Sibanye-Stillwater not interested in gold M&A, CEO says

CAPE TOWN, Feb 6 (Reuters) - Sibanye-Stillwater is not interested in gold mergers and acquisitions, CEO Neal Froneman said on Monday, after Newmont's $16.9 billion bid for Newcrest increased the pressure on gold miners to consolidate.

Froneman, a seasoned dealmaker, said he had "moved on" from the idea he floated two years ago of merging Sibanye with South African peers Gold Fields and AngloGold Ashanti to create a South African gold mining "champion".

Speaking on the sidelines of the Investing in Africa Mining Indaba in Cape Town, Froneman said he was focused on building a "geographically diverse green metals company".

Newmont has offered to buy Australia's Newcrest in an all-share bid valuing it at $16.9 billion. (Reporting by Helen Reid; Editing by Kirsten Donovan)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

Sibanye-Stillwater not interested in gold M&A, CEO says

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

Solid price gains for gold, silver after busy news weekend

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Silver prices breach $32/oz as bullish technicals and fundamentals suggest potential breakout

off-the-wire

Sibanye-Stillwater not interested in gold M&amp;A, CEO says

By Reuters

Reuters

Reuters

Sibanye-Stillwater not interested in gold M&A, CEO says