Mine workers employed at Sibanye Gold’s Masimthembe shaft operate a drill in Westonaria, South Africa, April 3, 2017. REUTERS/Mike Hutchings
South African miner Sibanye-Stillwater (SSWJ.J) on Thursday posted a 78% increase in first-quarter core profit, driven by higher metals prices and improved operational performance.
High prices for metals extracted by Sibanye, including gold, platinum, palladium and rhodium, have boosted profits against a backdrop of supply disruptions and strong demand.
Sibanye said that average prices for four of the platinum group metals (PGM) it mines rose 59%…
