SSW Operational Update Bullish
SIBANYE STILLWATER LIMITED - Operating Update - Quarter ended 31 March 2026
Sibanye Stillwater Limited
Free preview
What this filing means
Sibanye-Stillwater reported a 371% year-on-year surge in Q1 adjusted EBITDA to R19.4 billion on the back of higher commodity prices, though operational cost pressures remain visible.
Bull case
- Group adjusted EBITDA surged 371% year-on-year to R19.4 billion, driven by significantly higher average basket prices and solid operational execution.
- The SA PGM operations delivered a 393% increase in adjusted EBITDA to R12.4 billion, while maintaining flat unit costs at R24,629/4Eoz.
Bear case
- All-in sustaining costs (AISC) at the SA gold operations increased by 15% year-on-year, primarily due to inflationary pressures and higher royalty taxes linked to elevated gold prices.
Unlock the full analysis
Free during launch. Sign in to read the complete breakdown.
- Full bull / bear breakdown
- Decision framework
- Citations & sources
- Price autopsy
Related filings
More from SSW
- SIBANYE STILLWATER LIMITED - Sibanye-Stillwater Southern African operations capital markets day presentation
- SIBANYE STILLWATER LIMITED - Sibanye-Stillwater publishes its Broad-Based Black Economic Empowerment annual compliance report
- SIBANYE STILLWATER LIMITED - Notice to shareholders in terms of section 45(5) of the Companies Act
- SIBANYE STILLWATER LIMITED - Notification of an acquisition of beneficial interest in securities by BlackRock,Inc.
- SIBANYE STILLWATER LIMITED - Results of the Sibanye-Stillwater 2026 Annual General Meeting
Other Operational Update
- MSPMAS PLC - Voluntary announcement: Opening of bid by PKMI Limited to purchase MAS shares
- MRFMERAFE RESOURCES LIMITED - Conclusion of negotiated pricing agreements with Eskom and restart of smelting operations
- BAYPORT SECURITISATION (RF) LIMITED - Bayport Securitisation monthly investor report
- WEZWESIZWE PLATINUM LIMITED - Update: SAP S/4HANA ERP system implementation
- OPAOPTASIA LIMITED - Further Announcement Relating To Nigeria ACS Services