Sibanye Gold Ltd ADR (SBSW)
$10.74 0.73 (6.36%)
19:59 EDT SBSW Stock Quote Delayed 30 Minutes
Previous Close $10.74
Market Cap -
PE Ratio -
Volume (Avg. Vol.) 3.68M
Day's Range 10.70 - 11.37
52-Week Range 3.50 - 13.89
Dividend & Yield N/A (N/A)
SBSW Stock Predictions, Articles, and Sibanye Gold Ltd ADR News
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Sibanye-Stillwater’s (SBSW +1.7%) wholly-owned subsidiary Sibanye Gold has exercised its option on its $450M, 1.875% convertible bonds due 2023.Current principal amount of bonds outstanding is $383.8M.Bondholders are expected to exercise their conversion rights and, if all such conversion rights are exercised, this will result in the issuance of up to 248.53M ordinary shares.Should some bondholders fail to exercise their conversion rights, Sibanye Gold will redeem the remaining bonds from its cash resources.The company reports that the redemption of the bonds will further improve the leverage and capital structure of the group, as well as states that the redemption of the bonds eliminates interest costs and, materially reduce financing costs and outstanding debt.
From Market News Video
Investors in Sibanye Stillwater Ltd (SBSW) saw new options become available today, for the January 2023 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 858 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration..
Sibanye-Stillwater (NYSE:SBSW) starts +2.1% as the company returned to an interim profit and resumes paying dividends for the first time since H2 2016, helped by higher precious metals prices and a weaker South African rand.H1 headline earnings were 3.50 rand/share ($0.21) compared with a loss of 0.54 rand/share a year ago when production was slowed by strikes; adjusted EBITDA soared more than eight-fold to 16.5B rand from 2.02B rand in the prior-year period.H1 production from South African platinum group metals improved 5% Y/Y to 657.8K oz., as the inclusion of the Marikana operations offset coronavirus disruptions.Production from the company's U.S platinum group metals also rose 5% to 297.7K oz., while recycled production fell 6%.Gold output rose 17% Y/Y to 403.6K oz.; the company says it is reviewing the ramp-up schedule of its Blitz project in the U.S.
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