NEW YORK, NY / ACCESSWIRE / February 26, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Sibanye Stillwater Limited ("Sibanye Stillwater" or "the Company") (NYSE:SBSW). Investors who purchased Sibanye Stillwater securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/SBSW.
Investigation Details:
On February 21, 2024, Sibanye issued a press release providing a "production update and trading statement" for 2023. Among other items, Sibanye disclosed that its 2023 profit fell as much as 91%, citing a sharp decline in platinum group metal ("PGM") prices. Sibanye also said that it recognized impairments totaling 47.45 billion rand (approximately $2.5 billion), citing again the impact of weakening metal prices as well as operational challenges at its U.S. PGM and South African gold operations, and also at the Sandouville nickel refinery in France. On this news, Sibanye's American Depositary Receipt ("ADR") price fell $0.32 per ADR, or 6.96%, to close at $4.38 per ADR on February 21, 2024.
What's Next?
If you are aware of any facts relating to this investigation or purchased Sibanye Stillwater securities, you can assist this investigation by visiting the firm's site: bgandg.com/SBSW. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz and Grossman, LLC
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