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Rank #13 · NYSE:SBSW
Mid-Tier Producer · Primary: Gold · Also: Platinum Group
South Africa · Jurisdictions: South Africa, United States, Australia
Canonical listing price
$10.00
+0.91%(+0.09 USD)
Updated 10/9/2026, 1:30:00 PM
Price data: Twelve Data
Gold · Mid-Tier Producer
vs Gold
1M -16.6 pp·3M +23.6 pp
vs GDX
1M -13.4 pp·3M -2.9 pp
1M vs Gold Miners group: -12.7 pp
Jurisdiction: South Africa, United States, Australia · Market cap rank-only (licensing)
Close-based returns and relative performance in percentage points vs mapped metal/ETF. Not a buy/sell signal or price target.
Valuation
Current market multiples relative to reported TTM financials. Peer context uses the Mining 50 Gold · Mid-Tier Producer group. Not fair value, price targets, or investment advice.
Historical Valuation
Historical valuation unavailable
ADR or foreign-listing share count could not be mapped safely to the quoted price.
Balance Sheet & Capital Allocation
Annual FY trends from certified filing data. Descriptive direction and magnitude only — not a quality score or investment recommendation.
Cash
$16.05B
$-9.51B YoY (-37.2%)
Debt
$41.69B
+$5.07B YoY (+13.8%)
Net Debt
Net Debt: $25.64B
+$14.58B YoY (+131.9%)
Share Count
2.83B
0 shares YoY (0.0%)
3-year share count change: +0.0% over 3 years
Capex / Revenue
19.2%
Prior year: 19.5%
FCF Conversion
-113.3%
Prior year: -215.9%
FCF (FY)
$-11.46B
+$3.86B YoY (+25.2%)
Debt Increase
Total debt increased $5.07B (+13.8%) versus the prior year.
2023-12-31 → 2024-12-31
Cash Drawdown
Cash decreased $9.51B (-37.2%) versus the prior year.
2023-12-31 → 2024-12-31
Operating Performance
Annual FY revenue, cash flow, capex, and margins from certified filing data. Descriptive trends only — not a quality score or investment recommendation.
Revenue
$112.29B
$-2.56B YoY (-2.2%)
Operating Cash Flow
$10.11B
+$3.02B YoY (+42.5%)
Free Cash Flow
$-11.46B
+$3.86B YoY (+25.2%)
Capex
$21.57B
$-842.00M YoY (-3.8%)
3-year revenue change: -34.8% over 3 years
OCF Margin
9.0%
Prior year: 6.2%
Change: +2.8 pp
FCF Margin
-10.2%
Prior year: -13.3%
Change: +3.1 pp
Capex / Revenue
19.2%
Prior year: 19.5%
Operating Cash Flow Increase
Operating cash flow increased $3.02B (+42.5%) versus the prior comparable period.
2023-12-31 → 2024-12-31
Free Cash Flow Increase
Free cash flow increased $3.86B (+25.2%) versus the prior comparable period.
2023-12-31 → 2024-12-31
FCF Margin Increase
Free cash flow margin moved from -13.3% to -10.2% (+3.1 pp).
2023-12-31 → 2024-12-31
Fundamental Changes
Deterministic changes from certified financial metrics. Descriptive only — not a quality score or investment recommendation.
Latest filing period: 6 material changes · 15 operating · 11 balance-sheet · 3 capital-allocation
FY2024 · Filed Apr 25, 2025
Debt Increase
Total debt increased $5.07B (+13.8%) versus the prior year.
Official filing sourceCash Drawdown
Cash decreased $9.51B (-37.2%) versus the prior year.
Official filing sourceOperating Cash Flow Increase
Operating cash flow increased $3.02B (+42.5%) versus the prior comparable period.
Official filing sourceFree Cash Flow Increase
Free cash flow increased $3.86B (+25.2%) versus the prior comparable period.
Official filing sourceFCF Margin Increase
Free cash flow margin moved from -13.3% to -10.2% (+3.1 pp).
Official filing sourceNet Debt Increase
Net debt increased from $11.06B to $25.64B (+131.9%).
Official filing sourceFY2023 · Filed Apr 25, 2025
Debt Increase
Total debt increased $13.89B (+61.1%) versus the prior year.
Official filing sourceRevenue Decline
Revenue declined 16.8% versus the prior comparable period.
Official filing sourceModules: mtf-trend, momentum, relative-strength · Last calculated: 10/12/2026, 10:42:54 AM
Price data provided by Twelve Data. Charts provided by TradingView. Grey Rabbit Scores and analysis are proprietary to Grey Rabbit Markets.
Gold · Mid-Tier Producer · factual only
| Company | Market Cap | Production | AISC | Net Debt / Cash |
|---|---|---|---|---|
| Sibanye Stillwater Limited(SBSW) | $7.08B | 456.5 koz | $2,509/oz | $1.57B |
| Alamos Gold Inc.(AGI) | — | 610.0 koz | $1,524/oz | $423.00M |
| Aris Mining Corporation(ARIS) | — | 325.0 koz | $1,705/oz | $127.59M |
| B2Gold Corp.(BTG) | — | 895.0 koz | $1,584/oz | $217.90M |
| Centerra Gold Inc.(CGAU) | — | 265.0 koz | $1,614/oz | $529.00M |
| DRDGOLD Limited(DRD) | — | 145.0 koz | $1,716/oz | $72.00M |
| Eldorado Gold Corporation(EGO) | — | 540.0 koz | $1,664/oz | $405.70M |
Sorted by market cap then name — not a ranking. Comparable curated fields only.
Multi-period filing history is available on Pro. Latest TTM P&L above is public.
Derived: eligible price × ADR-aware shares · Sibanye Stillwater Limited · Derived: Debt − Cash · Through 2026-02-01 · Coverage 7/8 key fields · not live filing scrape
Periods: YE 2025 ADR-equivalent (ordinary 2,830,567,264 ÷ 4) · YE 2025 · FY 2026 SA gold guidance excl. DRDGOLD · FY 2025 SA gold AISC incl. DRDGOLD (US$/oz) — not PGM AISC · YE 2025 SA gold Mineral Reserves 9.4 Moz (incl. DRDGOLD/Burnstone) — PGM reserves not in Au schema
MINING50-MARKETCAP-1.0 · MINING50-NETDEBT-1.0
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