Sibanye Stillwater reported adjusted EBITDA up 9.1% to R10.8bn. SA PGM production declined 10% to 458,202oz, while SA gold production fell 11% to 155,449oz. Higher commodity prices supported earnings, although lower production and higher costs weighed on operations, while a five week US strike reduced PGM production 19%. SA PGM AISC increased 27.9% to $1,634/oz, while US PGM AISC rose 38.8% to $1,617/oz; US production guidance was reduced to 245,000oz to 255,000oz.
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