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Trading statement
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”, “Sibanye” or “the Group” or “the Company”)
Trading statement and notice of release of operating and
financial results for the year ended 31 December 2016
Westonaria, 22 February 2017: Shareholders are advised that profit
attributable to shareholders of Sibanye (JSE Ticker: SGL, NYSE Ticker:
SBGL) is expected to be R3,702 million for the year ended 31 December
2016. Profit attributable to shareholders for the year ended 31 December
2015 was R717 million.
Earnings per share (EPS) and headline earnings per share (HEPS) for the
year ended 31 December 2016 are expected to be 402 cents and 270 cents
respectively. EPS and HEPS for the year ended 31 December 2015 were 79
cents and 74 cents, respectively. This represents an increase of 409% in
respect of EPS and an increase of 265% in respect of HEPS.
Normalised earnings for the year ended 31 December 2016 are expected to
be R3,657 million, compared with R1,220 million for the year ended 31
December 2015.
The increase in earnings is as a result of higher revenues from the Gold
Division during the year and the inclusion of the Aquarius and
Rustenburg platinum operations, which were acquired during 2016.
The financial information, on which the trading statement has been
based, has not been reviewed or reported on by the Company’s auditors.
Sibanye will be releasing its operating and financial results for the
six months and year ended 31 December 2016 on SENS tomorrow at 08:00
CAT, Thursday 23 February 2017. A live presentation will be held
tomorrow at the JSE at 10:00 CAT and on the Company website:
www.sibanyegold.co.za, with conference call and webcast options
available.
An international conference call will be held at 15:00 CAT time to cater
for our North American investors. Please see below dial-in and webcast
details:
Webcast and conference call details for the live presentation at 10:00
(CAT):
Live Call Access Numbers Playback Access Numbers Webcast
Country Access Number Code 10890 Click here to view
the Webcast
South Africa Toll Free: 0 800 200 648 South Africa: 011 305 2030
Other Countries +27 11 535 0 808 234 For queries
UK Toll Free: contact:
(Neotel) 3600 6771
webcast@overend.co.
Other Countries +27 10 201 Australia Toll Free: 1 800 091 250 za
(Telkom) 6800 Tel: +27 (0)11 883
USA and Canada Toll 1 855 481
0 808 162 Free: 5363 7422
UK (Toll Free)
4061
+27 11 305
International Toll:
Australia (Toll Free) 1 800 350 100 2030
USA and Canada (Toll 1 855 481
Free) 5362
The morning conference call and webcast will be available on our website: www.sibanyegold.co.za.
Conference call details at 15:00 (CAT):
Live Call Access Numbers Playback Access Numbers
Country Access Number Code 10999
South Africa Toll Free: 0 800 200 648 South Africa: 011 305 2030
Other Countries (Neotel) +27 10 201 6800 UK Toll Free: 0 808 234 6771
Other Countries (Telkom) +27 11 535 3600 Australia Toll Free: 1 800 091 250
UK (Toll Free) 0 808 162 4061 USA and Canada Toll Free: 1 855 481 5363
Australia (Toll Free) 1 800 350 100 International Toll: +27 11 305 2030
USA and Canada (Toll Free) 1 855 481 5362
Contact:
James Wellsted
Head of Investor Relations
Sibanye Gold Limited
+27 (0) 83 453 4014
james.wellsted@sibanyegold.co.za
Sponsor: J.P. Morgan Equities South Africa (Proprietary) Ltd
FORWARD LOOKING STATEMENTS
Certain statements in this document constitute “forward-looking
statements” within the meaning of Section 27A of the US Securities Act
of 1933 and Section 21E of the US Securities Exchange Act of 1934.
These forward-looking statements, including, among others, those
relating to Sibanye’s future business prospects, revenues and income,
wherever they may occur in this document and the exhibits to this
document, are necessarily estimates reflecting the best judgment of the
senior management and directors of Sibanye, and involve a number of
known and unknown risks and uncertainties that could cause actual
results, performance or achievements of the Group to differ materially
from those suggested by the forward-looking statements. As a
consequence, these forward-looking statements should be considered in
light of various important factors, including those set forth in this
document. Important factors that could cause the actual results to
differ materially from estimates or projections contained in the
forward-looking statements include, without limitation, economic,
business, political and social conditions in South Africa, Zimbabwe and
elsewhere; changes in assumptions underlying Sibanye’s estimation of its
current Mineral Reserves and Resources; the ability to achieve
anticipated efficiencies and other cost savings in connection with past
and future acquisitions, as well as at existing operations; the ability
of Sibanye to successfully integrate acquired businesses and operations
(whether in the gold mining business or otherwise) into its existing
businesses; the success of Sibanye’s business strategy, exploration and
development activities; the ability of Sibanye to comply with
requirements that it operate in a sustainable manner; changes in the
market price of gold, platinum group metals (PGMs) and/or uranium; the
occurrence of hazards associated with underground and surface gold, PGMs
and uranium mining; the occurrence of labour disruptions and industrial
action; the availability, terms and deployment of capital or credit;
changes in relevant government regulations, particularly environmental,
tax health and safety regulations and new legislation affecting water,
mining, mineral rights and business ownership, including any
interpretations thereof which may be subject to dispute; the outcome and
consequence of any potential or pending litigation or regulatory
proceedings or other environmental, health and safety issues; power
disruptions, constraints and cost increases; supply chain shortages and
increases in the price of production inputs; fluctuations in exchange
rates, currency devaluations, inflation and other macro-economic
monetary policies; the occurrence of temporary stoppages of mines for
safety incidents and unplanned maintenance; Sibanye’s ability to hire
and retain senior management or sufficient technically skilled
employees, as well as its ability to achieve sufficient representation
of historically disadvantaged South Africans’ in its management
positions; failure of Sibanye’s information technology and
communications systems; the adequacy of Sibanye’s insurance coverage;
any social unrest, sickness or natural or man-made disaster at informal
settlements in the vicinity of some of Sibanye’s operations; and the
impact of HIV, tuberculosis and other contagious diseases. These
forward-looking statements speak only as of the date of this document.
The Group undertakes no obligation to update publicly or release any
revisions to these forward-looking statements to reflect events or
circumstances after the date of this document or to reflect the
occurrence of unanticipated events.
Date: 22/02/2017 04:07:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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