Sibanye Stillwater WKN: A2PWVQ ISIN: ZAE000259701 Forum: Aktien Thema: Hauptdiskussion

Neubewertungen sind normal, man muss halt gucken, ob die am Ende auch stimmt, handelt sich ja um Schätzungen. Ich persönlich finde es sogar besser, wenn diese konservativ angesetzt sind, das zahlt sich später meist aus.

Sollte es nun abwärts gehen oder gibt es noch Hoffnung?

Oh, diesen extreme Fall habe ich nicht kommen sehen. Ich lag hier komplett fals

So sehe ich das auch. Dazu kommt noch, dass die Nickelmine, welche prozentual die höchste Abschreibung hat, sowieso teils defizitär operierte. Und dass das Keliber Projekt hohe Abschreibungen hinnehmen musste, liegt wohl am immer noch niedrigen Lithium Preis und daran, dass Projekte in Europa einfach teuer sind. Solange Europa dahingehend nichts unternimmt und der Lithiumpreis nicht anzieht, wird das Keliber Projekt auch weiterhin wohl nur langsam hochgefahren werden und solange wird es auch keine Gewinne einfahren. Für mich war das schon absehbar, weil logisch.

Danke für deinen Post. Wie denkst du denn persönlich darüber? Klar ist die Veröffentlichung gesetzlich vorgeschrieben. Und es betrifft natürlich 'Bewertungen'. Aber mein Gefühl sagt mir, dass diese bewusst konservativ, oder sagen wir besser 'vorsichtig' vorgenommen wurden. Ich kann das nicht wirklich beurteilen. Aber dein Eindruck würde mich schon interessieren, auch wenn sich alle Anleger auf die Seriosität der Bewertungen verlassen müssen.

Trading statement for 2025 In terms of paragraph 6.26 of the Listing Requirements of the JSE Limited (JSE), a company listed on the JSE is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the current period to be reported on, will differ by at least 20% from the financials result for the previous corresponding period. Accordingly, stakeholders are advised that Sibanye-Stillwater expects to report headline earnings per share (HEPS)  of between 232 SA cents (13 US cents) and 256 SA cents (14.3 US cents), representing an increase of more than 360% (or more than 3.6 times higher) compared with HEPS of 64 SA cents (3.5 US cents) for 2024. The Group expects to report a basic loss per share (EPS loss) of between 174 SA cents (9.7 US cents) and 194 SA cents (10.9 US cents) for 2025, representing an improvement of between 24.8% to 32.6%, compared with an EPS loss of 258 SA cents (14.1 US cents) for 2024. The significant increase in HEPS reflects an increase in revenue primarily due to higher precious metals prices for 2025, which have continued to increase into 2026. Revenue less cost of sales before amortisation and depreciation for 2025 is expected to be more than 160% higher than for 2024. The basic loss per share expected for 2025 is primarily due to the recognition of impairments totalling R14,007 million (US$783 million) or 495 SA cents (28 US cents) for 2025, which are non-cash items and are excluded from HEPS. As required by IFRS Accounting Standards, the Group undertakes periodic impairment tests using Group-approved life of mine plans and applying various assumptions to determine the recoverable amounts of assets, including inter alia weighted average commodity prices and exchange rates derived by considering various bank and commodity broker consensus forecasts. Due to the cyclical nature and volatility of commodity prices, bank and broker consensus price forecasts are subject to frequent change, which may result in estimates of value for the Group assets varying from period to period.  Impairments are non-cash items and are excluded from HEPS. Impairments for the year ended 31 December 2025 are mainly related to: R7,804 million (US$436 million) for the Keliber lithium project for 2025, of which R2,460 million1 (US$138 million) was recognised for H2 2025 R3,779 million (US$217 million) at Kloof2 during H2 2025 R4,230 million (US$230 million) at the US PGM operations3 reported in H1 2025 These were partially offset by impairment reversals of R1,923 million (US$111 million)4 for the Burnstone project and Beatrix and Driefontein operations for H2 2025

4E PGM Mineral Resources of 177.3Moz (-2.0%) and Mineral Reserves of 29.4Moz (+4.7%) at our SA PGM operations 2E PGM Mineral Resources of 80.9Moz (+2.2%) and Mineral Reserves of 19.4Moz (+2.1%) at our US PGM operations  Gold Mineral Resources of 36.4Moz (-25.5%) and Mineral Reserves of 9.4Moz (-6.3%) at our SA gold operations (including DRDGOLD) and development projects (including Burnstone) Uranium Oxide (U3O8) Mineral Resources of 59.3Mlb (+0.1%) and Mineral Reserves of 25.2Mlb at our SA gold operations Lithium Mineral Resources of 510kt lithium carbonate equivalent (LCE) (-24.0%) and Mineral Reserves of 248kt (unchanged) Zinc Mineral Resources of 963kt (-17.4%) and Mineral Reserves of 308kt (-44.2%) Copper Mineral Resources of 5,500kt (-31.1%) and Mineral Reserves of 478kt

Johannesburg, 17 February 2026: Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW) is pleased to report attributable Group Mineral Resources and Mineral Reserves as at 31 December 2025.   The declared Mineral Resources and Mineral Reserves for the Group's managed operations and projects are the outcome of a detailed annual operational and life of mine (LoM) planning process and are indicative of the considerable underlying mineral assets base which supports sustainable, long-life production. In addition, attributable Mineral Resources and Mineral Reserves are also declared based on our legal interest in non-managed mineral properties.   This Mineral Resources and Mineral Reserves declaration represents a condensed and consolidated summary of the full Sibanye-Stillwater Mineral Resources and Mineral Reserves declaration, which will be available in the Group Mineral Resources and Mineral Reserves Report. The report will be published on 24 April 2026 at www.sibanyestillwater.com/news-investors/reports/annual/.

Ist eigentlich ein riesen Ding für Sibanye, wundert mich, dass der Kurs gerade bei Sibanye darauf noch nicht so reagiert hat. Zuletzt gab es einen Haufen gute Nachrichten(3 Jahresvertrag mit der Gewerkschaft, langlebiger Stromliefervertrag, eigene, grüne Stromproduktion und somit Sicherheit vor Stromausfällen, wahrscheinlich Zölle auf russisches Palladium, die Edelmetallkurse stehen weit höher als 2023, außer bei Palladium und Platin und trotzdem ist der Kurs noch ein gutes Stück weg vom ATH... Naja, wird sich schon auszahlen, man muss nur Geduld haben. Rein charttechnisch könnten die Edelmetallkurse bald wieder Fahrt nach Oben aufnehmen.

'...Das Handelsministerium erklärte diese Woche, dass die vorläufigen Ergebnisse seiner Untersuchung auf Dumping hindeuten, und gab eine „vorläufige gewichtete durchschnittliche Dumpingspanne” von 132,83 % für Palladium aus Russland an...!'

https://seekingalpha.com/news/4551987-sibanye-stillwaters-call-for-tariffs-on-russian-palladium-wins-initial-u-s-backing

Immer gerne!

Danke

Sibanye-Stillwater (JSE: SSW and NYSE: SBSW) welcomes the announcement of a preliminary affirmative determination by the United States Department of Commerce (Commerce) regarding the antidumping duty investigation into imports of unwrought palladium from Russia. The preliminary determination references antidumping duty rates of 132.83% on imports of unwrought palladium from Russia, which is effective upon the decision’s publication in the Federal Register, which could occur as early as next week. This tariff is subject to final determinations by the International Trade Commission (ITC) and Commerce, which are expected to be completed in June 2026. The duties are expected to act as a deterrent to Russian palladium imports entering the US market. This development follows the antidumping and countervailing duty petitions filed by Sibanye‑Stillwater, together with the United Steelworkers Union, in July 2025, to address Russian palladium imports to the US and to protect the long‑term sustainability of domestic platinum group metals (PGM) supply in the United States (refer to the Media release). Between 2022 and 2024, US imports of Russian palladium increased by 35%, while palladium prices fell by 50%. Since filing the petitions, Russian palladium imports into the United States appear to have declined substantially, and palladium prices have increased materially. The antidumping investigation continues alongside a countervailing duty investigation by Commerce and a concurrent injury determination by the ITC. A final outcome will be subject to further determinations by these authorities. “We are encouraged by the Commerce Department’s affirmative preliminary determination and would like to thank all stakeholders who have been working tirelessly to advance this process. Russia’s palladium dumping has resulted in a material competitive disadvantage to the local United States PGM producers and employees, and enforcement of US trade laws enables our US PGM operations to compete on a more level playing field against other, less regulated regions,” said Richard Stewart, CEO of Sibanye-Stillwater.

Sibanye-Stillwater (JSE: SSW and NYSE: SBSW) and NOA are pleased to announce the conclusion of a 138 megawatt (MW) renewable energy power purchase agreement (PPA). This additional supply will increase Sibanye-Stillwater’s renewable energy portfolio to approximately 765MW, entrenching the Group’s position as the largest contracted private renewable energy off-taker in the South African (SA) mining industry and a leader in the country’s private sector transition to renewable energy. In terms of this agreement, Sibanye-Stillwater’s SA operations will be supplied with 138 MW per annum of renewable energy from NOA, a licensed energy trader, from a portfolio of aggregated solar and wind generation facilities under a flexible 10-year agreement, supplemented by short-term supply on a take-and-pay basis. This additional renewable energy supply from NOA is expected to reduce Sibanye-Stillwater's greenhouse gas emissions by approximately 433,0801 tCO₂e per annum from 2028 onwards. Electricity will be delivered through a national wheeling framework using the Eskom grid.