Junior Mining News

DRDGold okays Sibanye-Stillwater $110 million-assets exchange deal

By analyst By Cecilia Jamasmie South African DRDGold approved Wednesday a deal proposed by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) to exchange some its assets for a 38% stake in the mid-tier gold miner. The transaction, valued at R1.3 billion (roughly $110 million at today’s rates), also gives Sibanye the option to buy another 12.1% of DRDGold shares

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