Sibanye-Stillwater Forecasts Over 200% Earnings Surge for 2026

Sibanye-Stillwater forecasts a significant increase in earnings for the first half of 2026, citing stable operations and higher prices for gold and platinum group metals (PGM). The company projects headline earnings per share between 571 cents and 631 cents, which would be a rise of more than 200% compared to 190 cents in the previous year.

Earnings per share are expected to reach between 597 cents and 658 cents, reversing a loss of 127 cents per share from the first half of 2025. While operations in South Africa benefited from price increases, the company noted that all-in sustaining costs rose because of inflation and higher royalties. In the United States, PGM operations saw a 70% increase in the average dollar PGM basket price, offsetting a slight dip in production.

The company also reported progress on its Keliber lithium project in Finland, which has transitioned from the construction phase to commissioning. Mining operations have officially begun at the Syväjärvi open pit. Sibanye-Stillwater is scheduled to release its full interim results on September 1.