R5BN

Finweek English Edition - - IN BRIEF -

The amount wiped off the mar­ket value of Sibanye Gold in three days of trad­ing fol­low­ing the re­lease of a weak quar­terly re­port on 4 May. Sibanye re­ported an in­crease in allin costs to R473 573/kg in the March quar­ter, up more than R108 000/kg from the same pe­riod a year ago. The av­er­age gold price re­ceived in the quar­ter was R459 564/kg. Op­er­a­tions were ham­pered by load­shed­ding, un­der­ground fires and con­veyer belt prob­lems, it said.

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