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South Africa's Sibanye Gold to buy Stillwater Mining for $2.2 billion in latest platinum push
By Alexandra Wexler
The Wall Street Journal
Friday, December 9, 2016
JOHANNESBURG -- South Africa's Sibanye Gold Ltd. said today it plans to buy U.S. palladium and platinum miner Stillwater Mining Co. for $2.2 billion, the company's first foray outside of southern Africa and the latest bold move to diversify beyond gold mining.
The purchase is Sibanye's third platinum acquisition since late 2015 and would make the company, which until last year was solely a gold miner, the world's third largest platinum producer. The move is a vote of confidence in platinum in addition to a strategic diversification away from the often difficult operating environment in South Africa. ...
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Market Analyst Fabrice Taylor Expects K92 Shares to Rise
as Company Commences Gold Production and Gains Cash Flow
Interviewed on Business News Network in Canada, market analyst and financial letter writer Fabrice Taylor said shares of K92 Mining (TSXV:KNT) are likely to rise, even amid declining gold prices, because the company has begun producing gold at its mine in Papua New Guinea:
Taylor cited the company's announcement here:
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