SBGL +.36 to $11.14
I decided to research how much Sibanye produces in the various metals. I found a 9/19 presentation with approximate numbers from 2018. They include projected totals from the Lonmin acquisition that closed in 2019.
Platinum #1 in the world 1.48 million oz
Palladium #2 in the world 1.13 million oz (doesn’t include recycling # from US)
Rhodium #1 in the world 196K oz
Gold 10th? In the world ~1 million oz
To get an idea of the impact of rising metals prices, I looked up prices on 1/19 versus today.
Platinum $800 to 1018 today or +$218/oz
Palladium $1200 to 2354 today or +$1354/oz
Rhodium $2500 to 9,985 today or +$7485
Gold $1290 to 1557 today or +$267/oz
Using the annual production #, let’s look at the impact of the price increases on 2018 production.
Platinum 1.48X 218 = $322.6 million
Palladium 1.13 X 1354= $1.53 billion
Rhodium 196K X 7485 = 1.46 billion
Gold 1 X 267 = 267 million
Total projected annual revenue increases due to increasing metal prices $3.579.6 billion
Total annual revenue for 2018 was about 3 billion dollars. So IF prices stay elevated, total revenues will more than double from 2018 levels. Assuming costs stay about the same, the bottom line should improve by the 3.5 billion dollars.
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If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE
