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SIBANYE GOLD LIMITED - Updated trading statement for the six-month period ended 30 June 2013

Release Date: 22/07/2013 14:14
Code(s): SGL     PDF:  
Wrap Text
Updated trading statement for the six-month period ended 30 June 2013

Sibanye Gold Limited
Incorporated in the Republic of South Africa
Registration number 2002/031431/06
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye Gold” or “the Company”)

Updated trading statement for the six-month period ended 30
June 2013

Westonaria, 22 July 2013: Further to the trading statement
released on 8 May 2013, Sibanye Gold (JSE: SGL & NYSE: SBGL)
reports that there is a reasonable degree of certainty that
headline earnings per share (“HEPS”) for the six-month period
ended 30 June 2013 (“the Period”) will be between 110 cents
per share and 130 cents per share.

As a result of the Section 189 process at Beatrix West Section
and in accordance with International Financial Reporting
Standards (“IFRS”), Sibanye Gold has reviewed the carrying value
of the Beatrix West Section mining assets. The Company has
impaired the mining assets of Beatrix West Section by
approximately R591 million (post tax), which together with
other non-recurring restructuring costs, has contributed to
earnings per share (“EPS”) for the Period of between 35 cents
per share and 45 cents per share.

The earnings ranges above are based on 733 603 546 shares in
issue at 30 June 2013.

Based on the lower weighted average number of shares in issue
during the Period of 566 412 788 shares, HEPS will be between
140 cents per share and 170 cents per share and EPS will be
between 40 cents per share and 60 cents per share.

Sibanye Gold will release operating and financial results for
six-month period ended 30 June 2013 on Tuesday, 13 August
2013.

The information on which the trading statement has been based
has not been reviewed or reported on by the Company’s auditors

Contact

James Wellsted
Head of Corporate Affairs
Sibanye Gold Limited
+27 83 453 4014
james.wellsted@sibanyegold.co.za

Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited

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