Sibanye-Stillwater: Diversification Is Paying Off

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About: Sibanye Gold Limited (SBGL)
by: Fun Trading
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Fun Trading
Special situations, contrarian, long/short equity, value
Summary

Revenues were $1,657.4 million in H1 2019 down from $1,942.3 million in H1 2018 due to the lower production of gold.

Total US Production and recycling were good this quarter. Recycling is showing a substantial number of 421,450 3E Oz. However, Gold production declined by 42.4% to 344,752 Au ounces.

The South African Sibanye-Stillwater is a robust miner that I consider a decent candidate from a long-term investor's perspective.

Source: CGTN Africa

Investment Thesis

The South African Sibanye-Stillwater (SBGL) is a robust miner that I consider a decent candidate from a long-term investor's perspective. The company was primarily a gold producer a