Sibanye-Stillwater H1 2026 revenue hits $7.3 billion

Sibanye-Stillwater, a multinational precious metal mining company, reported H1 2026 revenue of $7.3 billion, up from less than $6.5 billion a year earlier.

The surge reflects favourable precious metals tailwinds that drive improved profitability and solid operational performance, with all operations achieving annual guidance.

Strong revenue driven by metal prices
The mining giant, known for its platinum, palladium, and gold assets, owes its revenue surge to higher commodity prices, improved operational performance across its South African and U.S. PGM operations, and contributions from diversified projects such as recycling, zinc, and the Keliber lithium development.

The company’s turnaround is highlighted by normalized earnings of $591 million, reversing a $311 million loss in 2024. This improvement signals operational discipline and strategic investment paying off, as Sibanye-Stillwater strengthens its diversified earnings base.

Sibanye declares $213 million dividend
Reflecting stronger financial performance, the board declared a $213 million dividend, R1.31 ($0.08) per share, or 35% of normalized earnings. This is the company’s first payout in three years, following the exit of long-serving CEO Neal Froneman, a period marked by falling platinum group metals and nickel prices, as well as operational challenges.

This underlines the company’s commitment to delivering shareholder value despite ongoing commodity market volatility.

Operationally, South African platinum operations produced 1.72 million 4Eoz, while gold operations delivered 632,341 ounces, overcoming production constraints at Kloof and Driefontein.

U.S. PGM operations returned to profitability after restructuring, contributing $249 million in adjusted EBITDA. Meanwhile, the Century zinc and recycling operations added stability to the group’s earnings.

The Keliber lithium project progressed toward first production in early 2026, demonstrating Sibanye-Stillwater’s long-term growth strategy and positioning it for continued gains in high-demand commodities. With a stable balance sheet and advancing greenfield projects, the company enters 2026 with strong momentum.