Johannesburg - South African gold producer Sibanye Gold reported a 70% drop in first-half profit on Tuesday, hit by a fire at a mine and said it would not pay a dividend until there is more certainty in terms of wage negotiations.
In its first interim earnings since being spun off from world number four bullion producer Gold Fields this year, Sibanye said adjusted headline EPS totalled 13 US cents in the six months to end-June, compared with 44 cents a year earlier.
Production totalled 656 300 ounces, almost 5% lower than a year earlier.
Sibanye booked an impairment of R821m ($83m) on a section of its Beatrix mine which was forced to close after being ravaged by a fire.
In its first interim earnings since being spun off from world number four bullion producer Gold Fields this year, Sibanye said adjusted headline EPS totalled 13 US cents in the six months to end-June, compared with 44 cents a year earlier.
Production totalled 656 300 ounces, almost 5% lower than a year earlier.
Sibanye booked an impairment of R821m ($83m) on a section of its Beatrix mine which was forced to close after being ravaged by a fire.