JSE- and NYSE-listed Sibanye-Stillwater on Thursday said its South African platinum group metals (PGMs) operations continue to do well, with the miner expecting its platinum, palladium, gold and rhodium (4E) PGMs production for 2018 to be about 1.17-million ounces. In a statement detailing updates since November 1, 2018, Sibanye explained that robust palladium and rhodium prices, which increased by more than 40% in dollar terms in 2018, together with the weaker rand/dollar exchange rate boosted the rand 4E PGMs basket price by 19% during the course of the year to more than R15 700/oz.
