Sibanye-Stillwater presells gold to Citibank

Precious metals mining company Sibanye-Stillwater announced on Thursday that it had entered into an agreement to presell gold to Citibank for R1.75-billion ($125-million). This follows Wednesday’s raising of a similar amount on the sale of 5% of the issued shares of the Johannesburg- and New York-listed, which has R10-billion ($700-million) in undrawn facilities.