Sibanye Gold issues trading statement
JOHANNESBURG (miningweekly.com) – Sibanye Gold, which started trading on the JSE in February, said on Monday that it expected headline earnings a share (Heps) for the six months ended June 30 to be between 110c a share and 130c a share.
As a result of the Section 189 process at its Beatrix West mine, which could affect 1 110 jobs, and an impairment of these mining assets by some R591-million, earnings a share (EPS) for the period were expected to be between 35c a share and 45c a share.
These earnings ranges were based on 7.33-million shares in issue at June 30.
However, based on the lower weighted average number of shares in issue during the period of 5.66-million shares, Heps would be between 140c a share and 170c a share, and EPS would be between 40c a share and 60c a share.
The company earlier this year reported net earnings of R2.98-billion for the year ended December 31, 2012, marking a 16% increase in net earnings compared with that of the equivalent period in 2011.
The NYSE- and JSE-listed company will release its operating and financial results for six-month period on August 13.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation















