A proposal by Sibanye-Stillwater for a metals streaming deal can’t come quickly enough for the gold and platinum producer as concerns about the well-being of its balance sheet are hanging. There is grim determination on the share, with it being 47% weaker on a 12-month basis, at the time of writing.
“Challenges with the South African gold business place the balance sheet back into focus with progress on options to reduce leverage anticipated shortly,” said BMO Capital Markets in a note. It added that the weaker rand had released the pressure to some extent, but “… the SA gold business remains around break-even and we remain concerned that structural issues will continue to affect longer-term performance”.
Bu hikaye Finweek English dergisinin 19 July 2018 sayısından alınmıştır.
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Bu hikaye Finweek English dergisinin 19 July 2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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