Sibanye-Stillwater reports sizeable platinum, gold reserves and resources
JOHANNESBURG (miningweekly.com) – Sizeable group minerals resources and reserves were reported on Tuesday by mining company Sibanye-Stillwater.
The four-element platinum group metals (PGMs) at the South African PGM operations of the Johannesburg- and New York-listed company total 177.3-million resource ounces (-2.0%) and 29.4-million reserve ounces (+4.7%).
The two-element PGMs at the company’s US PGM operations total 80.9-million resource ounces (+2.2%) and 19.4-million reserve ounces (+2.1%).
South African gold operations including DRDGOLD and Burnstone host gold resources of 36.4-million ounces (-25.5%) and gold reserves of 9.4-million ounces (-6.3%).
South African gold operations host 59.3-million pounds of uranium oxide resources (+0.1%) and 25.2-million pounds of uranium oxide reserves.
Lithium resources total 510 kt lithium carbonate equivalent (-24.0%) and lithium reserves of 248kt (unchanged) are reported, along with zinc resources of 963 kt (-17.4%) and zinc reserves of 308kt (-44.2%) and copper resources of 5 500kt (-31.1%) and copper reserves of 478 kt.
The declared resources and reserves for the group's managed operations and projects are the outcome of a detailed annual operational and life of mine planning process and are indicative of the considerable underlying assets base which supports sustainable, long-life production, Sibanye-Stillwater stated in a release to Mining Weekly.
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