Sibanye Gold is trading 4.3% up now at $13.10 after investors continued reacting to its September 1 earnings release.
- Record first-half revenue of R90 billion and adjusted EBITDA of R31.8 billion reflected stronger PGM and gold prices.
- Net debt fell sharply, and management declared a R5.7 billion interim dividend.
- Broader equities and materials are also higher, but earnings remain the stronger explanation for the second consecutive daily advance.