Mining group, Sibanye-Stillwater, has acknowledged that it expects the string of accidents, which have occurred at some of its operations this year, to reduce gold production in the financial year ending 31 December.
In a statement released on Tuesday, Sibanye-Stillwater confirmed revision of forecast gold production by about 6% (between 36 500kg and 37 500kg). Capital expenditure has been adjusted to $230m.
Sibanye-Stillwater explained that the revisions were primarily due to “operational disruptions following safety-related incidents at Kloof and Driefontein and the power distruption this year at Beatrix.”
The company referred to the damage to infrastructure at Masakhane mine, following a seismic event, among the operational disturbances it experienced.