Sibanye-Stillwater starts US Blitz production | Fin24
 
  • Load Shedding

    Find the latest load shedding schedules for Joburg, Durban, Cape Town, and other cities.

  • Credit Rating

    SA can still avoid a downgrade to junk by Moody’s, says Reserve Bank Governor Lesetja Kganyago.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.

Loading...

Sibanye-Stillwater starts US Blitz production

Oct 02 2017 13:39


Company Data

Sibanye Gold Limited [JSE:SGL]

Last traded 26
Change 0
% Change 1
Cumulative volume 21400452
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Just Coal now blames radio host for R500 000 donation 'misperceptions'

Tegeta clinched Eskom contract despite low quality coal

Court freezes mine rehab billions from Gupta-owned mines

Mining's biggest mystery is what Agarwal plans to do with Anglo

Is SA mining ‘uninvestable’?

Indian mining billionaire set to overtake PIC as Anglo's biggest shareholder

 

Cape Town - Sibanye-Stillwater [JSE:SGL] - formerly known as Sibanye Gold -announced that on Friday September 29 2017 it commenced with production from the Blitz project.

It is located at Sibanye-Stillwater's operations in Montana, in the US.

The completion of a secondary escape-way system at the Blitz 10 stope block concluded the final infrastructure required for the production to begin.

Approximately 1 360 tonnes of ore that was excavated during development and stockpiled on the surface, will now be processed.

Based on muck sampling along the entire ore width intersected within the stope block, this initial cut delivered ore with an estimated average 2E grade of 39g/tonne.

Sibanye Gold recently changed its name to Sibanye-Stillwater due to its transformation from a gold mining company based in SA to a global precious metals company.

At the end of August the miner announced its interim results to the end of June 2017. It revealed the miner made a headline loss of R2.181bn, impacted by a lower average gold price and gold production.

By early afternoon trade the share price of Sibanye-Stillwater was down 0.07% at R15.21.

SUBSCRIBE FOR FREE UPDATE: Get Fin24's top morning business news and opinions in your inbox.

Read Fin24's top stories trending on Twitter:

sibanye-stillwater  |  us  |  gold  |  mining
NEXT ON FIN24X

 
 
 
 

Company Snapshot

#MINIBUDGET2019

Struggling power utility Eskom will take centre stage at this year's mini budget
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What do you think about private healthcare in SA?

Previous results · Suggest a vote

Loading...