www.sibanyestillwater.com
MARKET RELEASE
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
https://www.sibanyestillwater.com/investors/financial-reporting/annual-reports/2018.
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 (FY17).
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 unchanged.
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”.
Sibanye Gold Limited
Trading as Sibanye-Stillwater
Reg. 2002/031431/06
Incorporated in the Republic of South Africa
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye-Stillwater”,”the Company” and/or “the Group”)
Business Address:
Libanon Business Park
1 Hospital Street
(Off Cedar Ave)
Libanon, Westonaria, 1780
Postal Address:
Private Bag X5
Westonaria, 1780
Tel +27 11 278 9600
Fax +27 11 278 9863