Ontario First Nation demands input in Springpole gold project’s assessment
The Springpole project is host to one of the biggest undeveloped open pit gold deposits in North America.
Precious metals producer Sibanye-Stillwater said on Tuesday it fell into the red in the first half of the year due to a five-month strike at its South African gold operations.
Gold production was hit by the strike over pay and job cuts that ended in April and cost Sibanye more than $100 million in lost revenue.
The diversified miner, which is due to release its first-half results on Thursday, said it expects a headline loss of 54 cents per share for the six months to June 30, compared with headline earnings per share of 4 cents in the year ago period.
As a result, it expects to report an attributable loss of 265 million rand ($17 million) for the period compared with an attributable profit of 77 million rand during the same period a year ago.
($1 = 15.2369 rand)
(By Tanisha Heiberg; Editing by Susan Fenton)
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