Sibanye-Stillwater

SBSW

Market cap $12.5B

Sibanye Stillwater Limited (SBSW) Q4 2025 Earnings Call Transcript

Higher platinum group metals and gold prices, driven by tight supply and geopolitical tensions, support Sibanye Stillwater Limited's revenue growth. SBSW is focusing on higher-grade ore in the U.S. to restore profitability without fully restarting all mines. Brownfield projects aim to keep South African PGM production steady while cutting $3B in costs.

Etana Energy has signed a ten-year power purchase agreement to supply 220 megawatts of renewable electricity annually to Sibanye-Stillwater's mining operations in South Africa, marking a significant step forward for the Chariot Ltd (AIM:CHAR, OTC:OIGLF) backed energy trader. Chariot, the Africa-focused energy company listed on AIM, holds a 34% interest in Etana Energy through its subsidiary, Chariot Generation and Trading.

Does Sibanye Gold Limited (SBSW) have what it takes to be a top stock pick for momentum investors? Let's find out.

Sibanye Stillwater Limited (SBSW) Discusses Group Strategy Update and Emphasis on Safety Priorities Transcript

Sibanye Stillwater Ltd. (SBSW) has rebounded sharply, tripling adjusted EBITDA in Q3 as gold and PGM prices surged. SBSW's US PGM operations returned to profitability; cost management should improve with Sandouville's transition and new energy projects. Dividend resumption (25–35% of normalized earnings) is plausible by late 2026, supporting further upside after a 500%+ YoY rally.

Hysteria over Greenland's rare earths has put the critical minerals race in the spotlight, despite steep hurdles to exploit its untapped resources. A global rotation to mining equities is underway with the sector on the cusp of a supercycle, boosted by declining interest rates and improving economic growth. Critical mineral stocks are leading the way, fueled by the global energy transition and AI data center power requirements.

Does Sibanye Gold Limited (SBSW) have what it takes to be a top stock pick for momentum investors? Let's find out.

After years of waiting, Sibanye Stillwater's cycle finally turned; since September 2025, the stock has returned 84%, yet I think the recovery is early and undervaluation persists. The operating update showed ~$560M EBITDA, triple last year, plus accelerating cash generation; that magnitude suggests SBSW has exited the trough and margins are expanding. South African PGM became the engine: 4E basket price +36%, production +4%, and adjusted EBITDA +213% YoY, offsetting weaker surface output from tailings depletion.

FNY Investment Advisers initiated 429,100-share position in Sibanye Stillwater; estimated trade size ~$4.82 million based on quarterly average pricing. Quarter-end value of the new stake was $4.82 million, reflecting the purchase of 429,100 shares as a new position.