Sibanye Stillwater Ltd filings document foreign private issuer disclosures, including Form 6-K market releases and operating updates furnished under the Exchange Act. The company files annual reports on Form 20-F, and its interim updates describe operating results rather than full quarterly financial statements.
The filing record covers South African PGM operations, South African gold operations including DRDGOLD, U.S. PGM operations and consolidated precious-metals recycling. Disclosures address production, all-in sustaining costs, adjusted EBITDA, safety performance, commodity-price impacts, sustaining capital, segment-level operating trends and corporate reporting status.
Sibanye-Stillwater reports a much stronger Q1 2026, with group adjusted EBITDA rising 371% year-on-year to R19.4 billion (US$1.2 billion), helped by higher metals prices and stable operations.
South African PGM mines delivered 2% higher 4E production and flat all-in sustaining costs at R24,629/4Eoz (US$1,507/4Eoz), lifting adjusted EBITDA 393% to R12.4 billion (US$762 million). SA gold operations kept production broadly stable but benefited from a 49% stronger gold price, driving a 160% increase in adjusted EBITDA to R4.7 billion (US$288 million) despite higher costs.
US PGM operations saw higher AISC of US$1,291/2Eoz as mechanisation investment and lower volumes weighed on unit costs, but an 88% stronger 2E basket price and Section 45X credits supported adjusted EBITDA of US$48 million (R777 million). Recycling EBITDA jumped to US$98 million (R1.6 billion) on a 138% increase in precious metals sold, while the Century zinc retreatment business lifted adjusted EBITDA to US$29 million (R467 million) despite lower production. Construction of the Keliber lithium project is complete, with 42.1kt of ore stockpiled and staged ramp-up underway.
Sibanye Stillwater Ltd (SBSW) reported 2025 revenue of R129.677 billion, compared with R112.129 billion in 2024, and adjusted EBITDA of R37.800 billion, versus R13.088 billion. Net cash from operating activities was R21.407 billion, up from R10.113 billion. The group recorded a net loss of R4.739 billion, compared with a R5.710 billion loss in 2024.
Attributable production included 1.80 million 4E ounces from South African PGM operations, versus 1.84 million in 2024, and 0.28 million 2E ounces from U.S. PGM operations, versus 0.43 million. Sibanye Stillwater acquired 100% of Metallix for a cash consideration of US$129 million on September 4, 2025, and disposed of its ioneer investment during the second half, receiving R186 million in sale proceeds.
At Keliber in Finland, concentrator and lithium-hydroxide refinery construction advanced as planned during 2025. Ore extraction began in February 2026. Concentrator hot commissioning is expected in H1 2026, while refinery hot commissioning is expected in H2 2026, pending a final decision subject to market conditions. Dividend per share was 131 cents in 2025.