Sibanye reports record operating profit, soaring earnings, good dividend

Precious metals mining company Sibanye on Thursday reported record operating profit of R10.5-billion for the six months and year ended December 31, 2016, a 60% increase on the previous year. Group operating profit of R5.1-billion for the second half of 2016 was 29% higher than for the comparable period in 2015, with the gold division contributing R4.8-billion and the platinum division adding R304-million, including a positive R74-million contribution from Rustenburg for November and December 2016.