$SBSW

Sibanye-Stillwater is exploring AI and robotics to safely mine gold at depths below 3,000 meters, potentially unlocking substantial resources in the Witwatersrand Basin. CEO Richard Stewart highlighted the challenges of deep mining, including extreme temperatures and high rock stresses. The company is investing in testing these technologies, which could extend the life of its South African gold mines, currently set to operate until 2026-2036.

A union representing 420 employees at Sibanye-Stillwater's Montana facilities ended a month-long strike after approving a three-year contract, resolving disputes over health benefits and pay incentives. The strike began on Sept. 3. Sibanye-Stillwater faces challenges due to low palladium prices, which impact its Montana operations.

Sibanye-Stillwater (SBSW) announced its U.S. workers ratified a new labor deal, ending a strike. The agreement, valid until 2029, includes wage increases. This resolution impacts the company's Montana operations.

Sibanye-Stillwater has reached a contract agreement with workers at its East Boulder mine, according to the company. The agreement resolves a potential labor dispute, which could impact operations and investor sentiment.

Sibanye-Stillwater (SBS) will list on South Africa's A2X exchange, adding to its JSE and NYSE listings. The R117-billion company joins 166 others on A2X, including 31 Top 40 constituents. A2X CEO Kevin Brady noted the listing reflects confidence in the exchange. Sibanye-Stillwater produces precious metals and battery materials, with operations globally.

Sibanye-Stillwater (SGLD) will have a secondary listing on A2X from October 6, adding to its primary JSE listing and NYSE ADS. The company expects this to enhance investor access and liquidity. A2X, launched in 2017, has attracted other major South African firms like Anglogold Ashanti (AU) and Capitec (CFI).

InnovAge (INNV) shares fell 9.4% in pre-market trading after pricing a 10M share secondary offering at $9.25/share. Jaguar Health (JAGX) dropped 28% after a 1,190% gain the prior day. Voyager (VOYG) declined 6% following a $350M convertible note offering. Other stocks like RML, SBSW, and AU also fell.

U.S.-listed gold miners rose in premarket trading as bullion prices rebounded 1.4% to $4,324.39/oz. Newmont and Barrick Gold each gained 1.2%, while Harmony Gold and Gold Fields rose 3.7% and 2.3%. The dollar softened, and oil prices retreated, supporting gold's rebound after the Fed's rate hike and hawkish stance.

Sibanye Stillwater (SBSW) reported Q2 earnings with record revenue of ZAR 90 billion (64% YoY), EBITDA of ZAR 31.8 billion (35% margin), and cash generation of ZAR 21 billion. Debt reduced by 18%, dividend declared at ZAR 5.7 billion. Management highlighted strong operational performance but noted safety and cost challenges.

Sibanye-Stillwater may cut up to 1,114 jobs at its Kwezi shaft in Rustenburg, South Africa, due to the operation nearing the end of its economic life. The company cited delays in the Kwezi Shallows project and depletion of reserves. The National Union of Mineworkers opposes the restructuring and seeks job transfers. Kwezi recorded losses of R208M in 2024 and R91M in 2025, with a forecast return to losses in 2026. Consultations are ongoing.