2
The financial information on which this trading statement is based has not yet been reviewed or
reported on by Sibanye-Stillwater’s auditors.
Operating update for H1 2021 compared to H1 2020
The Group again delivered a solid operating performance for the six months ended 30 June 2021, which
underpinned the strong financial performance, ensuring leverage to higher precious metal prices and
offsetting the impact of the 13% stronger rand against the US dollar.
4E PGM production from the SA PGM operations of 928,992 4Eoz was 41% higher than for the comparative
period in 2020. Mined underground 4E PGM production increased by 43% year-on-year, to 817,369 4Eoz,
with 4E PGM production from surface 34% higher at 76,796 4Eoz and third-party purchase of concentrate
treated at the Marikana smelting and refining operations, increasing by 29% to 34,827 4Eoz.
Mined 2E PGM production from the US PGM operations of 298,301 2Eoz (H1 2020: 297,740 2Eoz) was flat
year-on-year due to a 21-day safety related work stoppage in June 2021, which reduced production by
approximately 20,000 2Eoz. Recycling increased marginally to 402,872 3Eoz.
Production at the SA gold operations (including DRDGOLD) increased by 29% to 16,138 kg (518,848 oz)
compared with H1 2020.
Results webcast and conference call
Sibanye-Stillwater will release its results for the six-months ended 30 June 2021 on Thursday, 26 August
2021 and will host a live presentation shared via a webcast (link:
https://78449.themediaframe.com/links/sibanye210826.html
) and conference call (register on:
https://services.choruscall.za.com/DiamondPassRegistration/register?confirmationNumber=4552862&li
nkSecurityString=7ab5fd95a
) at 15h00 (CAT) / 09h00 (EST) / 07h00 (MDT).
Investor relations contact:
Email: ir@sibanyestillwater.com
James Wellsted
Head of Public Relations
Tel: +27 (0) 83 453 4014
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
FORWARD LOOKING STATEMENTS
The information in this document may contain forward-looking statements within the meaning of the “safe harbour”
provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements,
including, among others, those relating to Sibanye Stillwater Limited’s (“Sibanye-Stillwater” or the “Group”) financial
positions, business strategies, plans and objectives of management for future operations, are necessarily estimates
reflecting the best judgment of the senior management and directors of Sibanye-Stillwater and involve a number
of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-
looking statements. As a consequence, these forward-looking statements should be considered in light of various
important factors, including those set forth in this report.
All statements other than statements of historical facts included in this report may be forward-looking statements.
Forward-looking statements also often use words such as “will”, “forecast”, “potential”, “estimate”, “expect”, “plan”,
“anticipate” and words of similar meaning. By their nature, forward-looking statements involve risk and uncertainty
because they relate to future events and circumstances and should be considered in light of various important
factors, including those set forth in this disclaimer. Readers are cautioned not to place undue reliance on such
statements.
The important factors that could cause Sibanye-Stillwater’s actual results, performance or achievements to differ
materially from estimates or projections contained in the forward-looking statements include, without limitation,
Sibanye-Stillwater’s future financial position, plans, strategies, objectives, capital expenditures, projected costs and
anticipated cost savings, financing plans, debt position and ability to reduce debt leverage; economic, business,