Sibanye Stillwater Limited’s operating update for the quarter ended 30 September 2026 shows that Group remains on track to achieve annual operating guidance for 2026, with the exception of the US PGM operations, where production and cost guidance has been revised to reflect the impact of the approximate five-week strike.
Richard Stewart, chief executive officer of Sibanye-Stillwater, says the Group continued to make progress on its strategic priorities during Q3 2026 (Image source: Algoa FM
Algoa FMRichard Stewart, chief executive officer of Sibanye-Stillwater, says the Group continued to make progress on its strategic priorities during Q3 2026… “delivering encouraging safety improvements, consistent operating results and a significantly stronger financial position.”
He adds, "Supported by higher commodity prices and stable operational performance from the SA PGM, SA gold, Recycling and Century zinc retreatment operations, adjusted EBITDA increased by 9% year-on-year to R10.8bn ($662m)."
Highlights
- Quarter-on-Quarter improvement in operating performance across the SA PGM and SA gold operations, steady output at the Century zinc retreatment operation, while the US PGM operations were negatively impacted by industrial action
- The Group remains on track to meet annual operating guidance with the exception of the US PGM operations following the strike
- Group adjusted EBITDA increased 9% year-on-year to R10.8bn ($662m), supported by higher commodity prices
- Continued improvements across key safety metrics quarter-on-quarter and year-to-date
- Finalisation of the US PGM labour agreement and introduction of team-based incentives represent a significant milestone in the transition to a more productive and sustainable mechanised operating model at the US PGM operations
Health & Safety
>Q3 2026 saw continued improvements in the Group's injury-frequency metrics, including year-on-year reductions in both serious and total reportable injuries. Key milestones included one year fatality-free at Driefontein.
The Group serious injury frequency rate (SIFR) per million hours worked improved year-on-year to 1.82 from 2.31 for Q3 2025, while sustained near-miss incident reporting strengthened risk awareness, operational transparency and confidence in the incident reporting process.
The quarter was however, marred by the tragic loss of two colleagues at our Beatrix operations.
Lwandile Kohliso, was found deceased underground on 21 September 2026 and Chinonge Kalie a protection services officer was fatally injured in a shooting involving illegal miners on 23 July 2026.
“The Board and management extend our sincere condolences to the families and friends of Mr Kohliso and Mr Kalie.”
