectations, they add. Shares trade down 8.4% at 1,565.00 rand. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
February 21, 2025 04:13 ET (09:13 GMT)
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