Sibanye cuts US platinum group metals output forecast after strike

SBSW•2026-11-05

Sibanye Stillwater cut its 2026 forecast for US palladium and platinum production to 245,000–255,000 ounces from 280,000–300,000 ounces after a five-week strike. Third-quarter US output fell 19% year over year to 59,417 ounces.

1. US output forecast cut

Sibanye Stillwater lowered its 2026 production forecast for its US operations to 245,000–255,000 ounces of palladium and platinum, down from 280,000–300,000 ounces, following a five-week strike that ended on October 7. Third-quarter US production declined 19% year over year to 59,417 ounces.

2. Other production and earnings

Southern African platinum group metals output fell 10% to 458,202 ounces, while Sibanye maintained its 2026 guidance for those mines at 1.65 million–1.75 million ounces. Gold production declined 12% to 155,449 ounces, but group adjusted EBITDA rose 9% to 10.8 billion rand ($661.39 million), supported by higher commodity prices.