Sibanye-Stillwater, the world’s top platinum miner, may consider targeting a future acquisition worth as much as $5-billion to expand its gold portfolio, potentially in North America.
Once the Johannesburg-based producer resumes dividend payments and trims its debt load, it would be in a position to accelerate its focus on M&A, CEO Neal Froneman said in an interview, adding that the company is also weighing a switch in its primary listing to the US.
“I think we’re underweight in gold,” Froneman said, speaking on the sidelines of the BMO Global Metals & Mining Conference in Florida. “If you’re going to move the needle, you have to look at four, or five, billion dollar acquisitions.”