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SIBANYE GOLD LIMITED - Filing of the 2018 Form 20-F and additional disclosures

Release Date: 09/04/2019 08:33
Code(s): SGL     PDF:  
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Filing of the 2018 Form 20-F and additional disclosures

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

Filing of the 2018 Form 20-F and additional disclosures

Johannesburg, 9 April 2019: Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL)
advises that in addition to the annual suite of reports released on 29 March 2019,
it has filed its Form 20-F annual report for the fiscal year ended 31 December 2018
with the U.S. Securities and Exchange Commission on 8 April with effective date 9
April 2019. The report is available at

The Form 20-F confirms the Revenue for the year ended 31 December 2018(FY18)
of R50,656 million, adjusted EBITDA of R8,369 million and a total loss of R2,521
million, compared with revenue of R45,912 million, adjusted EBITDA of R9,045
million and a total loss of R4,433 million for the year ended 31 December 2017

Total FY18 gold production of 36,600kg (including DRDGOLD) and a “like for like”
gold production of 34,676kg (excluding DRDGOLD and Cooke underground), compared
with total FY17 gold production of 43,634kg. Sibanye-Stillwater total FY18 4E PGM
production was 1.18moz compared with 1.19moz during FY17, while the 2E PGM
production from the US PGM operations was 0.593moz compared with 0.376moz in FY17
(for eight months since acquisition in May 2017).

The expected Q1 2019 production results included in the Form 20-F are as follows:

Attributable production from the SA PGM operations is estimated to be approximately
234,000 4Eoz and in line with annual guidance.

The US PGM operations experienced a slower than planned start to the year producing
an estimated 131,000 2Eoz, with lower production volumes resulting in temporarily
elevated costs. Sales however, were in line with plan. Production is planned to
return to normal levels from Q2 2019 and full year production guidance remains

Production from the SA gold operations for Q1 2019 will be negatively impacted by
the ongoing AMCU strike and is expected to be approximately 104,000oz, 90% of what
was planned under strike conditions, and 36% of production levels relative to the
same period in 2018. Unit operating and all in sustaining costs will be negatively
impacted by the reduced production levels.

The full Form 20-F contains other important information for shareholders and should
be read in full, including the “Risk Factors”.

Investor relations contact:

James Wellsted
Head of Investor Relations
+27 (0) 83 453 4014

Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
This announcement includes “forward-looking statements” within the meaning of the
“safe harbour” provisions of the United States Private Securities Litigation Reform
Act of 1995, including the statements related to expected production volumes].
Forward-looking statements may be identified by the use of words such as “target”,
“will”, “forecast”, “expect”, “potential”, “intend”, “estimate”, “anticipate”, “can”
and other similar expressions that predict or indicate future events or trends or
that are not statements of historical matters. The forward-looking statements set out
in this announcement involve a number of known and unknown risks, uncertainties and
other factors, many of which are difficult to predict and generally beyond the control
of Sibanye-Stillwater, that could cause Sibanye-Stillwater’s actual results and
outcomes to be materially different from historical results or from any future results
expressed or implied by such forward-looking statements. These forward-looking
statements speak only as of the date of this announcement. Sibanye-Stillwater
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
announcement or to reflect the occurrence of unanticipated events, save as required
by applicable law.

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