Dmitriy Dyachenko's questions to Sibanye Stillwater (SBSW) leadership • H1 2025
Question
Dmitriy Dyachenko of Investment Capital Ukraine (ICU) asked about the Burnstone project, questioning the factors influencing a potential restart, whether there were geological concerns, and the likelihood of it remaining on care and maintenance.
Answer
Richard Stewart, CEO Designate & Executive Director, clarified that the decision to place Burnstone on care and maintenance was driven by balance sheet preservation, not technical issues. He stated that the current assessment is focused on capital allocation, restart costs, and alternative financing options, rather than concerns about geology or the gold price.