Johannesburg, 2 November 2023: Sibanye Stillwater Limited (Sibanye-Stillwater or the Group) (JSE: SSW and NYSE: SBSW) is pleased to
provide an operating update for the quarter ended 30 September 2023, Group financial results are only provided on a six-monthly basis.
SALIENT FEATURES - QUARTER ENDED 30 SEPTEMBER 2023 (Q3 2023) COMPARED TO QUARTER ENDED 30 SEPTEMBER 2022 (Q3 2022)
• Strong financial position and proactive repositioning for changing environment ensures competitiveness
• Industry leading cost management at SA PGM operations. Moving down industry cost curve increases competitiveness
• SA gold operations generated R344m (US$19m) adjusted (Adj) EBITDA, a R1.2bn (US$67m) turnaround; ongoing S189 process at Kloof 4
• US PGM operations resume planned mine production run rate in October 2023 driving improved outlook for production for Q4 2023
• Improved operational performance from the European and Australian regions
• Century zinc operation contributed positive Adj EBITDA of R53m (US$3m), successfully recovering post regional flooding during Q1 2023
• Construction of the Keliber lithium project progressing well: commenced construction at the concentrator and the first open pit
KEY STATISTICS – GROUP

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