Higher Metals Prices Are Sustainable, Sibanye CEO Says

by birtanpublished on September 2, 2020

You the higher prices though have allowed you to pay down debts um we have seen you coming back and paying a dividend as you anticipated that you would we'll come and talk more about that in in detail in just a moment but do you

Think these higher prices are sustainable i i certainly i certainly do and and again gold um needs needs to be looked at uh in in in one way and and you know it's all about risk and safe

Haven and and i think where the world finds itself gold has got good prospects from a commodity perspective from the the industrial underpin on pgms again it's it's very dependent on what

The economy is internationally going to do we've seen v-shaped recoveries in china and and in the us europe remains still a bit of a question mark

To us but certainly the the fundamentals for the pgms uh also look pretty robust there could be some volatility in the short term but our medium and long term sort of views are

Are constructive so so as a company we're in a good position neil guy mentioned your dividend so i want to talk about it first time in three years that you've paid this out 50 cents a share 79 million dollars

But it is below your usual payout ratio are you going to be able to raise that when you deliver your full year results oh absolutely um as you know um we predominantly a south african company we've just come out of a lockout

Or lockdown i should say in south africa we are busy rebuilding production and and we thought it prudent rather to go with a much smaller interim dividend and we it's 15 of our normalized earnings

Our our policy is between 25 and 35 as an interim dividend and obviously our first dividend in in a long time we we've just taken a very prudent approach but we certainly look forward

To a much fuller year-end dividend early next year

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