Sibanye considers restructuring gold operations; says FY loss to narrow to R1bn

JSE- and NYSE-listed Sibanye-Stillwater will consult with stakeholders about the possible restructuring of its gold operations and associated services, as a result of ongoing financial losses.

In a trading statement released on Thursday, the miner said it expects to report an attributable loss of R1-billion, or $77-million, for the year ended December 31, 2018, compared with the attributable loss of R4.4-billion, or $333-million, reported for the 2017 financial year.