JOHANNESBURG - Sibanye-Stillwater said on Thursday the resumption and build-up of production from its South African gold operations had progressed according to plan following the resolution of a five month strike in April.
Last November, more than 15,000 workers affiliated to the Association of Mineworkers and Construction Union embarked on a protracted strike at Sibanye gold mines demanding higher wages, negatively impacting output.
On Thursday, Sibanye said gold production between April and June was 46 percent higher at 155,956 ounces compared to the period from January to March.
It said operating results from its three segments were significantly improved in the second quarter, relative to the first.
Further operational improvements forecast across the group during the second half of the year were providing the momentum to achieve segmental annual guidance, it added.