Sibanye falls on trading update

Comment on this story
GoldNecklace12345 Reuters.

Johannesburg - Shares in Sibanye Gold tumble more than 3 percent as the South African gold producer says first-half earnings likely fell as much as 52 percent, hit by an increase in the number of issued shares.

Sibanye, a spin-off of South Africa's No.2 gold producer Gold Fields, is down 3.07 percent at 28.11 rand.

The company said headline earnings, the primary measure of profit in South Africa, would probably come in a range of 75 and 85 cents per share in the six months ended June, compared with 156 cents a year earlier. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines