11/20

Sibanye-Stillwater Drops 3.25% After-Hours on $500M Bond Issuance News

Sibanye-Stillwater Limited (SBSW) shares fell 3.25% to $4.17 in after-hours trading, following a close at $4.31 on November 19, 2024. The decline comes after the company announced plans to issue $500 million in bonds to finance the acquisition of precious metal refiner Reldan. This move has raised concerns among investors about the potential increase in debt and the strategic direction of the company, leading to a negative reaction in the market.