Sibanye Gold (SBGL) 6-K 4 Oct 19 2019 H1 Current report (foreign) Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	Sibanye Gold Ltd
Entity Central Index Key	0001561694
Document Type	6-K
Document Period End Date	Jun. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	H1

Condensed consolidated income s

Condensed consolidated income statement shares in Thousands, R in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Dec. 31, 2018USD ($)	Dec. 31, 2018ZAR (R)	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)
Condensed consolidated income statement
Revenue	$ 1,657.4	R 23,534.9	$ 1,883.7	R 26,746.4	$ 1,942.3	R 23,910
Cost of sales, before amortisation and depreciation	(1,455.1)	(20,662.1)	(1,540)	(21,872.8)	(1,595.6)	(19,642.4)
Net operating profit before amortisation and depreciation	202.3	2,872.8	343.7	4,873.6	346.7	4,267.6
Amortisation and depreciation	(206)	(2,924.7)	(248.1)	(3,519.1)	(251.4)	(3,094.7)
Interest income	20.2	287.3	20.9	290.8	15.5	191.3
Finance expense	(110.7)	(1,571.3)	(124.4)	(1,750.5)	(112.4)	(1,384.2)
Share-based payments	(11.5)	(163)	(11.7)	(164.7)	(10.9)	(134.7)
Loss/(gain) on financial instruments	(37.7)	(535.5)	71	993.9	57.7	710.2
Gain on foreign exchange differences	3.7	52.6	71.2	959	17.1	210.1
Share of results of equity-accounted investees after tax	18	255.7	9.9	145.7	16.1	198.5
Net other costs	(52.3)	(743.1)	(23.1)	(333.2)	(30.2)	(372)
Care and maintenance	(21.4)	(304.3)	(20.9)	(298.2)	(22.6)	(278.3)
Change in estimate of environmental rehabilitation obligation, and right of recovery receivable and payable	4.2	60.3	5	66.6
Other	(35.1)	(499.1)	(7.2)	(101.6)	(7.6)	(93.7)
(Loss)/gain on disposal of property, plant and equipment	(0.3)	(4.9)	1.9	28.4	2.6	31.8
Impairments	(6.6)	(93.1)	(224.9)	(2,981.8)	(4.8)	(59.6)
Gain on acquisition	76.9	1,092.5
Restructuring costs	(44.6)	(633.2)	(3.1)	(48.4)	(7.7)	(94.4)
Transaction costs	(6.9)	(97.5)	(14.7)	(209.5)	(15.7)	(193)
Gain on derecognition of borrowings and derivative instrument			17.4	230
Occupational healthcare expense			(0.4)	(5.2)	(0.8)	(10.2)
(Loss)/profit before royalties and tax	(155.5)	(2,205.4)	(114.4)	(1,491)	21.8	266.7
Royalties	(8.3)	(117.3)	(7.7)	(108.9)	(8.4)	(103.7)
(Loss)/profit before tax	(163.8)	(2,322.7)	(122.1)	(1,599.9)	13.4	163
Mining and income tax	150.8	2,141.5	(75)	(999.1)	(6.9)	(84.7)
Current tax	(46.2)	(656.3)	5.3	58.9	(12.5)	(154.2)
Deferred tax	197	2,797.8	(80.3)	(1,058)	5.6	69.5
(Loss)/profit for the period	(13)	(181.2)	(197.1)	(2,599)	6.5	78.3
(Loss)/profit for the period attributable to:
(Loss)/profit attributable to the owners of Sibanye-Stillwater	(18.9)	(265.2)	(195.4)	(2,576.3)	6.4	76.7
Non-controlling interests	$ 5.9	R 84	$ (1.7)	R (22.7)	$ 0.1	R 1.6

Condensed consolidated statemen

Condensed consolidated statement of other comprehensive income R in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Dec. 31, 2018USD ($)	Dec. 31, 2018ZAR (R)	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)
Condensed consolidated statement of other comprehensive income
(Loss)/profit for the period	$ (13)	R (181.2)	$ (197.1)	R (2,599)	$ 6.5	R 78.3
Other comprehensive income
Other comprehensive income, net of tax	0.3	(682.2)	(37.6)	454.5	(100.2)	1,309.6
Foreign currency translation adjustments	0.8	(674.4)	(41)	409.9	(100.2)	1,309.2
Mark to market valuation	(0.5)	(7.8)	3.4	44.6		0.4
Total comprehensive income	(12.7)	(863.4)	(234.7)	(2,144.5)	(93.7)	1,387.9
Total comprehensive income attributable to:
Owners of Sibanye Stillwater	(17.4)	(929.9)	(232.8)	(2,119.4)	(93.8)	1,386.3
Non-controlling interests	$ 4.7	R 66.5	$ (1.9)	R (25.1)	$ 0.1	R 1.6

Condensed consolidated statem_2

Condensed consolidated statement of financial position R in Millions, $ in Millions	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Dec. 31, 2018USD ($)	Dec. 31, 2018ZAR (R)	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)
Assets
Non-current assets	$ 5,214	R 73,515.5	$ 4,859.2	R 69,727.7	$ 4,875.1	R 66,933.4
Property, plant and equipment	4,023.8	56,735	3,802	54,558.2	3,875.1	53,204.7
Right-of-use assets	27.1	382.3
Goodwill	489	6,894.2	480.1	6,889.6	510.7	7,012.2
Equity-accounted investments	272.4	3,840.8	260.2	3,733.9	195.5	2,683.7
Other investments	28.3	398.6	10.9	156
Environmental rehabilitation obligation funds	312.2	4,402.3	278.7	3,998.7	259.5	3,562.4
Other receivables	55.8	786.2	21.9	314.4	21.2	290.6
Deferred tax assets	5.4	76.1	5.4	76.9	13.1	179.8
Current assets	1,829	25,787.8	1,059	15,195.3	1,030.7	14,150.6
Inventories	1,004.8	14,167.8	369	5,294.8	308.5	4,235.2
Trade and other receivables	363.3	5,122.9	476.2	6,833	459.9	6,314.8
Other receivables, current	3.5	49.4	2.5	35.2	2.6	35.2
Tax receivable	23.2	326.6	33.7	483.2	14.3	195.8
Non-current assets held for sale	8.6	120.7			92.5	1,270
Cash and cash equivalents	425.6	6,000.4	177.6	2,549.1	152.9	2,099.6
Total assets	7,043	99,303.3	5,918.2	84,923	5,905.8	81,084
Equity and liabilities
Total equity	2,146.7	30,265.5	1,723.2	24,724.4	1,858.2	25,512.8
Non-current liabilities	3,447.8	48,613.7	3,175.3	45,566	3,490.4	47,921.7
Borrowings, non-current	1,537.4	21,676.8	1,276.4	18,316.5	2,065.4	28,358
Derivative financial instrument	67.4	950.6	28.5	408.9	22.7	311.1
Lease liabilities, non-current	20.4	287.8
Environmental rehabilitation obligation and other provisions	578.3	8,154.4	438.6	6,294.2	356.8	4,898.7
Post-retirement healthcare obligation	0.4	5.2	0.4	5.6	0.8	11.1
Occupational healthcare obligation	76.6	1,080.2	81.1	1,164.2	77.5	1,063.5
Non-current portion of share-based payment obligations	12.7	178.6	11.8	168.9	31	425
Other payables	207	2,919	176.3	2,529.2	291	3,995.7
Deferred revenue, noncurrent	432.4	6,096.9	454.7	6,525.3
Deferred tax liabilities	515.2	7,264.2	707.5	10,153.2	645.2	8,858.6
Total current liabilities	1,448.5	20,424.1	1,019.7	14,632.6	557.2	7,649.5
Borrowings, current	385.9	5,441.3	431.2	6,188.2	24.3	334.3
Lease liabilities, current	7.4	104.9
Occupational healthcare obligation, current	17.8	251.2	7.7	109.9	11	150.6
Share-based payment obligations, current	4.2	59.7	4	56.8	2.3	31
Trade and other payables	793.6	11,189.3	547.5	7,856.3	497.8	6,834.4
Other payables, current	47.5	669.5	21.1	303.3	3.1	41.9
Deferred revenue, current	152.2	2,145.8	2.1	30.1
Tax and royalties payable	39.9	562.4	6.1	88	18.7	257.3
Total equity and liabilities	$ 7,043	R 99,303.3	$ 5,918.2	R 84,923	$ 5,905.8	R 81,084
Closing R/US$ rate	14.10	14.10	14.35	14.35	13.73	13.73

Condensed consolidated statem_3

Condensed consolidated statement of changes in equity R in Millions, $ in Millions	Stated capitalUSD ($)	Stated capitalZAR (R)	Other reservesUSD ($)	Other reservesZAR (R)	Accumulated lossUSD ($)	Accumulated lossZAR (R)	Non-controlling interestsUSD ($)	Non-controlling interestsZAR (R)	USD ($)	ZAR (R)
Balance at beginning of period at Dec. 31, 2017	$ 3,367.6	R 34,667	$ 510.2	R 2,569	$ (1,937.8)	R (13,257.6)	$ 1.6	R 19.8	$ 1,941.6	R 23,998.2
Comprehensive income			(100.2)	1,309.6	6.4	76.7	0.1	1.6	(93.7)	1,387.9
(Loss)/profit for the period					6.4	76.7	0.1	1.6	6.5	78.3
Other comprehensive income, net of tax			(100.2)	1,309.6					(100.2)	1,309.6
Dividends paid								(0.6)		(0.6)
Share-based payments			10.3	127.3					10.3	127.3
Balance at end of period at Jun. 30, 2018	3,367.6	34,667	420.3	4,005.9	(1,931.4)	(13,180.9)	1.7	20.8	1,858.2	25,512.8
Comprehensive income			(37.4)	456.9	(195.4)	(2,576.3)	(1.9)	(25.1)	(234.7)	(2,144.5)
(Loss)/profit for the period					(195.4)	(2,576.3)	(1.7)	(22.7)	(197.1)	(2,599)
Other comprehensive income, net of tax			(37.4)	456.9			(0.2)	(2.4)	(37.6)	454.5
Share-based payments			11	154.4					11	154.4
Acquisition of subsidiary with non-controlling interests							69.4	940.3	69.4	940.3
Transaction with DRDGOLD shareholders					19.3	261.4			19.3	261.4
Balance at end of period at Dec. 31, 2018	3,367.6	34,667	393.9	4,617.2	(2,107.5)	(15,495.8)	69.2	936	1,723.2	24,724.4
Comprehensive income			1.5	(664.7)	(18.9)	(265.2)	4.7	66.5	(12.7)	(863.4)
(Loss)/profit for the period					(18.9)	(265.2)	5.9	84	(13)	(181.2)
Other comprehensive income, net of tax			1.5	(664.7)			(1.2)	(17.5)	0.3	(682.2)
Dividends paid								(0.3)		(0.3)
Share-based payments			9.9	140.6					9.9	140.6
Acquisition of subsidiary with non-controlling interests							18	269.5	18	269.5
Transaction with DRDGOLD shareholders								(0.3)		(0.3)
Shares issued for cash1	120.2	1,688.4							120.2	1,688.4
Shares issued on Lonmin acquisition	288.1	4,306.6							288.1	4,306.6
Balance at end of period at Jun. 30, 2019	$ 3,775.9	R 40,662	$ 405.3	R 4,093.1	$ (2,126.4)	R (15,761)	$ 91.9	R 1,271.4	$ 2,146.7	R 30,265.5

Consolidated statement of chang

Consolidated statement of changes in equity (Parenthetical) R in Millions, $ in Millions	Jun. 10, 2019shares	Apr. 15, 2019ZAR (R)R / sharesshares
Stillwater
Shares issued on Lonmin acquisition | R		R 1,700
Number of shares issued		108,932,356
Par value per share | R / shares		R 0
Lonmin
Shares issued as consideration for the acquisition	290,394,531

Condensed consolidated statem_4

Condensed consolidated statement of cash flows R in Millions, $ in Millions	1 Months Ended	6 Months Ended
	Jul. 31, 2018USD ($)	Jun. 30, 2019R / $	Jun. 30, 2019$ / shares	Jun. 30, 2019	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Dec. 31, 2018R / $	Dec. 31, 2018$ / shares	Dec. 31, 2018	Dec. 31, 2018USD ($)	Dec. 31, 2018ZAR (R)	Jun. 30, 2018R / $	Jun. 30, 2018$ / shares	Jun. 30, 2018	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)
Cash flows from operating activities
Cash generated by operations					$ 68.2	R 968				$ 362.9	R 5,078.5				$ 294.4	R 3,623.9
Deferred revenue advance received	$ 500				123.3	1,751.3				495.1	6,555.4
Cash-settled share-based payments paid					(1.3)	(18.8)				(1)	(14.2)				(0.6)	(7.5)
Change in working capital					(31.6)	(449)				(41.1)	(581.6)				(39.7)	(488.4)
Total cash generated by operations					158.6	2,251.5				815.9	11,038.1				254.1	3,128
Interest received					4.3	60.6				7.6	107.1				7.1	87.6
Interest paid					(55.4)	(787.1)				(54.4)	(783.3)				(68)	(837.5)
Royalties paid					(4.3)	(61.6)				(11.8)	(161.3)				(5.9)	(73.1)
Tax (paid)/refund received					(9.6)	(135.9)				(25.6)	(337.2)				2.4	29.4
Dividends paid						(0.3)										(0.6)
Net cash from operating activities					93.6	1,327.2				731.7	9,863.4				189.7	2,333.8
Cash flows from investing activities
Additions to property, plant and equipment					(181.9)	(2,583.2)				(285.7)	(4,014.8)				(249.1)	(3,065.9)
Proceeds on disposal of property, plant and equipment					1.1	15				2.9	41.5				3.3	40.4
Acquisition of subsidiaries					(5.3)	(74.7)
Cash acquired on acquisition of subsidiaries					214	3,038.2				21.7	282.8
Dividends received					4.7	66.5				9.5	125.2
Contributions to funds and payment of environmental rehabilitation obligation					3.3	47.5				(7.1)	(93.6)				(0.1)	(1.7)
Payment of Deferred Payment (related to the Rustenburg operations acquisition)					(20)	(283.4)				(2.9)	(38.6)
Proceeds on loss of control of subsidiaries										19.3	256.1
Preference shares redeemed										7.8	102.8
Loan advanced to equity-accounted investee											(0.8)				(0.2)	(2.3)
Proceeds on disposal of marketable securities investments										0.1	1.2
Payments to dissenting shareholders										(103.9)	(1,375.8)
Net cash from/(used in) investing activities					15.9	225.9				(338.3)	(4,714)				(246.1)	(3,029.5)
Cash flows from financing activities
Loans raised					1,117	15,861.8				643.7	9,127.4				650.1	8,002.8
Loans repaid					(1,086)	(15,421.9)				(1,002.3)	(13,829.6)				(601.3)	(7,401.9)
Lease payments					(3.6)	(50.9)
Proceeds from share issue					118.9	1,688.4
Net cash from/(used in) financing activities					146.3	2,077.4				(358.6)	(4,702.2)				48.8	600.9
Net increase/(decrease) in cash and cash equivalents					255.8	3,630.5				34.8	447.2				(7.7)	(94.8)
Effect of exchange rate fluctuations on cash held					(7.8)	(179.2)				(10.1)	2.3				(6.3)	132
Cash and cash equivalents at beginning of the period	$ 152.9				177.6	2,549.1				152.9	2,099.6				166.9	2,062.4
Cash and cash equivalents at end of the period					$ 425.6	R 6,000.4				$ 177.6	R 2,549.1				$ 152.9	R 2,099.6
Average R/US$ rate		14.20	14.20	14.20			14.18	14.18	14.18			12.31	12.31	12.31
Closing R/US$ rate		14.10	14.10	14.10	14.10	14.10	14.35	14.35	14.35	14.35	14.35	13.73	13.73	13.73	13.73	13.73

Basis of accounting and prepara

Basis of accounting and preparation	6 Months Ended
	Jun. 30, 2019
Basis of accounting and preparation
Basis of accounting and preparation	Notes to the unaudited condensed consolidated interim financial statements 1. Basis of accounting and preparation The unaudited condensed consolidated interim financial statements are prepared in accordance with IAS 34 Interim Financial Reporting , the South African Institute of Chartered Accountants Financial Reporting Guides as issued by the Accounting Practices Committee and Financial Pronouncements as issued by Financial Reporting Standards Council. The accounting policies applied in the preparation of these interim financial statements are in terms of International Financial Reporting Standards (IFRS) and are consistent with those applied in the previous consolidated annual financial statements, except for the adoption of IFRS 16 Leases , as set out below. The translation of the primary statements into US dollar is based on the average exchange rate for the period for the condensed consolidated income statement and statements of other comprehensive income and cash flows, and the period-end closing exchange rate for the statement of financial position. Exchange differences on translation are accounted for in the statement of other comprehensive income. This information is provided as supplementary information only. The unaudited condensed consolidated interim financial statements for the six months ended 30 June 2019 have been prepared by Sibanye-Stillwater’s Group financial reporting team headed by Jacques Le Roux. This process was supervised by the Group’s Chief Financial Officer, Charl Keyter and approved by the Sibanye-Stillwater board of directors. 1.1 Standards, interpretations and amendments to published standards effective on 1 January 2019 issued, effective and adopted by the Group IFRS 16 Leases was adopted with effect from 1 January 2019. The standard sets out the principles for the recognition, measurement, presentation and disclosure of leases and requires lessees to account for most leases under a single on-balance sheet model. IFRS 16 supersedes IAS 17 Leases , IFRIC 4 Determining whether an Arrangement contains a Lease , SIC-15 Operating Leases-Incentives and SIC-27 Evaluating the Substance of Transactions Involving the Legal Form of a Lease . Under the new standard, all lease contracts, with limited exceptions, are recognised in the financial statements by way of right-of-use assets and corresponding lease liabilities. As a practical expedient, Sibanye-Stillwater applied the modified retrospective transition method, and consequently comparative information is not restated. The Group also elected to use the recognition exemptions for lease contracts that, at the commencement date, have a lease term of 12 months or less and do not contain a purchase option (short-term leases), and lease contracts for which the underlying asset is of low value (low-value assets). Under the modified retrospective transition approach, lease payments were discounted at 1 January 2019 using an incremental borrowing rate representing the rate of interest that the entity within the Sibanye-Stillwater Group which entered into the lease would have to pay to borrow over a similar term, and with a similar security, the funds necessary to obtain an asset of a similar value to the right-of-use asset in a similar economic environment. The average rate applied is 4.05% for the US operations and 9.22% for the SA operations. Lease liabilities were measured at the present value of the remaining lease payments, discounted using entity-specific incremental borrowing rates. After initial recognition, the lease liabilities are measured at amortised cost using the effective interest method. The impact of adopting of the new accounting standard on the statement of financial position on 1 January 2019 was as follows: · increase in right-of-use assets by R302.0 million · increase in lease liabilities by R302.0 million · no impact on accumulated loss The right-of-use assets comprise the initial measurement of the corresponding lease liability, lease payments made at or before the commencement date, any initial direct costs and restoration costs. They are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Group expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease.

Finance expense

Finance expense	6 Months Ended
	Jun. 30, 2019
Finance expense
Finance expense	2. Finance expense Figures in million - SA rand Six months ended Notes Jun 2019 Dec 2018 Jun 2018 Interest charge on: Borrowings – interest (676.5) (771.6) (800.9) - US$600 million revolving credit facility (RCF) (23.1) (21.1) (4.9) - R6.0 billion RCF, R4.5 billion Facilities, and other borrowings (Rand Facilities) (267.8) (287.4) (280.6) - 2022 and 2025 Notes (333.8) (408.9) (427.7) - US$ Convertible Bond (51.8) (54.2) (51.7) - US$350 million RCF - - (36.0) Borrowings - unwinding of amortised cost (183.3) (356.8) (181.5) - 2022 and 2025 Notes (23.0) (169.2) (27.5) - US$ Convertible Bond (95.5) (96.3) (89.5) - Burnstone Debt (62.6) (88.4) (64.5) - Other (2.2) (2.9) - Lease liabilities (14.1) - - Environmental rehabilitation obligation (256.1) (209.3) (189.5) Occupational healthcare obligation (57.3) (54.8) (50.6) Deferred Payment (related to the Rustenburg operations acquisition) (89.5) (100.2) (100.2) Dissenting shareholders (10.5) (25.2) (42.9) Deferred revenue (related to the Streaming Transaction) 1 (149.4) (160.3) - Other (134.6) (72.3) (18.6) Total finance expense (1,571.3) (1,750.5) (1,384.2) 1 For the six months ended 30 June 2019, finance expense includes R149.4 million non-cash interest relating to the gold and palladium streaming arrangement with Wheaton Precious Metals International (Wheaton International). Although there is no cash financing cost related to this arrangement, IFRS 15 requires Sibanye-Stillwater to recognise a notional financing charge due to the significant time delay between receiving the upfront streaming payment and satisfying the related metal credit deliveries. A discount rate of 5.4% was used in determining the finance expense to be recognised as part of the steaming transaction

(Loss)_gain on financial instru

(Loss)/gain on financial instruments	6 Months Ended
	Jun. 30, 2019
(Loss)/gain on financial instruments
(Loss)/gain on financial instruments	3. (Loss)/gain on financial instruments Figures in million - SA rand Six months ended Note Jun 2019 Dec 2018 Jun 2018 Fair value loss on rand gold forward sale contracts 1 (2.8) (89.4) (91.2) Fair value (loss)/gain on derivative financial instrument (552.7) (132.0) 810.1 Fair value adjustment of share-based payment obligations (10.0) 271.5 (21.6) Fair value (loss)/gain on foreign currency hedge - (6.3) 31.6 Gain on the revised cash flow of the Burnstone Debt - 804.6 - Gain on the revised cash flow of the Deferred Payment - 150.6 - Other 30.0 (5.1) (18.7) Total (loss)/gain on financial instruments (535.5) 993.9 710.2 1 At the end of 2017 and during 2018, Sibanye-Stillwater began a hedging programme for Sibanye Gold Limited and Rand Uranium Proprietary Limited by entering into commodity hedging contracts. The contracts comprise gold zero cost collars which establish a minimum (floor) and maximum (cap) gold sales price. At 30 June 2019, the net rand gold forward sale contracts financial liability was R164.0 million, realised loss was R77.8 million and unrealised gain was R153.3 million. As hedge accounting is not applied, resulting gains or losses are accounted for as gains or losses on financial instruments in profit or loss On 11 April 2019, Sibanye-Stillwater concluded a forward gold sale arrangement where the Group received a cash prepayment of US$125 million (approximately R1.75 billion) in exchange for the future delivery of 105,906 ounces (3,294 kilograms) of gold in four equal parts on 1 October 2019, 15 October 2019, 31 October 2019 and 15 November 2019, subject to a floor price of US$1,200/oz and a cap price of US$1,323/oz (gold prepayment). At 30 June 2019, the forward gold sale contracts financial liability (and unrealised loss) was R78.3 million (US$5.5 million)

Mining and income tax

Mining and income tax	6 Months Ended
	Jun. 30, 2019
Mining and income tax
Mining and income tax	4. Mining and income tax Figures in million - SA rand Six months ended Jun 2019 Dec 2018 Jun 2018 Tax on loss/(profit) before tax at maximum South African statutory company tax rate 650.4 447.9 (45.6) South African gold mining tax formula rate adjustment (261.4) (97.2) 44.2 US statutory tax rate adjustment 67.0 33.9 (14.5) Non-deductible finance expense (25.7) (118.2) - Non-deductible share-based payments (39.4) (43.3) (35.6) (Non-deductible loss)/non-taxable gain on fair value of financial instruments (27.9) 171.0 (34.1) (Non-deductible loss)/non-taxable gain on foreign exchange differences (1.2) 244.1 6.2 Non-taxable share of results of equity-accounted investees 71.6 40.8 55.6 Non-deductible impairments (24.2) (122.7) (0.5) Non-taxable gain on acquisition 305.9 - - Non-deductible transaction costs (26.9) (110.0) - Tax adjustment in respect of prior periods - (46.6) 98.0 Net other non-taxable income and non-deductible expenditure 71.7 65.9 (2.1) Change in estimated deferred tax rate 1,544.0 (1,295.2) - Deferred tax assets not recognised (162.4) (169.5) (156.3) Mining and income tax 2,141.5 (999.1) (84.7)

Earnings per share

Earnings per share	6 Months Ended
	Jun. 30, 2019
Earnings per share
Earnings per share	5. Earnings per share 5.1 Six months ended Jun 2019 Dec 2018 Jun 2018 Ordinary shares in issue (’000) 2,670,029 2,266,261 2,265,478 Bonus element of the capitalisation issue (’000) - - 402 Adjustment for weighting of ordinary shares in issue (’000) (328,462) (273) (4,127) Adjusted weighted average number of shares (’000) 2,341,567 2,265,988 2,261,753 (Loss)/profit attributable to owners of Sibanye-Stillwater (SA rand million) (265.2) (2,576.3) 76.7 Basic earnings per share (EPS) (cents) (11) (114) 3 5.2 Six months ended Jun 2019 Dec 2018 Jun 2018 Weighted average number of shares Adjusted weighted average number of shares (’000) 2,341,567 2,265,988 2,261,753 Potential ordinary shares (’000) - - 25,172 Diluted weighted average number of shares (’000) 2,341,567 2,265,988 2,286,925 Diluted basic EPS (cents) (11) (114) 3 5.3 Figures in million - SA rand Six months ended Jun 2019 Dec 2018 Jun 2018 (Loss)/profit attributable to owners of Sibanye-Stillwater (265.2) (2,576.3) 76.7 Loss/(gain) on disposal of property, plant and equipment 4.9 (28.4) (31.8) Impairments 93.1 2,981.8 59.6 Gain on acquisition (1,092.5) - - Taxation effect of re-measurement items (3.2) (494.7) (3.5) Re-measurement items, net of tax attributable to non-controlling interests (0.2) - - Headline earnings (1,263.1) (117.6) 101.0 Headline EPS (cents) (54) (5) 4 5.4 Six months ended Jun 2019 Dec 2018 Jun 2018 Diluted headline EPS (cents) (54) (5) 4

Dividends

Dividends	6 Months Ended
	Jun. 30, 2019
Dividends
Dividends	6. Dividend policy Sibanye-Stillwater’s dividend policy is to return at least 25% to 35% of normalised earnings to shareholders and after due consideration of future requirements the dividend may be increased beyond these levels. The Board, therefore, considers normalised earnings in determining what value will be distributed to shareholders. The Board believes normalised earnings provides useful information to investors regarding the extent to which results of operations may affect shareholder returns. Normalised earnings is defined as earnings attributable to the owners of Sibanye-Stillwater excluding gains and losses on financial instruments and foreign exchange differences, impairments, gain on disposal of property, plant and equipment, occupational healthcare expense, restructuring costs, transactions costs, share-based payment on BEE transaction, gain on acquisition, other business development costs, share of results of equity-accounted investees, after tax, and changes in estimated deferred tax rate. Due to normalised earnings being negative, the Board has not declared a dividend for the period. Figures in million - SA rand Six months ended Jun 2019 Dec 2018 Jun 2018 (Loss)/profit attributable to the owners of Sibanye-Stillwater (265.2) (2,576.3) 76.7 Adjusted for: Loss/(gain) on financial instruments 535.5 (993.9) (710.2) Gain on foreign exchange differences (52.6) (959.0) (210.1) Loss/(gain) on disposal of property, plant and equipment 4.9 (28.4) (31.8) Impairments 93.1 2,981.8 59.6 Gain on acquisition (1,092.5) - - Restructuring costs 1 633.2 48.4 94.4 Transaction costs 97.5 209.5 193.0 Gain on derecognition of borrowings - (230.0) - Occupational healthcare expense - 5.2 10.2 Other 30.1 5.4 13.3 Tax effect of the items adjusted above (295.3) (527.9) 182.2 Change in estimated deferred tax rate (1,544.0) 1,295.2 - Share of results of equity-accounted investees after tax (255.7) (145.7) (198.5) Normalised earnings 2 (2,111.0) (915.7) (521.2) 1 Restructuring costs of R633.2 million include R246.8 million voluntary separation agreements at the Marikana operations and R386.4 million at the SA gold operations due to the notice that was given (on 14 February 2019) to relevant stakeholders in terms of Section 189A of the Labour Relations Act, 66 of 1995. 2 Normalised earnings is a pro forma performance measure and is not a measure of performance under IFRS, may not be comparable to similarly titled measures of other companies, and should not be considered in isolation or as alternatives to profit before tax, profit for the year, cash from operating activities or any other measure of financial performance presented in accordance with IFRS

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2019
Acquisitions
Acquisitions	7. Acquisitions 7.1 Lonmin acquisition On 14 December 2017, Sibanye-Stillwater announced that it had reached agreement with Lonmin Plc (Lonmin) on the terms of a recommended all-share offer to acquire the entire issued and to be issued ordinary share capital of Lonmin (the Lonmin Acquisition). The Lonmin Acquisition was effected by means of a scheme of arrangement between Lonmin and the Lonmin shareholders under Part 26 of the UK Companies Act. Under the initial terms of the Lonmin Acquisition, each Lonmin shareholder was entitled to receive: 0.967 new Sibanye-Stillwater shares for each Lonmin share (Initial offer). On 25 April 2019, the boards of Sibanye-Stillwater and Lonmin reached agreement on the terms of an increased recommended all-share offer pursuant to which Sibanye-Stillwater, and/or a wholly owned subsidiary of Sibanye-Stillwater, will acquire the entire issued and to be issued ordinary share capital of Lonmin (the Increased Offer). Under the terms of the Increased Offer, Lonmin shareholders will be entitled to receive one new Sibanye-Stillwater share for each Lonmin share. On 15 May 2018, Sibanye-Stillwater received South African Reserve Bank approval for the proposed acquisition of Lonmin and on 28 June 2018, the proposed Lonmin transaction was unconditionally cleared by the UK Competition and Markets Authority. On 21 November 2018, Sibanye-Stillwater announced that the Competition Tribunal had approved the proposed acquisition of Lonmin, subject to specific conditions. In addition to the conditions agreed between Sibanye-Stillwater and the Competition Commission, a further condition had been imposed by the Competition Tribunal, namely a moratorium on retrenchments at the Lonmin operations for a period of six months from the implementation date. The Lonmin Transaction (or scheme) was approved by the UK Court and on 7 June 2019 (effective date) all the conditions precedent to the Lonmin Transaction were fulfilled. Sibanye-Stillwater obtained control of Lonmin on this date. The effective date of the implementation of the Lonmin Transaction was 10 June 2019, when Lonmin's listing on the Financial Conduct Authority's Official List and the trading of Lonmin shares on the London Stock Exchange's Main Market for listed securities was suspended, and 290,394,531 new Sibanye-Stillwater shares were listed on the Johannesburg Stock Exchange. Lonmin has a 30 September year end and is consolidated from the effective date. For the month ended 30 June 2019, the Marikana operations contributed revenue of R1,369 million and a net loss of R153 million to the Group’s results before Sibanye-Stillwater Group adjustments. The purchase price allocation (PPA) has been prepared on a provisional basis in accordance with IFRS 3 Business combinations . If new information obtained within one year of the acquisition date, about facts and circumstances that existed at the acquisition date, identifies adjustments to the below amounts or any additional provisions that existed at the date of acquisition, then the accounting for the acquisition will be revised. Consideration The fair value of the consideration is as follows: Figures in million - SA rand Jun 2019 Equity instruments (290,394,531 ordinary shares) 4,306.6 Total consideration 4,306.6 Acquisition related costs The Group incurred acquisition related costs of R213.5 million on advisory and legal fees. These costs are recognised as transaction costs in profit or loss during the period in which incurred. Identified assets acquired and liabilities assumed The following table summarises the recognised fair value of assets acquired and liabilities assumed at the acquisition date: Figures in million - SA rand Notes Jun 2019 Property, plant and equipment 3,527.1 Right-of-use assets 133.3 Other investments 269.0 Environmental rehabilitation obligation funds 299.2 Other non-current assets 517.3 Inventories 5,177.3 Trade and other receivables 946.6 Other current assets 15.0 Cash and cash equivalents 3,035.0 Lease liabilities (133.3) Environmental rehabilitation obligation and other provisions (1,826.3) Other non-current liabilities (933.0) Borrowings (2,605.7) Trade and other payables (2,662.5) Other current liabilities (90.4) Total fair value of identifiable net assets acquired 1 5,668.6 1 The fair value of assets and liabilities excluding property, plant and equipment, inventories and borrowings approximate the carrying value The fair value of property, plant and equipment was based on the expected discounted cash flows of the expected ore reserves and costs to extract the ore discounted at a real discount rate of 13.5% for the Marikana operations, an average platinum price of US$1,025/oz and an average palladium price of US$1,170/oz The fair value of inventories was based on the estimated selling price less costs to complete and costs to sell The fair value of borrowings was based on the settlement price. The Group restructured the Lonmin group entities funding arrangements to optimise financing costs. The Lonmin Pangaea Investments Management Limited (PIM) prepayment arrangement of US$174.3 million was fully settled by cash on hand and available within the Lonmin group on 5 July 2019 Gain on acquisition A gain on acquisition has been recognised as follows: Figures in million - SA rand Jun 2019 Consideration 4,306.6 Fair value of identifiable net assets acquired (5,668.6) Non-controlling interest, based on the proportionate interest in the recognised amounts of assets and liabilities 1 269.5 Gain on acquisition (1,092.5) 1 The amount recognised as non-controlling interest represents the non-controlling interest holders’ effective proportionate share of 4.75% of the fair value of the identifiable net assets acquired. The excess of the fair value of the net assets acquired over the consideration is recognised immediately in profit or loss as a gain on acquisition. The gain on acquisition is attributable to the transaction being attractively priced. 7.2 SFA (Oxford) acquisition On 21 June 2018, Sibanye-Stillwater announced it had agreed to acquire SFA (Oxford) Limited (SFA Oxford)), an established analytical consulting company that is a globally recognised authority on PGMs and has for several years provided in-depth market intelligence on battery materials and precious metals for industrial, automotive, and smart city technologies. The purchase consideration comprises an upfront payment of GBP4 million (R74.7 million) at the closing of the transaction and a deferred payment (contingent consideration), subject to a maximum payment of GBP6 million. The acquisition was subject to the fulfilment of various conditions precedent which were completed on 4 March 2019. Sibanye-Stillwater obtained control (100%) on this date. The PPA has been prepared on a provisional basis in accordance with IFRS 3. If new information obtained within one year of the acquisition date, about facts and circumstances that existed at the acquisition date, identifies adjustments to the below amounts or any additional provisions that existed at the date of acquisition, then the accounting for the acquisition will be revised. Figures in million - SA rand Jun 2019 Consideration 127.1 Fair value of identifiable net assets acquired (4.4) Goodwill 122.7 The goodwill is attributable to the talent and skills of SFA (Oxford)’s workforce. The goodwill has been provisionally allocated to the US and SA PGM cash generating units. None of the goodwill recognised is expected to be deducted for tax purposes.

Right-of-use asset

Right-of-use asset	6 Months Ended
	Jun. 30, 2019
Right-of-use asset
Right-of-use asset	8. Right-of-use asset Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Group expects to exercise a purchase option, the related right-of use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease. There were no onerous lease contracts that would require an adjustment to the right-of-use assets at the date of initial application. Figures in million - SA rand Six months ended Jun 2019 Impact of adopting IFRS 16 on 1 January 2019 302.0 Right-of-use asset acquired on acquisition of subsidiaries 133.3 Amortisation (47.2) Transfers and other movements (5.7) Foreign currency translation (0.1) Carrying value at end of the period 382.3

Equity accounted investments

Equity accounted investments	6 Months Ended
	Jun. 30, 2019
Equity-accounted investments
Equity accounted investments	9. Equity-accounted investments Figures in million - SA rand Six months ended Jun 2019 Dec 2018 Jun 2018 Balance at beginning of the period 3,733.9 2,683.7 2,244.1 Share of results of equity-accounted investee after tax 255.7 145.7 198.5 - Mimosa Investments Limited (Mimosa) 108.0 74.8 135.7 - Rand Refinery Proprietary Limited (Rand Refinery) 148.3 77.2 66.5 - Other (0.6) (6.3) (3.7) Dividend received from Mimosa (66.5) (87.0) - Preference shares redeemed - (102.8) - Net loan advanced to equity-accounted investee - 0.8 0.6 Impairment of investment in Living Gold Proprietary Limited (Living Gold) (12.3) - - Impairment of loan to Living Gold (14.3) - - Equity-accounted investment retained on loss of control of subsidiary - 956.0 - Foreign currency translation (55.7) 137.5 240.5 Balance at end of the period 3,840.8 3,733.9 2,683.7 Equity accounted investments consist of: - Mimosa 2,492.3 2,492.4 2,389.2 - Rand Refinery 387.6 239.3 264.9 - Peregrine Metals Ltd 960.9 978.0 - - Other equity-accounted investments - 24.2 29.6 Equity-accounted investments 3,840.8 3,733.9 2,683.7

Non-current assets held for sal

Non-current assets held for sale	6 Months Ended
	Jun. 30, 2019
Non-current assets held for sale
Non-current assets held for sale	10. Non-current assets held for sale On 26 June 2019, Sibanye-Stillwater announced that it had entered into an acquisition agreement (the Agreement) with Generation Mining Limited (Gen Mining) to further the development of the PGM-copper Marathon project, situated in northern Ontario, Canada, adjacent to Lake Superior (Marathon or the Marathon project). The Marathon project was acquired by Sibanye-Stillwater as part of the Stillwater acquisition in May 2017. Under the terms of the Agreement, on closing, Sibanye-Stillwater will receive an upfront cash payment of CA$3.0 million and 11,053,795 shares in Gen Mining (an equity interest of approximately 12.9% at CA$0.2714 per share). Gen Mining will acquire a 51% interest in the Marathon project and form an unincorporated joint venture with Stillwater Canada Inc. The Agreement was subject to customary conditions for a transaction of this nature and closed on 10 July 2019. Figures in million - SA rand Jun 2019 Dec 2018 Jun 2018 Property, plant and equipment 120.7 - 1,270.0 Non-current assets held for sale 120.7 - 1,270.0

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2019
Borrowings
Borrowings	11. Borrowings Figures in million - SA rand Six months ended Notes Jun 2019 Dec 2018 Jun 2018 Balance at beginning of the period 24,504.7 28,692.3 25,649.5 Borrowings on acquisition of subsidiaries 2,605.7 - - Loans raised 15,861.8 9,127.4 8,002.8 - US$600 million RCF 8,491.1 3,478.2 1,913.4 - R6.0 billion RCF 520.0 - 360.0 - US$350 million RCF - - 580.0 - Other borrowings (including DRDGOLD facility) 6,850.7 5,649.2 5,149.4 Loans repaid (15,421.9) (13,829.6) (7,401.9) - US$600 million RCF (4,671.6) (2,459.5) (285.2) - R6.0 billion RCF (3,370.0) - - - US$350 million RCF - - (1,779.6) - 2022 and 2025 Notes - (5,107.4) - - US$ Convertible Bond - (745.2) - - Other borrowings (including DRDGOLD facility) (7,380.3) (5,517.5) (5,337.1) Unwinding of loans recognised at amortised cost 183.3 356.8 181.5 Accrued interest (related to 2022 and 2025 Notes, and US$ Convertible Bond) 416.7 463.1 479.4 Accrued interest paid (396.5) (391.2) (516.0) Gain on derecognition of borrowings - (179.7) - Gain on the revised cash flow of the Burnstone Debt - (804.6) - (Gain)/loss on foreign exchange differences and foreign currency translation (635.7) 1,070.2 2,297.0 Balance at end of the period 27,118.1 24,504.7 28,692.3 Borrowings consist of: Figures in million - SA rand Jun 2019 Dec 2018 Jun 2018 US$600 million RCF 6,316.8 2,726.5 1,757.5 R6.0 billion RCF 3,046.4 5,896.4 5,896.4 2022 and 2025 Notes 9,658.8 9,808.7 14,022.2 US$ Convertible Bond 4,513.7 4,496.6 4,939.7 Burnstone Debt 1,187.5 1,145.1 1,780.0 Other borrowings 2,394.9 431.4 296.5 - Uncommitted (short-term) facilities 0.2 252.3 291.0 - Lonmin facility 2,389.0 - - - DRDGOLD facility - 173.3 - - Franco Nevada liability 2.0 2.0 1.9 - Stillwater Convertible Debentures 3.7 3.8 3.6 Borrowings 27,118.1 24,504.7 28,692.3 Current portion of borrowings (5,441.3) (6,188.2) (334.3) Non-current borrowings 21,676.8 18,316.5 28,358.0 Derivative financial instrument (US$ Convertible Bond) Figures in million - SA rand Six months ended Note Jun 2019 Dec 2018 Jun 2018 Balance at the beginning of the period 408.9 311.1 1,093.5 Loss/(gain) on financial instruments 552.7 132.0 (810.1) Gain on derecognition of derivative financial instrument - (50.3) - (Gain)/loss on foreign exchange differences (11.0) 16.1 27.7 Balance at end of the period 950.6 408.9 311.1 11.1 Debt maturity The following are contractually due, undiscounted cash flows resulting from maturities of financial liabilities, excluding interest payments: Figures in million - SA rand Total Within one year Between one and four years Five years and later 30 June 2019 US$600 million RCF 6,316.8 - 6,316.8 - R6.0 billion RCF 3,046.4 3,046.4 - - 2022 and 2025 Notes 9,878.5 - 4,987.2 4,891.3 US$ Convertible Bond 5,414.4 - - 5,414.4 Burnstone Debt 2,508.4 - 104.6 2,403.8 Other borrowings 2,394.9 2,394.9 - - Net debt to adjusted EBITDA Figures in million - SA rand Jun 2019 Dec 2018 Jun 2018 Borrowings 1 26,881.2 23,768.5 27,223.4 Cash and cash equivalents 2 5,970.1 2,499.4 2,066.7 Net debt 3 20,911.1 21,269.1 25,156.7 Adjusted EBITDA 4 (12 months) 6,492.3 8,369.4 9,851.0 Net debt to adjusted EBITDA (ratio) 5 3.2 2.5 2.6 1 Borrowings are only those borrowings that have recourse to Sibanye-Stillwater. Borrowings, therefore, exclude the Burnstone Debt and include the derivative financial instrument 2 Cash and cash equivalents exclude cash of Burnstone 3 Net debt represents borrowings and bank overdraft less cash and cash equivalents. Borrowings are only those borrowings that have recourse to Sibanye-Stillwater and, therefore, exclude the Burnstone Debt and include the derivative financial instrument. Net debt excludes cash of Burnstone 4 The adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) calculation included is based on the definitions included in the facility agreements for compliance with the debt covenant formula, except for impact of new accounting standards and acquisitions, where the facility agreements allow the results from the acquired operations to be annualised. Adjusted EBITDA may not be comparable to similarly titled measures of other companies. Adjusted EBITDA is not a measure of performance under IFRS and should be considered in addition to, and not as a substitute for, other measures of financial performance and liquidity 5 Net debt to adjusted EBITDA ratio is defined as net debt as of the end of a reporting period divided by EBITDA of the 12 months ended on the same reporting date Reconciliation of (loss)/profit before royalties and tax to adjusted EBITDA Figures in million - SA rand Six months ended Jun 2019 Dec 2018 Jun 2018 (Loss)/profit before royalties and tax (2,205.4) (1,491.0) 266.7 Adjusted for: Amortisation and depreciation 2,924.7 3,519.1 3,094.7 Interest income (287.3) (290.8) (191.3) Finance expense 1,571.3 1,750.5 1,384.2 Share-based payments 163.0 164.7 134.7 Loss/(gain) on financial instruments 535.5 (993.9) (710.2) Gain on foreign exchange differences (52.6) (959.0) (210.1) Share of results of equity-accounted investees after tax (255.7) (145.7) (198.5) Change in estimate of environmental rehabilitation obligation, and right of recovery receivable and payable (60.3) (66.6) - Loss/(gain) on disposal of property, plant and equipment 4.9 (28.4) (31.8) Impairments 93.1 2,981.8 59.6 Gain on acquisition (1,092.5) - - Restructuring costs 633.2 48.4 94.4 Transaction costs 97.5 209.5 193.0 Impact of IFRS 16 (50.9) - - Gain on derecognition of borrowings and derivative financial instrument - (230.0) - Occupational healthcare expense - 5.2 10.2 Adjusted EBITDA 2,018.5 4,473.8 3,895.6

Lease liabilities

Lease liabilities	6 Months Ended
	Jun. 30, 2019
Lease liabilities
Lease liabilities	12. Lease liabilities Figures in million - SA rand Six months ended Note Jun 2019 Impact of adopting IFRS 16 on 1 January 2019 302.0 Lease liabilities on acquisition of subsidiaries 133.3 Repayment of lease liabilities (50.9) Interest charge 14.1 Transfers and other movements (5.7) Foreign currency translation (0.1) Balance at end of the period 392.7 Current portion of lease liabilities (104.9) Non-current lease liabilities 287.8

Other payables

Other payables	6 Months Ended
	Jun. 30, 2019
Other payables
Other payables	13. Other payables Figures in million - SA rand Six months ended Jun 2019 Dec 2018 Jun 2018 Deferred Payment (related to Rustenburg operations acquisition) 2,011.8 2,205.9 2,294.8 Contingent consideration related to the SFA (Oxford) acquisition 50.0 - - Right of recovery payable 87.1 83.2 72.5 Dissenting shareholders 1 292.5 287.1 1,450.6 Other payables 2 1,147.1 256.3 219.7 Other payables 3,588.5 2,832.5 4,037.6 Current portion of other payables (669.5) (303.3) (41.9) Non-current other payables 2,919.0 2,529.2 3,995.7 1 Following the closing of the acquisition of Stillwater Mining Company on 4 May 2017, three petitions for appraisal of stock were filed in the Chancery Court for the State of Delaware. The first action, captioned Blue Mountain Credit Alternatives Master Fund L.P. et al. vs. Stillwater Mining Company, Case No. 2017-0385-JTL, was filed 19 May 2017, on behalf of holders of a purported 4,219,523 shares of common stock of the Company. The second action, captioned Brigade Leveraged Capital Structures Fund Ltd. et al. vs. Stillwater Mining Company, Case No. 2017-0389-JTL, was filed 22 May 2017, on behalf of holders of a purported 1,200,000 shares of common stock of the Company. The third action, captioned Hillary Shane Revocable Trust, et al. vs. Stillwater Mining Company, Case No. 2017-0400-JTL, was filed 26 May 2017, on behalf of holders of a purported 384,000 shares of common stock of the Company (the Shane Petitioners). On 29 August 2017, the three actions were consolidated into a single action, captioned In re Appraisal of Stillwater Mining Company, C.A. No. 2017-0385-JTL On 28 March 2018, Stillwater Mining Company entered into a settlement agreement with the Shane Petitioners, providing for a total settlement payment of US$7.0 million. Following settlement of the Shane Petitioners’ claims, the total number of shares of Stillwater Mining Company’s common stock subject to appraisal is approximately 5,419,523. The appraisal action seeks a determination of the fair value of the shares of the common stock of Stillwater Mining Company under Section 262 of the General Corporation Law of the State of Delaware (DGCL). Petitioners seek a judgment awarding them, among other things, the fair value of their shares plus interest. A trial was held in December 2018. The parties completed post-trial briefing on 18 April 2019, and the court held oral argument on 1 May 2019. Accordingly, for accounting purposes only, we have used the merger price of US$18.00 per share in estimating our liability relating to the shares for which appraisal has been demanded, however, fair value may ultimately be determined by the court to be equal to, or different from, the merger price On 21 August 2019, the Court of Chancery of the State of Delaware in the United States of America ruled in favour of the Company in the appraisal action brought by the dissenting shareholders of the Stillwater Mining Company (refer to note 17.2) 2 Other payables include R888.9 million from Lonmin relating to the finance metal streaming arrangement and Pandora acquisition contingent consideration

Deferred revenue

Deferred revenue	6 Months Ended
	Jun. 30, 2019
Deferred revenue
Deferred revenue	14. Deferred revenue In July 2018, Sibanye-Stillwater entered into a gold and palladium supply arrangement in exchange for an upfront advance payment of US$500 million. The arrangement has been accounted for as a contract in the scope of IFRS 15 whereby the advance payment has been recorded as deferred revenue. The revenue from the advance payment is being recognised as the gold and palladium is allocated to the appropriate Wheaton International account. An interest cost, representing the significant financing component of the upfront deposit on the deferred revenue balance, is also being recognised as part of finance costs. This finance cost increases the deferred revenue balance, ultimately resulting in revenue when the deferred revenue is recognised over the life of mine. On 11 April 2019, Sibanye-Stillwater concluded a forward gold sale arrangement where the Group received a cash prepayment of US$125 million (approximately R1.75 billion) in exchange for the future delivery of 105,906 ounces (3,294 kilograms) of gold in 4 equal parts on 1 October 2019, 15 October 2019, 31 October 2019 and 15 November 2019, subject to a floor price of US$1,200/oz and a cap price of US$1,323/oz (gold prepayment). The revenue from the prepayment will be recognised in four equal parts of R437.8 million when the gold is delivered. The prepayment represents a payment of the floor price of US$1,200/oz. If the spot price on delivery of the gold ounces exceeds US$1,200/oz, capped to US$1,323/oz, Sibanye-Stillwater will receive the difference between the spot price and US$1,200/oz, which also will be recognised in revenue when the gold is delivered. At 30 June 2019, the forward gold sale contracts financial liability was US$5.5 million (R78.3 million). The following table summarises the changes in deferred revenue: Figures in million - SA rand Six months ended Note Jun 2019 Dec 2018 Jun 2018 Balance at the beginning of the year 6,555.4 - - Deferred revenue recognised during the period (213.4) (160.3) - Interest charge 149.4 160.3 - Deferred revenue advance received 1,751.3 6,555.4 - Balance at end of the period 8,242.7 6,555.4 - Current portion of deferred revenue (2,145.8) (30.1) - Non-current portion of deferred revenue 6,096.9 6,525.3 -

Fair value of financial assets

Fair value of financial assets and financial liabilities and risk management	6 Months Ended
	Jun. 30, 2019
FINANCIAL INSTRUMENTS AND RISK MANAGEMENT
Fair value of financial assets and financial liabilities and risk management	15. Fair value of financial assets and financial liabilities, and risk management 15.1 The fair value of financial instruments is estimated based on ruling market prices, volatilities and interest rates at 30 June 2019. The following table sets out the Group’s significant financial instruments measured at fair value by level within the fair value hierarchy: Figures in million - SA rand Jun 2019 Dec 2018 Jun 2018 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Level 1 Level 2 Financial assets measured at fair value - Environmental rehabilitation obligation funds 3,548.1 854.2 - 3,634.0 364.7 - 3,187.6 374.8 - Trade receivables - PGM sales 3,217.8 - - 5,310.1 - - 4,688.4 - - Rand gold forward sale contracts - - - - - - - 4.1 - Other investments 72.3 - 326.3 81.5 - 74.5 - - Financial liabilities measured at fair value - Derivative financial instrument 1 - 950.6 - - 408.8 - - 311.1 - Rand gold forward sale contracts - 164.0 - - 240.8 - - 134.8 1 The derivative financial instrument is recognised at fair value and valued using option pricing methodologies based on observable quoted inputs 15.2 Liquidity risk: working capital and going concern assessment For the six months ended 30 June 2019, the Group realised a loss of R181.2 million (30 June 2018: profit of R78.3 million). As of 30 June 2019, the Group’s current assets exceeded its current liabilities by R5,363.7 million (31 December 2018: R562.7 million) and the Group’s total assets exceeded its total liabilities by R30,265.4 million (31 December 2018: R24,724.4 million). For the six months ended 30 June 2019, the Group generated cash from operating activities of R1,327.2 million (30 June 2018: R2,333.8 million). Gold and PGMs are sold in US dollars with the majority of the South African operating costs incurred in rand, the Group’s results and financial condition may be impacted if there is a material change in the rand/US dollar exchange rate. Due to the nature of deep level mining, industrial accidents and mining accidents may result in operational disruptions such as stoppages which could result in increased production costs as well as financial and regulatory liabilities. Further, Sibanye-Stillwater’s operations and profits have been and may be adversely affected by labour unrests and union activity. These factors may have an impact on cash generated or utilised by the Group, as well as adjusted EBITDA and financial covenants. As at 30 June 2019 the Group had committed undrawn debt facilities of R5,097 million (31 December 2018: R5,987 million) and cash balances of R6,000.4 million (31 December 2018: R2,549.1 million). In order to maintain adequate liquidity, the refinancing of the R6,000 million RCF, maturing on 15 November 2019, has been initiated and is expected to be successfully completed during September 2019. All other debt financing facilities mature after April 2022. Sibanye-Stillwater’s leverage ratio (net debt to adjusted EBITDA) as at 30 June 2019 was 3.2:1 and its interest coverage ratio (adjusted EBITDA to net finance charges) was 4.7:1 (31 December 2018: 2.5:1 and 4.9:1). This is within the maximum permitted leverage ratio of at most 3.5:1 through to 31 December 2019, and 2.5:1 thereafter; and minimum required interest coverage ratio of 4.0:1, calculated on a quarterly basis, required under the US$600 million RCF and the R6.0 billion RCF (together RCFs). Whilst not ultimately utilised the RCF lenders approved additional temporary covenant uplifts for the periods ending 31 March 2019 and 30 June 2019, in order to ensure the Group retained adequate covenant headroom whilst navigating the accumulated impacts of the abnormal events detailed below. With effect from 1 January 2019, in line with our mine-to-market strategy for the PGM operations, the offtake contract between the Rustenburg operations and Anglo American Platinum Limited (Anglo American Platinum) changed from a Sale and Purchase of Concentrate agreement to a Tolling agreement. Anglo American Platinum no longer purchases concentrate from the Rustenburg operations on delivery of the concentrate, but rather returns the refined 4E metals to the Rustenburg operations approximately four months after delivery of the concentrate allowing Sibanye-Stillwater to sell the refined metals in the market. The impact on cash flows has not been material, as Anglo American Platinum has continued to pay for the concentrate delivered in Q4 2018 during Q1 2019. The change however resulted in no adjusted EBITDA for the 4E metals produced by the Rustenburg operations during the first four months of 2019. This will, until the impact is no longer included in the 12 month trailing adjusted EBITDA calculation, continue to have a negative impact on future covenant ratio calculations. On 17 April 2019, AMCU, one of Sibanye-Stillwater’s labour unions, ended its five month strike action at the gold operations, excluding DRDGOLD, with the business unit reporting a R3,114 million negative EBITDA for the six months to 30 June 2019. This strike action, and the ensuing return to normalised safe production post its conclusion, have resulted in adjusted EBITDA and cash flow losses. The return to planned production levels is expected during Q3 2019 and the gold operations may continue to incur losses until planned operational performance is achieved. The strike impact may therefore continue to have a negative impact on future adjusted EBITDA; reported covenant ratios and cash flows, and until the strike impact is excluded from the 12 month trailing adjusted EBITDA calculation. Shortly before the conclusion of the gold operations strike, Sibanye-Stillwater effected an issue of 108,932,356 new ordinary no par value shares for cash under its general authority for an amount of R1.7 billion to institutional investors on 15 April 2019, and on 11 April 2019 executed a US$125 million gold prepayment arrangement (refer to note 14) to enhance liquidity and balance sheet flexibility. These funds were applied towards repayment of drawdowns previously made under the RCFs, increasing available undrawn facilities. With the Lonmin acquisition effective from 7June 2019 (refer to note 7.1), the Group restructured the Lonmin group entities funding arrangements to minimise financing costs. The Lonmin Pangaea Investments Management Limited (PIM) prepayment arrangement (refer to note 7) was fully settled by cash on hand and available within the Lonmin group on 5 July 2019. Future restructuring and integration costs, as well as the Lonmin entities operational funding and liquidity requirements, will be managed within the Group’s funding and liquidity arrangements going forward. The acquired operations may incur losses until planned operational performance is achieved which may have a negative impact on future adjusted EBITDA and cash flows. The SA PGM operations’ three yearly wage negotiations began during July 2019 and are yet to be concluded. The Group has contingency plans in place to mitigate the impact of any related strike action, but extended strike action could impact negatively on future adjusted EBITDA and cash flows. Whilst it is possible, given the scale and size of the businesses, that the daily impact of the strike could potentially be similar to the recent strike in the gold operations, should refining and processing be unaffected by a strike, metals in the refining pipeline would continue to be available for sale for a period of over three months potentially mitigating any initial or short term strike impacts significantly. Notwithstanding the above events, the Group’s improved geographical and commodity diversification, along with improved commodity price outlook, a larger capital base, and increased operational scale have enabled management to successfully navigate the simultaneous impact of these abnormal events positioning the Group for a rapid return to its targeted leverage ratio of 1:1 by December 2020, as the impacts of the above events are diluted and trailing 12 month adjusted EBITDA returns to a more normalised level. If required the Group could increase operational flexibility by adjusting mine plans, reducing capital expenditure and/or selling assets. The Group may also, if necessary, consider options to increase funding flexibility which may include, among others, streaming facilities, prepayment facilities or, in the event that other options are not deemed preferable or achievable by the Board, an equity capital raise. The Group could also, with lender approval, request covenant amendments or restructure facilities if required. This gives management the operational and financing flexibility to continue to manage the operations and capital structure to ensure adequate liquidity and compliance with debt covenants. The directors believe that the cash generated by its operations, cash on hand, the committed unutilised debt facilities as well as additional funding opportunities will enable the Group to continue to meet its obligations as they fall due. The unaudited condensed consolidated interim financial statements for the period ended 30 June 2019 have therefore been prepared on a going concern basis.

Contingent liabilities

Contingent liabilities	6 Months Ended
	Jun. 30, 2019
Contingent liabilities
Contingent liabilities	16. Contingent liabilities Purported Class Action Lawsuits In 2018, two groups of plaintiffs filed purported class action lawsuits, subsequently consolidated into a single action (Class Action), against Sibanye Gold Limited (Sibanye-Stillwater) and Neal Froneman (collectively, the Defendants) in the United States District Court for the Eastern District of New York, alleging violations of the US securities laws. Specifically, the Class Action alleges that the Defendants made false and/or misleading statements about its safety practices and record and thereby violated the US securities laws. The Class Action seeks an unspecific amount of damages. The Defendants will be filing a motion to dismiss the Class Action, and briefing is scheduled to be completed by 30 September 2019. As the case is still in the early stages, it is not possible to determine the likelihood of success on the merits or any potential liability from the Class Action nor estimate the duration of the litigation. Sibanye-Stillwater intends to defend the case vigorously.

Events after the reporting peri

Events after the reporting period	6 Months Ended
	Jun. 30, 2019
Events after the reporting period
Events after the reporting period	17. Events after the reporting period There were no events that could have a material impact on the financial results of the Group after 30 June 2019, other than those discussed below. 17.1 On 26 July 2019 the Gauteng High Court in Johannesburg approved the R5 billion settlement agreement in the silicosis class case. The class action settlement agreement is between the Occupational Lung Disease Working Group companies (comprising African Rainbow Minerals, Anglo American SA, AngloGold Ashanti, Gold Fields, Harmony and Sibanye-Stillwater) and the settlement classes’ representatives as well as the settlement classes’ attorneys. This settlement agreement provides compensation to all eligible workers suffering from silicosis and/or tuberculosis who worked in the Occupational Lung Disease Working Group companies’ mines from 12 March 1965 to the date of the settlement agreement. Sibanye-Stillwater has provided R1,331.4 million for its share of the settlement cost. 17.2 On 21 August 2019, the Court of Chancery of the State of Delaware in the United States of America ruled in favour of the Company in the appraisal action brought by the dissenting shareholders of the Stillwater Mining Company, following the acquisition of Stillwater Mining Company by the Company in May 2017 for a cash consideration of US$18 per Stillwater Mining Company share. In terms of the ruling, the dissenting shareholders (together owning an approximate 4.5% shareholding in Stillwater Mining Company at the time) will receive the same US$18 per share consideration originally offered to, and accepted by other Stillwater Mining Company shareholders plus interest. The remaining payment of US$21 million due to the dissenting shareholders has been fully provided for by Sibanye-Stillwater and therefore no adjustment to the provision is required. The court proceedings are thus concluded, subject to any further proceedings required in the trial court to finalise a judgement and any appeals that may be lodged.

Segment reporting

Segment reporting	6 Months Ended
	Jun. 30, 2019
Segment reporting
Segment reporting	Segment reporting Figures in million For the six months ended 30 Jun 2019 GROUP US OPERA- TIONS SA OPERATIONS GROUP SA rand Total Stillwater Total SA Opera-tions Total SA PGM Rusten- Mari-kana 1 Kroondal Platinum Mimosa Cor- porate 2 Total SA gold Drie- Kloof Beatrix Cooke DRD- Cor- porate 2 Cor- 2 Revenue 23,534.9 11,323.4 12,257.3 6,239.0 2,448.8 1,369.2 2,272.2 148.8 1,111.5 (1,111.5) 6,018.3 296.9 2,708.0 1,049.4 376.6 1,509.6 77.8 (45.8) Underground 14,427.3 5,214.4 9,258.7 5,943.0 2,301.6 1,369.2 2,272.2 - 1,111.5 (1,111.5) 3,315.7 295.2 2,063.3 870.0 9.4 - 77.8 (45.8) Surface 2,998.6 - 2,998.6 296.0 147.2 - 148.8 - - 2,702.6 1.7 644.7 179.4 367.2 1,509.6 - - Recycling 6,109.0 6,109.0 - - - - - - - - - - - - - - - Cost of sales, before amortisation and depreciation (20,662.1) (8,332.7) (12,329.4) (4,117.1) (1,334.3) (1,220.2) (1,458.7) (103.9) (686.6) 686.6 (8,212.3) (1,864.4) (3,128.6) (1,646.8) (280.2) (1,292.3) - - Underground (12,188.9) (2,528.6) (9,660.3) (3,748.9) (1,070.0) (1,220.2) (1,458.7) - (686.6) 686.6 (5,911.4) (1,851.2) (2,532.3) (1,518.8) (9.1) - - - Surface (2,669.1) - (2,669.1) (368.2) (264.3) - - (103.9) - - (2,300.9) (13.2) (596.3) (128.0) (271.1) (1,292.3) - - Recycling (5,804.1) (5,804.1) - - - - - - - - - - - - - - - - Net other cash costs 3 (803.4) (31.6) (771.8) (61.0) (44.7) 39.4 (42.0) (12.9) (8.0) 7.2 (710.8) (141.0) (108.9) (133.0) (267.4) (7.3) (53.2) - Adjusted EBITDA 2,069.4 2,959.1 (843.9) 2,060.9 1,069.8 188.4 771.5 32.0 416.9 (417.7) (2,904.8) (1,708.5) (529.5) (730.4) (171.0) 210.0 24.6 (45.8) Amortisation and depreciation (2,924.7) (1,092.3) (1,832.4) (717.4) (442.0) (22.2) (248.6) (2.3) (98.9) 96.6 (1,115.0) (215.5) (564.9) (209.1) (7.5) (87.9) (30.1) - Interest income 287.3 58.3 229.0 117.4 41.7 44.2 30.6 0.1 0.8 - 111.6 20.9 21.6 7.5 20.8 30.1 10.7 - Finance expense (1,571.3) (779.2) (642.7) (268.1) (704.5) (58.8) (73.0) - (11.5) 579.7 (374.6) (139.2) (138.9) (83.5) (36.8) (41.8) 65.6 (149.4) Share-based payments (163.0) (22.8) (140.2) - - - - - - - (140.2) - - - - (18.2) (122.0) - Net other 4 (166.9) 0.4 (167.3) (7.5) (4.1) (90.5) (4.3) 0.4 (94.2) 185.2 (159.8) 10.8 11.5 6.9 (31.9) 70.8 (227.9) - Non-underlying items 5 263.8 (43.1) 306.9 820.8 1.1 820.9 (0.1) - (18.9) 17.8 (513.9) (192.2) (41.3) (123.4) (2.1) 4.1 (159.0) - Royalties (117.3) - (117.3) (93.6) (83.1) (7.3) (3.2) - (37.7) 37.7 (23.7) (1.9) (14.1) (5.7) (2.0) - - - Current taxation (656.3) (191.3) (465.0) (293.8) (155.9) (38.2) (99.4) - (47.2) 46.9 (171.2) - - - - 4.8 (176.0) - Deferred taxation 2,797.8 1,548.0 1,249.8 (37.1) 5.4 0.2 (36.9) (8.5) (1.3) 4.0 1,286.9 467.2 313.6 249.6 - (20.5) 277.0 - Loss for the period (181.2) 2,437.1 (2,423.1) 1,581.6 (271.6) 836.7 336.6 21.7 108.0 550.2 (4,004.7) (1,758.4) (942.0) (888.1) (230.5) 151.4 (337.1) (195.2) Attributable to: Owners of Sibanye-Stillwater (265.2) 2,437.1 (2,507.1) 1,592.0 (271.6) 848.9 336.6 19.9 108.0 550.2 (4,099.1) (1,758.4) (942.0) (888.1) (230.5) 57.6 (337.7) (195.2) Non-controlling interests 84.0 - 84.0 (10.4) - (12.2) - 1.8 - - 94.4 - - - - 93.8 0.6 - Sustaining capital expenditure (451.3) (66.2) (385.1) (307.8) (128.1) (95.4) (76.5) (7.8) (165.6) 165.6 (77.3) (18.5) (27.7) (21.0) - (10.1) - - Ore reserve development (1,110.8) (586.1) (524.7) (250.8) (250.8) - - - - (273.9) (81.4) (148.8) (43.7) - - - - Growth projects (1,021.1) (942.2) (78.9) (3.9) - (0.7) - (3.2) - - (75.0) - (29.0) (0.7) - (28.1) (17.2) - Total capital expenditure (2,583.2) (1,594.5) (988.7) (562.5) (378.9) (96.1) (76.5) (11.0) (165.6) 165.6 (426.2) (99.9) (205.5) (65.4) - (38.2) (17.2) - For the six months ended 30 Jun 2019 GROUP US OPERA- TIONS SA OPERATIONS GROUP US dollars 6 Total Stillwater Total SA Opera-tions Total SA PGM Rusten- Mari-kana 1 Kroondal Platinum Mimosa Cor- porate 2 Total SA gold Drie- Kloof Beatrix Cooke DRD- Cor- porate 2 Cor- 2 Revenue 1,657.4 797.4 863.2 439.4 172.5 96.4 160.0 10.5 78.3 (78.3) 423.8 20.9 190.7 73.9 26.6 106.3 5.4 (3.2) Underground 1,016.0 367.2 652.0 418.5 162.1 96.4 160.0 - 78.3 (78.3) 233.5 20.8 145.3 61.3 0.7 - 5.4 (3.2) Surface 211.2 - 211.2 20.9 10.4 - - 10.5 - - 190.3 0.1 45.4 12.6 25.9 106.3 - - Recycling 430.2 430.2 - - - - - - - - - - - - - - - - Cost of sales, before amortisation and depreciation (1,455.1) (586.8) (868.3) (289.9) (94.0) (85.9) (102.7) (7.3) (48.4) 48.4 (578.4) (131.3) (220.4) (116.0) (19.7) (91.0) - - Underground (858.5) (178.1) (680.4) (264.0) (75.4) (85.9) (102.7) - (48.4) 48.4 (416.4) (130.4) (178.4) (107.0) (0.6) - - - Surface (187.9) - (187.9) (25.9) (18.6) - - (7.3) - - (162.0) (0.9) (42.0) (9.0) (19.1) (91.0) - - Recycling (408.7) (408.7) - - - - - - - - - - - - - - - - Net other cash costs (56.5) (2.2) (54.3) (4.3) (3.2) 2.8 (3.0) (0.9) (0.5) 0.5 (50.0) (9.9) (7.6) (9.3) (18.9) (0.5) (3.8) - Adjusted EBITDA 145.8 208.4 (59.4) 145.2 75.3 13.3 54.3 2.3 29.4 (29.4) (204.6) (120.3) (37.3) (51.4) (12.0) 14.8 1.6 (3.2) Amortisation and depreciation (206.0) (76.9) (129.1) (50.6) (31.1) (1.6) (17.5) (0.2) (7.0) 6.8 (78.5) (15.2) (39.8) (14.7) (0.5) (6.2) (2.1) - Interest income 20.2 4.1 16.1 8.3 2.9 3.1 2.2 - 0.1 - 7.8 1.5 1.5 0.5 1.5 2.1 0.7 - Finance expense (110.7) (54.9) (45.3) (18.8) (49.6) (4.1) (5.1) - (0.8) 40.8 (26.5) (9.8) (9.8) (5.9) (2.6) (2.9) 4.5 (10.5) Share-based payments (11.5) (1.6) (9.9) - - - - - - - (9.9) - - - - (1.3) (8.6) - Net other (11.8) - (11.8) (0.6) (0.3) (6.4) (0.3) - (6.6) 13.0 (11.2) 0.8 0.8 0.5 (2.2) 5.0 (16.1) - Non-underlying items 18.5 (3.0) 21.5 57.9 0.1 57.8 - - (1.3) 1.3 (36.4) (13.5) (2.9) (8.7) (0.1) 0.3 (11.5) - Royalties (8.3) - (8.3) (6.6) (5.9) (0.5) (0.2) - (2.7) 2.7 (1.7) (0.1) (1.0) (0.4) (0.2) - - - Current taxation (46.2) (13.5) (32.7) (20.7) (11.0) (2.7) (7.0) - (3.3) 3.3 (12.0) - - - - 0.3 (12.3) - Deferred taxation 197.0 109.0 88.0 (2.6) 0.4 - (2.6) (0.6) (0.1) 0.3 90.6 32.9 22.1 17.6 - (1.4) 19.4 - Loss for the period (13.0) 171.6 (170.9) 111.5 (19.2) 58.9 23.8 1.5 7.7 38.8 (282.4) (123.7) (66.4) (62.5) (16.1) 10.7 (24.4) (13.7) Attributable to: - Owners of Sibanye-Stillwater (18.9) 171.6 (176.8) 112.3 (19.2) 59.8 23.8 1.4 7.7 38.8 (289.1) (123.7) (66.4) (62.5) (16.1) 4.0 (24.4) (13.7) Non-controlling interests 5.9 - 5.9 (0.8) - (0.9) - 0.1 - - 6.7 - - - - 6.7 - - Sustaining capital expenditure (31.8) (4.7) (27.1) (21.6) (9.0) (6.7) (5.4) (0.5) (11.7) 11.7 (5.5) (1.3) (2.0) (1.5) - (0.7) - - Ore reserve development (78.5) (41.3) (37.2) (17.7) (17.7) - - - - - (19.5) (5.8) (10.6) (3.1) - - - - Growth projects (71.8) (66.4) (5.4) (0.2) - - - (0.2) - - (5.2) - (2.0) - - (2.0) (1.2) - Total capital expenditure (182.1) (112.4) (69.7) (39.5) (26.7) (6.7) (5.4) (0.7) (11.7) 11.7 (30.2) (7.1) (14.6) (4.6) - (2.7) (1.2) - 1 The SA PGM operations’ results for the six months ended 30 June 2019 include the Marikana operations for one month since acquisition (refer to note 7.1) 2 Corporate and reconciling items represent the items to reconcile segment data to consolidated financial statement totals. This does not represent a separate segment as it does not generate mining revenue 3 Net other cash costs consist of care and maintenance and other costs as detailed in profit or loss 4 Net other consists of gain on financial instruments, gain on foreign exchange differences, and change in estimate of environmental rehabilitation obligation, and right of recovery receivable and payable as detailed in profit or loss. Corporate and reconciling items net other includes the share of results equity-accounted investees after tax as detailed in profit or loss 5 Non-underlying items consists of gain on disposal of property, plant and equipment, impairments, gain on acquisition, restructuring costs and transaction costs as detailed in profit or loss 6 The average exchange rate for the six months ended 30 June 2019 was R14.20/US$ Figures are in millions For the six months ended 31 Dec 2018 GROUP US OPERA- TIONS SA OPERATIONS GROUP SA rand Total Stillwater Total SA Operations Total SA PGM Rusten- burg Kroondal Platinum Mile Mimosa Cor- porate 1 Total SA gold 2 Drie- Kloof Beatrix Cooke DRD- Cor- porate 1 Cor- porate 1 Revenue 26,746.4 8,431.7 18,341.4 8,364.9 6,167.4 2,085.3 112.2 940.8 (940.8) 9,976.5 2,093.8 4,010.1 2,295.8 549.9 1,047.5 (20.6) (26.7) Underground 20,320.7 4,898.6 15,448.8 7,812.7 5,727.4 2,085.3 - 940.8 (940.8) 7,636.1 1,994.7 3,403.4 2,216.6 42.0 - (20.6) (26.7) Surface 2,892.6 - 2,892.6 552.2 440.0 - 112.2 - - 2,340.4 99.1 606.7 79.2 507.9 1,047.5 - - Recycling 3,533.1 3,533.1 - - - - - - - - - - - - - - - Cost of sales, before amortisation and depreciation (21,872.8) (6,167.3) (15,705.5) (6,379.9) (4,807.2) (1,483.7) (89.0) (651.8) 651.8 (9,325.6) (2,731.9) (3,199.2) (1,945.0) (429.5) (1,020.0) - - Underground (15,891.6) (2,757.7) (13,133.9) (5,866.2) (4,382.5) (1,483.7) - (651.8) 651.8 (7,267.7) (2,654.4) (2,698.3) (1,905.7) (9.3) - - - Surface (2,571.6) - (2,571.6) (513.7) (424.7) - (89.0) - - (2,057.9) (77.5) (500.9) (39.3) (420.2) (1,020.0) - - Recycling (3,409.6) (3,409.6) - - - - - - - - - - - - - - - Net other cash costs 3 (399.8) 0.1 (399.9) (104.3) (71.4) (31.7) (0.7) - (0.5) (295.6) (26.3) (24.7) (27.2) (299.4) 8.7 73.3 - Adjusted EBITDA 4,473.8 2,264.5 2,236.0 1,880.7 1,288.8 569.9 22.5 289.0 (289.5) 355.3 (664.4) 786.2 323.6 (179.0) 36.2 52.7 (26.7) Amortisation and depreciation (3,519.1) (1,209.6) (2,309.5) (573.0) (379.1) (190.2) (1.7) (101.1) 99.1 (1,736.5) (614.1) (719.0) (330.5) (2.7) (57.9) (12.3) - Interest income 290.8 45.9 244.9 46.9 12.7 33.2 - - 1.0 198.0 48.8 39.9 26.5 25.5 26.1 31.2 - Finance expense (1,750.5) (1,011.1) (579.1) (211.4) (1,742.6) (67.5) - (8.2) 1,606.9 (367.7) (117.1) (122.8) (73.0) (41.0) (33.0) 19.2 (160.3) Share-based payments (164.7) (19.1) (145.6) - - - - - - (145.6) - - - - (3.2) (142.4) - Net other 4 2,165.2 (1.2) 2,166.4 640.0 4,403.8 109.9 0.7 (7.5) (3,866.9) 1,526.4 (326.4) (74.7) (40.9) (70.4) (419.1) 2,457.9 - Non-underlying items 5 (2,986.5) (33.2) (2,953.3) (9.2) (9.4) 0.2 - - - (2,944.1) (2,159.5) 15.3 (160.2) (16.9) (4.6) (618.2) - Royalties (108.9) - (108.9) (141.1) (138.0) (3.1) - (28.7) 28.7 32.2 16.5 19.4 (0.9) (2.7) - (0.1) - Current taxation 58.9 238.1 (179.2) (250.7) (249.9) - - (49.9) 49.1 71.5 - (101.2) 1.6 - (3.0) 174.1 - Deferred taxation (1,058.0) (1,838.9) 780.9 (115.1) 37.0 (148.5) (4.1) (18.8) 19.3 896.0 736.3 291.4 110.2 - (132.0) (109.9) - Profit for the period (2,599.0) (1,564.6) (847.4) 1,267.1 3,223.3 303.9 17.4 74.8 (2,352.3) (2,114.5) (3,079.9) 134.5 (143.6) (287.2) (590.5) 1,852.2 (187.0) Attributable to: Owners of Sibanye-Stillwater (2,576.3) (1,564.6) (824.7) 1,265.7 3,223.3 303.9 16.0 74.8 (2,352.3) (2,090.4) (3,079.9) 134.5 (143.6) (287.2) (565.8) 1,851.6 (187.0) Non-controlling interests (22.7) - (22.7) 1.4 - - 1.4 - - (24.1) - - - - (24.7) 0.6 - Sustaining capital expenditure (832.6) (149.5) (683.1) (320.9) (224.7) (91.5) (4.7) (105.2) 105.2 (362.2) (144.0) (145.2) (58.4) - (14.5) (0.1) - Ore reserve development (1,833.8) (559.3) (1,274.5) (251.2) (251.2) - - - - (1,023.3) (398.0) (441.7) (183.6) - - - - Growth projects (1,361.9) (906.3) (455.6) (23.7) - - (23.7) - - (431.9) (0.1) (69.1) (1.4) - (303.3) (58.0) - Total capital expenditure (4,028.3) (1,615.1) (2,413.2) (595.8) (475.9) (91.5) (28.4) (105.2) 105.2 (1,817.4) (542.1) (656.0) (243.4) - (317.8) (58.1) - For the six months ended 31 Dec 2018 GROUP US OPERA- TIONS SA OPERATIONS GROUP US dollars 6 Total Stillwater Total SA Operations Total SA PGM Rusten- burg Kroondal Platinum Mile Mimosa Cor- porate 1 Total SA gold 2 Drie- Kloof Beatrix Cooke DRD- Cor- porate 1 Cor- porate 1 Revenue 1,883.7 594.3 1,291.4 593.1 436.2 148.9 8.0 65.8 (65.8) 698.3 140.8 279.4 160.2 39.9 79.1 (1.1) (2.0) Underground 1,430.5 349.8 1,082.7 554.5 405.6 148.9 - 65.8 (65.8) 528.2 134.7 236.9 154.5 3.2 - (1.1) (2.0) Surface 208.7 - 208.7 38.6 30.6 - 8.0 - - 170.1 6.1 42.5 5.7 36.7 79.1 - - Recycling 244.5 244.5 - - - - - - - - - - - - - - - Cost of sales, before amortisation and depreciation (1,540.0) (434.1) (1,105.9) (449.1) (337.9) (104.9) (6.3) (45.9) 45.9 (656.8) (189.5) (223.5) (135.7) (31.0) (77.1) - - Underground (1,118.4) (198.2) (920.2) (413.0) (308.1) (104.9) - (45.9) 45.9 (507.2) (185.0) (188.6) (132.9) (0.7) - - - Surface (185.7) - (185.7) (36.1) (29.8) - (6.3) - - (149.6) (4.5) (34.9) (2.8) (30.3) (77.1) - - Recycling (235.9) (235.9) - - - - - - - - - - - - - - - Net other cash costs 3 (28.1) 0.1 (28.2) (7.7) (5.3) (2.3) (0.1) 0.1 (0.1) (20.5) (1.6) (1.8) (2.0) (21.0) 0.7 5.2 - Adjusted EBITDA 315.6 160.3 157.3 136.3 93.0 41.7 1.6 20.0 (20.0) 21.0 (50.3) 54.1 22.5 (12.1) 2.7 4.1 (2.0) Amortisation and depreciation (248.1) (85.6) (162.5) (40.5) (26.9) (13.4) (0.1) (7.1) 7.0 (122.0) (43.0) (50.5) (23.2) (0.2) (4.4) (0.7) - Interest income 20.9 3.3 17.6 3.4 0.9 2.4 - - 0.1 14.2 3.4 2.8 1.9 1.8 2.0 2.3 - Finance expense (124.4) (71.8) (40.5) (14.9) (130.8) (4.8) - (0.6) 121.3 (25.6) (8.1) (8.6) (5.1) (2.9) (2.5) 1.6 (12.1) Share-based payments (11.7) (1.4) (10.3) - - - - - - (10.3) - - - - (0.2) (10.1) - Net other 4 157.1 (0.5) 157.6 47.8 332.9 8.1 0.1 (0.6) (292.7) 109.8 (24.4) (5.4) (3.0) (5.1) (31.7) 179.4 - Non-underlying items 5 (223.8) (1.5) (222.3) (0.6) (0.6) - - - - (221.7) (163.2) 1.1 (12.1) (1.1) (0.3) (46.1) - Royalties (7.7) - (7.7) (10.5) (10.3) (0.2) - (2.1) 2.1 2.8 1.3 1.7 - (0.2) - - - Current taxation 5.3 18.0 (12.7) (18.9) (18.8) - - (3.5) 3.4 6.2 (0.4) (7.8) 0.1 - (0.2) 14.5 - Deferred taxation (80.3) (139.1) 58.8 (8.3) 3.1 (11.1) (0.3) (1.4) 1.4 67.1 54.5 21.8 8.3 - (10.0) (7.5) - Profit for the period (197.1) (118.3) (64.7) 93.8 242.5 22.7 1.3 4.7 (177.4) (158.5) (230.2) 9.2 (10.6) (19.8) (44.6) 137.5 (14.1) Attributable to: Owners of Sibanye-Stillwater (195.4) (118.3) (63.0) 93.7 242.5 22.7 1.2 4.7 (177.4) (156.7) (230.2) 9.2 (10.6) (19.8) (42.7) 137.4 (14.1) Non-controlling interests (1.7) - (1.7) 0.1 - - 0.1 - - (1.8) - - - - (1.9) 0.1 - Sustaining capital expenditure (60.4) (10.7) (49.7) (23.4) (16.5) (6.6) (0.3) (7.6) 7.6 (26.3) (10.4) (10.6) (4.2) - (1.1) - - Ore reserve development (128.7) (39.7) (89.0) (17.7) (17.7) - - - - (71.3) (27.6) (31.0) (12.7) - - - - Growth projects (97.6) (64.7) (32.9) (1.6) - - (1.6) - - (31.3) - (4.8) (0.1) - (22.9) (3.5) - Total capital expenditure (286.7) (115.1) (171.6) (42.7) (34.2) (6.6) (1.9) (7.6) 7.6 (128.9) (38.0) (46.4) (17.0) - (24.0) (3.5) - 1 Corporate and reconciling items represent the items to reconcile segment data to consolidated financial statement totals. This does not represent a separate segment as it does not generate mining revenue 2 The SA gold operations’ results for the six months ended 31 December 2018 include DRDGOLD for the five months since acquisition 3 Net other cash costs consist of care and maintenance and other costs as detailed in profit or loss 4 Net other consists of gain on financial instruments, gain on foreign exchange differences, and change in estimate of environmental rehabilitation obligation, and right of recovery receivable and payable as detailed in profit or loss. Corporate and reconciling items net other includes the share of results equity-accounted investees after tax as detailed in profit or loss. Driefontein, Kloof, DRDGOLD and SA gold corporate and reconciling items net other includes the gain and loss on exchange of Far West Gold Recoveries, which are eliminated 5 Non-underlying items consists of gain on disposal of property, plant and equipment, impairments, gain on derecognition of borrowings and derivative financial instrument, occupational healthcare expense, restructuring costs and transaction costs as detailed in profit or loss 6 The average exchange rate for the six months ended 31 December 2018 was R14.18/US$ Figures are in millions For the six months ended 30 Jun 2018 GROUP US OPERA- TIONS SA OPERATIONS SA rand Total Stillwater Total SA Operations Total SA PGM Rusten- burg Kroondal Platinum Mile Mimosa Cor- porate 1 Total SA gold Drie- Kloof Beatrix Cooke Cor- 1 Revenue 23,910.0 7,441.1 16,468.9 6,788.7 5,205.1 1,499.1 84.5 916.7 (916.7) 9,680.2 3,017.4 4,121.6 2,305.5 291.9 (56.2) Underground 18,285.0 3,531.5 14,753.5 6,232.4 4,733.3 1,499.1 - 916.7 (916.7) 8,521.1 2,787.7 3,534.5 2,251.2 3.9 (56.2) Surface 1,715.4 - 1,715.4 556.3 471.8 - 84.5 - - 1,159.1 229.7 587.1 54.3 288.0 - Recycling 3,909.6 3,909.6 - - - - - - - - - - - - - Cost of sales, before amortisation and depreciation (19,642.4) (5,553.6) (14,088.8) (5,716.1) (4,396.7) (1,255.7) (63.7) (583.9) 583.9 (8,372.7) (2,977.4) (3,165.6) (1,965.8) (263.9) - Underground (14,357.1) (1,766.7) (12,590.4) (5,265.2) (4,009.5) (1,255.7) - (583.9) 583.9 (7,325.2) (2,732.3) (2,653.9) (1,935.3) (3.7) - Surface (1,498.4) - (1,498.4) (450.9) (387.2) - (63.7) - - (1,047.5) (245.1) (511.7) (30.5) (260.2) - Recycling (3,786.9) (3,786.9) - - - - - - - - - - - - - Net other cash costs 2 (372.0) (0.1) (371.9) (71.5) (49.7) (21.0) (0.5) (6.7) 6.4 (300.4) (23.9) (20.1) (10.0) (274.0) 27.6 Adjusted EBITDA 3,895.6 1,887.4 2,008.2 1,001.1 758.7 222.4 20.3 326.1 (326.4) 1,007.1 16.1 935.9 329.7 (246.0) (28.6) Amortisation and depreciation (3,094.7) (1,024.8) (2,069.9) (501.4) (318.0) (180.2) (1.3) (90.5) 88.6 (1,568.5) (586.8) (659.8) (304.8) (3.0) (14.1) Interest income 191.3 37.3 154.0 36.6 7.5 27.1 1.3 0.1 0.6 117.4 45.5 32.1 13.5 16.2 10.1 Finance expense (1,384.2) (786.0) (598.2) (211.0) (148.0) (63.0) - (4.8) 4.8 (387.2) (117.8) (123.1) (70.6) (37.1) (38.6) Share-based payments (134.7) (16.6) (118.1) - - - - - - (118.1) (0.2) - - - (117.9) Net other 3 1,118.8 70.0 1,048.8 86.3 (55.8) 27.7 - (1.7) 116.1 962.5 (36.4) (35.6) (16.9) (35.8) 1,087.2 Non-underlying items 4 (325.4) (177.5) (147.9) (20.5) (21.3) 0.2 - - 0.6 (127.4) 1.9 11.9 3.6 (33.7) (111.1) Royalties (103.7) - (103.7) (20.9) (18.5) (2.4) - (28.9) 28.9 (82.8) (15.1) (48.4) (17.9) (1.5) 0.1 Current taxation (154.2) 0.2 (154.4) (27.8) (27.5) - - (53.5) 53.2 (126.6) 63.9 25.9 3.9 0.8 (221.1) Deferred taxation 69.5 43.2 26.3 (77.5) (52.5) (20.4) (5.1) (11.1) 11.6 103.8 186.6 21.7 17.6 - (122.1) Profit for the period 78.3 33.2 45.1 264.9 124.6 11.4 15.2 135.7 (22.0) (219.8) (442.3) 160.6 (41.9) (340.1) 443.9 Attributable to: Owners of Sibanye-Stillwater 76.7 33.2 43.5 263.6 124.6 11.4 13.9 135.7 (22.0) (220.1) (442.3) 160.6 (41.9) (340.1) 443.6 Non-controlling interests 1.6 - 1.6 1.3 - - 1.3 - - 0.3 - - - - 0.3 Sustaining capital expenditure (438.6) (110.7) (327.9) (143.5) (88.8) (49.9) (4.8) (65.7) 65.7 (184.4) (84.1) (75.4) (24.2) - (0.7) Ore reserve development (1,696.6) (439.6) (1,257.0) (226.7) (226.7) - - - - (1,030.3) (419.1) (397.9) (213.3) - - Growth projects (917.3) (667.7) (249.6) (34.0) (0.6) - (33.4) - - (215.6) (0.3) (72.7) (0.3) - (142.3) Total capital expenditure (3,052.5) (1,218.0) (1,834.5) (404.2) (316.1) (49.9) (38.2) (65.7) 65.7 (1,430.3) (503.5) (546.0) (237.8) - (143.0) For the six months ended 30 Jun 2018 GROUP US OPERA- TIONS SA OPERATIONS US dollars 5 Total Stillwater Total SA Operations Total SA PGM Rusten- burg Kroondal Platinum Mile Mimosa Cor- porate 1 Total SA gold Drie- Kloof Beatrix Cooke Cor- 1 Revenue 1,942.3 604.5 1,337.8 551.5 422.8 121.8 6.9 74.5 (74.5) 786.3 245.2 334.8 187.3 23.7 (4.7) Underground 1,485.3 286.9 1,198.4 506.3 384.5 121.8 - 74.5 (74.5) 692.1 226.5 287.1 182.9 0.3 (4.7) Surface 139.4 - 139.4 45.2 38.3 - 6.9 - - 94.2 18.7 47.7 4.4 23.4 - Recycling 317.6 317.6 - - - - - - - - - - - - - Cost of sales, before amortisation and depreciation (1,595.6) (451.1) (1,144.5) (464.4) (357.2) (102.0) (5.2) (47.4) 47.4 (680.1) (241.8) (257.2) (159.7) (21.4) - Underground (1,166.2) (143.5) (1,022.7) (427.7) (325.7) (102.0) - (47.4) 47.4 (595.0) (221.9) (215.6) (157.2) (0.3) - Surface (121.8) - (121.8) (36.7) (31.5) - (5.2) - - (85.1) (19.9) (41.6) (2.5) (21.1) - Recycling (307.6) (307.6) - - - - - - - - - - - - - Net other cash costs 2 (30.3) (0.1) (30.2) (5.8) (4.0) (1.7) (0.1) (0.6) 0.6 (24.4) (2.1) (1.6) (0.8) (22.3) 2.4 Adjusted EBITDA 316.4 153.3 163.1 81.3 61.6 18.1 1.6 26.5 (26.5) 81.8 1.3 76.0 26.8 (20.0) (2.3) Amortisation and depreciation (251.4) (83.2) (168.2) (40.7) (25.8) (14.6) (0.1) (7.4) 7.2 (127.5) (47.7) (53.6) (24.8) (0.2) (1.2) Interest income 15.5 3.0 12.5 2.9 0.6 2.2 0.1 - - 9.6 3.7 2.6 1.1 1.3 0.9 Finance expense (112.4) (63.9) (48.5) (17.1) (12.0) (5.1) - (0.4) 0.4 (31.4) (9.6) (10.0) (5.7) (3.0) (3.1) Share-based payments (10.9) (1.3) (9.6) - - - - - - (9.6) - - - - (9.6) Net other 3 91.0 5.7 85.3 7.1 (4.5) 2.3 - (0.1) 9.4 78.2 (3.0) (2.9) (1.4) (2.9) 88.4 Non-underlying items 4 (26.4) (14.4) (12.0) (1.7) (1.7) - - - - (10.3) 0.2 1.0 0.3 (2.7) (9.1) Royalties (8.4) - (8.4) (1.7) (1.5) (0.2) - (2.3) 2.3 (6.7) (1.2) (3.9) (1.5) (0.1) - Current taxation (12.5) - (12.5) (2.2) (2.2) - - (4.3) 4.3 (10.3) 5.2 2.1 0.3 0.1 (18.0) Deferred taxation 5.6 3.5 2.1 (6.4) (4.3) (1.7) (0.4) (0.9) 0.9 8.5 15.2 1.8 1.4 - (9.9) Profit for the period 6.5 2.7 3.8 21.5 10.2 1.0 1.2 11.1 (2.0) (17.7) (35.9) 13.1 (3.5) (27.5) 36.1 Attributable to: - - - - Owners of Sibanye-Stillwater 6.4 2.7 3.7 21.4 10.2 1.0 1.1 11.1 (2.0) (17.7) (35.9) 13.1 (3.5) (27.5) 36.1 Non-controlling interests 0.1 - 0.1 0.1 - - 0.1 - - - - - - - - Sustaining capital expenditure (35.7) (9.0) (26.7) (11.7) (7.2) (4.1) (0.4) (5.3) 5.3 (15.0) (6.8) (6.1) (2.0) - (0.1) Ore reserve development (137.9) (35.7) (102.2) (18.4) (18.4) - - - - (83.8) (34.1) (32.4) (17.3) - - Growth projects (74.4) (54.2) (20.2) (2.7) - - (2.7) - - (17.5) - (5.9) - - (11.6) Total capital expenditure (248.0) (98.9) (149.1) (32.8) (25.6) (4.1) (3.1) (5.3) 5.3 (116.3) (40.9) (44.4) (19.3) - (11.7) 1 Corporate and reconciling items represent the items to reconcile segment data to consolidated financial statement totals. This does not represent a separate segment as it does not generate mining revenue 2 Net other cash costs consist of care and maintenance and other costs as detailed in profit or loss 3 Net other consists of gain on financial instruments and gain on foreign exchange differences. Corporate and reconciling items net other includes the share of results equity-accounted investees after tax as detailed in profit or loss 4 Non-underlying items consists of gain on disposal of property, plant and equipment, impairments, occupational healthcare expense, restructuring costs and transaction costs as detailed in profit or loss 5 The average exchange rate for the six months ended 30 June 2018 was R12.31/US$

Finance expense (Tables)

Finance expense (Tables)	6 Months Ended
	Jun. 30, 2019
Finance expense
Schedule of finance expense	Figures in million - SA rand Six months ended Notes Jun 2019 Dec 2018 Jun 2018 Interest charge on: Borrowings – interest (676.5) (771.6) (800.9) - US$600 million revolving credit facility (RCF) (23.1) (21.1) (4.9) - R6.0 billion RCF, R4.5 billion Facilities, and other borrowings (Rand Facilities) (267.8) (287.4) (280.6) - 2022 and 2025 Notes (333.8) (408.9) (427.7) - US$ Convertible Bond (51.8) (54.2) (51.7) - US$350 million RCF - - (36.0) Borrowings - unwinding of amortised cost (183.3) (356.8) (181.5) - 2022 and 2025 Notes (23.0) (169.2) (27.5) - US$ Convertible Bond (95.5) (96.3) (89.5) - Burnstone Debt (62.6) (88.4) (64.5) - Other (2.2) (2.9) - Lease liabilities (14.1) - - Environmental rehabilitation obligation (256.1) (209.3) (189.5) Occupational healthcare obligation (57.3) (54.8) (50.6) Deferred Payment (related to the Rustenburg operations acquisition) (89.5) (100.2) (100.2) Dissenting shareholders (10.5) (25.2) (42.9) Deferred revenue (related to the Streaming Transaction) 1 (149.4) (160.3) - Other (134.6) (72.3) (18.6) Total finance expense (1,571.3) (1,750.5) (1,384.2) 1 For the six months ended 30 June 2019, finance expense includes R149.4 million non-cash interest relating to the gold and palladium streaming arrangement with Wheaton Precious Metals International (Wheaton International). Although there is no cash financing cost related to this arrangement, IFRS 15 requires Sibanye-Stillwater to recognise a notional financing charge due to the significant time delay between receiving the upfront streaming payment and satisfying the related metal credit deliveries. A discount rate of 5.4% was used in determining the finance expense to be recognised as part of the steaming transaction

(Loss)_gain on financial inst_2

(Loss)/gain on financial instruments (Tables)	6 Months Ended
	Jun. 30, 2019
(Loss)/gain on financial instruments
Schedule of gain (loss) on financial instrument	Figures in million - SA rand Six months ended Note Jun 2019 Dec 2018 Jun 2018 Fair value loss on rand gold forward sale contracts 1 (2.8) (89.4) (91.2) Fair value (loss)/gain on derivative financial instrument (552.7) (132.0) 810.1 Fair value adjustment of share-based payment obligations (10.0) 271.5 (21.6) Fair value (loss)/gain on foreign currency hedge - (6.3) 31.6 Gain on the revised cash flow of the Burnstone Debt - 804.6 - Gain on the revised cash flow of the Deferred Payment - 150.6 - Other 30.0 (5.1) (18.7) Total (loss)/gain on financial instruments (535.5) 993.9 710.2 1 At the end of 2017 and during 2018, Sibanye-Stillwater began a hedging programme for Sibanye Gold Limited and Rand Uranium Proprietary Limited by entering into commodity hedging contracts. The contracts comprise gold zero cost collars which establish a minimum (floor) and maximum (cap) gold sales price. At 30 June 2019, the net rand gold forward sale contracts financial liability was R164.0 million, realised loss was R77.8 million and unrealised gain was R153.3 million. As hedge accounting is not applied, resulting gains or losses are accounted for as gains or losses on financial instruments in profit or loss On 11 April 2019, Sibanye-Stillwater concluded a forward gold sale arrangement where the Group received a cash prepayment of US$125 million (approximately R1.75 billion) in exchange for the future delivery of 105,906 ounces (3,294 kilograms) of gold in four equal parts on 1 October 2019, 15 October 2019, 31 October 2019 and 15 November 2019, subject to a floor price of US$1,200/oz and a cap price of US$1,323/oz (gold prepayment). At 30 June 2019, the forward gold sale contracts financial liability (and unrealised loss) was R78.3 million (US$5.5 million)

Mining and income tax (Tables)

Mining and income tax (Tables)	6 Months Ended
	Jun. 30, 2019
Mining and income tax
Schedule of reconciliation of the Group's mining and income tax to the South African statutory company tax rate	Figures in million - SA rand Six months ended Jun 2019 Dec 2018 Jun 2018 Tax on loss/(profit) before tax at maximum South African statutory company tax rate 650.4 447.9 (45.6) South African gold mining tax formula rate adjustment (261.4) (97.2) 44.2 US statutory tax rate adjustment 67.0 33.9 (14.5) Non-deductible finance expense (25.7) (118.2) - Non-deductible share-based payments (39.4) (43.3) (35.6) (Non-deductible loss)/non-taxable gain on fair value of financial instruments (27.9) 171.0 (34.1) (Non-deductible loss)/non-taxable gain on foreign exchange differences (1.2) 244.1 6.2 Non-taxable share of results of equity-accounted investees 71.6 40.8 55.6 Non-deductible impairments (24.2) (122.7) (0.5) Non-taxable gain on acquisition 305.9 - - Non-deductible transaction costs (26.9) (110.0) - Tax adjustment in respect of prior periods - (46.6) 98.0 Net other non-taxable income and non-deductible expenditure 71.7 65.9 (2.1) Change in estimated deferred tax rate 1,544.0 (1,295.2) - Deferred tax assets not recognised (162.4) (169.5) (156.3) Mining and income tax 2,141.5 (999.1) (84.7)

Earnings per share (Tables)

Earnings per share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings per share
Earnings per share	Basic earnings per share Six months ended Jun 2019 Dec 2018 Jun 2018 Ordinary shares in issue (’000) 2,670,029 2,266,261 2,265,478 Bonus element of the capitalisation issue (’000) - - 402 Adjustment for weighting of ordinary shares in issue (’000) (328,462) (273) (4,127) Adjusted weighted average number of shares (’000) 2,341,567 2,265,988 2,261,753 (Loss)/profit attributable to owners of Sibanye-Stillwater (SA rand million) (265.2) (2,576.3) 76.7 Basic earnings per share (EPS) (cents) (11) (114) 3 5.2 Six months ended Jun 2019 Dec 2018 Jun 2018 Weighted average number of shares Adjusted weighted average number of shares (’000) 2,341,567 2,265,988 2,261,753 Potential ordinary shares (’000) - - 25,172 Diluted weighted average number of shares (’000) 2,341,567 2,265,988 2,286,925 Diluted basic EPS (cents) (11) (114) 3
Headline earnings per share	Headline earnings per share Figures in million - SA rand Six months ended Jun 2019 Dec 2018 Jun 2018 (Loss)/profit attributable to owners of Sibanye-Stillwater (265.2) (2,576.3) 76.7 Loss/(gain) on disposal of property, plant and equipment 4.9 (28.4) (31.8) Impairments 93.1 2,981.8 59.6 Gain on acquisition (1,092.5) - - Taxation effect of re-measurement items (3.2) (494.7) (3.5) Re-measurement items, net of tax attributable to non-controlling interests (0.2) - - Headline earnings (1,263.1) (117.6) 101.0 Headline EPS (cents) (54) (5) 4 5.4 Six months ended Jun 2019 Dec 2018 Jun 2018 Diluted headline EPS (cents) (54) (5) 4

Dividends (Tables)

Dividends (Tables)	6 Months Ended
	Jun. 30, 2019
Dividends
Schedule of Reconciliation of (loss)/profit attributable to the owners	Figures in million - SA rand Six months ended Jun 2019 Dec 2018 Jun 2018 (Loss)/profit attributable to the owners of Sibanye-Stillwater (265.2) (2,576.3) 76.7 Adjusted for: Loss/(gain) on financial instruments 535.5 (993.9) (710.2) Gain on foreign exchange differences (52.6) (959.0) (210.1) Loss/(gain) on disposal of property, plant and equipment 4.9 (28.4) (31.8) Impairments 93.1 2,981.8 59.6 Gain on acquisition (1,092.5) - - Restructuring costs 1 633.2 48.4 94.4 Transaction costs 97.5 209.5 193.0 Gain on derecognition of borrowings - (230.0) - Occupational healthcare expense - 5.2 10.2 Other 30.1 5.4 13.3 Tax effect of the items adjusted above (295.3) (527.9) 182.2 Change in estimated deferred tax rate (1,544.0) 1,295.2 - Share of results of equity-accounted investees after tax (255.7) (145.7) (198.5) Normalised earnings 2 (2,111.0) (915.7) (521.2) 1 Restructuring costs of R633.2 million include R246.8 million voluntary separation agreements at the Marikana operations and R386.4 million at the SA gold operations due to the notice that was given (on 14 February 2019) to relevant stakeholders in terms of Section 189A of the Labour Relations Act, 66 of 1995. 2 Normalised earnings is a pro forma performance measure and is not a measure of performance under IFRS, may not be comparable to similarly titled measures of other companies, and should not be considered in isolation or as alternatives to profit before tax, profit for the year, cash from operating activities or any other measure of financial performance presented in accordance with IFRS

Acquisitions - (Tables)

Acquisitions - (Tables)	6 Months Ended
	Jun. 30, 2019
Lonmin
Disclosure of detailed information about business combination [line items]
Schedule of consideration paid for acquisition	Figures in million - SA rand Jun 2019 Equity instruments (290,394,531 ordinary shares) 4,306.6 Total consideration 4,306.6
Schedule of identifiable assets acquired and liabilities assumed in acquisition	Figures in million - SA rand Notes Jun 2019 Property, plant and equipment 3,527.1 Right-of-use assets 133.3 Other investments 269.0 Environmental rehabilitation obligation funds 299.2 Other non-current assets 517.3 Inventories 5,177.3 Trade and other receivables 946.6 Other current assets 15.0 Cash and cash equivalents 3,035.0 Lease liabilities (133.3) Environmental rehabilitation obligation and other provisions (1,826.3) Other non-current liabilities (933.0) Borrowings (2,605.7) Trade and other payables (2,662.5) Other current liabilities (90.4) Total fair value of identifiable net assets acquired 1 5,668.6 1 The fair value of assets and liabilities excluding property, plant and equipment, inventories and borrowings approximate the carrying value The fair value of property, plant and equipment was based on the expected discounted cash flows of the expected ore reserves and costs to extract the ore discounted at a real discount rate of 13.5% for the Marikana operations, an average platinum price of US$1,025/oz and an average palladium price of US$1,170/oz The fair value of inventories was based on the estimated selling price less costs to complete and costs to sell The fair value of borrowings was based on the settlement price. The Group restructured the Lonmin group entities funding arrangements to optimise financing costs. The Lonmin Pangaea Investments Management Limited (PIM) prepayment arrangement of US$174.3 million was fully settled by cash on hand and available within the Lonmin group on 5 July 2019
Schedule of gain on acquisition	Figures in million - SA rand Jun 2019 Consideration 4,306.6 Fair value of identifiable net assets acquired (5,668.6) Non-controlling interest, based on the proportionate interest in the recognised amounts of assets and liabilities 1 269.5 Gain on acquisition (1,092.5) 1 The amount recognised as non-controlling interest represents the non-controlling interest holders’ effective proportionate share of 4.75% of the fair value of the identifiable net assets acquired.
SFA Oxford Limited [Member]
Disclosure of detailed information about business combination [line items]
Schedule of goodwill arising from acquisition	Figures in million - SA rand Jun 2019 Consideration 127.1 Fair value of identifiable net assets acquired (4.4) Goodwill 122.7

Right-of-use asset (Tables)

Right-of-use asset (Tables)	6 Months Ended
	Jun. 30, 2019
Right-of-use asset
Summary of right-of-use asset	Figures in million - SA rand Six months ended Jun 2019 Impact of adopting IFRS 16 on 1 January 2019 302.0 Right-of-use asset acquired on acquisition of subsidiaries 133.3 Amortisation (47.2) Transfers and other movements (5.7) Foreign currency translation (0.1) Carrying value at end of the period 382.3

Equity accounted investments (T

Equity accounted investments (Tables)	6 Months Ended
	Jun. 30, 2019
Equity-accounted investments
Schedule of equity method investments	Figures in million - SA rand Six months ended Jun 2019 Dec 2018 Jun 2018 Balance at beginning of the period 3,733.9 2,683.7 2,244.1 Share of results of equity-accounted investee after tax 255.7 145.7 198.5 - Mimosa Investments Limited (Mimosa) 108.0 74.8 135.7 - Rand Refinery Proprietary Limited (Rand Refinery) 148.3 77.2 66.5 - Other (0.6) (6.3) (3.7) Dividend received from Mimosa (66.5) (87.0) - Preference shares redeemed - (102.8) - Net loan advanced to equity-accounted investee - 0.8 0.6 Impairment of investment in Living Gold Proprietary Limited (Living Gold) (12.3) - - Impairment of loan to Living Gold (14.3) - - Equity-accounted investment retained on loss of control of subsidiary - 956.0 - Foreign currency translation (55.7) 137.5 240.5 Balance at end of the period 3,840.8 3,733.9 2,683.7 Equity accounted investments consist of: - Mimosa 2,492.3 2,492.4 2,389.2 - Rand Refinery 387.6 239.3 264.9 - Peregrine Metals Ltd 960.9 978.0 - - Other equity-accounted investments - 24.2 29.6 Equity-accounted investments 3,840.8 3,733.9 2,683.7

Non-current assets held for s_2

Non-current assets held for sale (Tables)	6 Months Ended
	Jun. 30, 2019
Non-current assets held for sale
Non-current assets held for sale	Figures in million - SA rand Jun 2019 Dec 2018 Jun 2018 Property, plant and equipment 120.7 - 1,270.0 Non-current assets held for sale 120.7 - 1,270.0

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2019
Borrowings
Schedule of the rollforward of borrowings	Figures in million - SA rand Six months ended Notes Jun 2019 Dec 2018 Jun 2018 Balance at beginning of the period 24,504.7 28,692.3 25,649.5 Borrowings on acquisition of subsidiaries 2,605.7 - - Loans raised 15,861.8 9,127.4 8,002.8 - US$600 million RCF 8,491.1 3,478.2 1,913.4 - R6.0 billion RCF 520.0 - 360.0 - US$350 million RCF - - 580.0 - Other borrowings (including DRDGOLD facility) 6,850.7 5,649.2 5,149.4 Loans repaid (15,421.9) (13,829.6) (7,401.9) - US$600 million RCF (4,671.6) (2,459.5) (285.2) - R6.0 billion RCF (3,370.0) - - - US$350 million RCF - - (1,779.6) - 2022 and 2025 Notes - (5,107.4) - - US$ Convertible Bond - (745.2) - - Other borrowings (including DRDGOLD facility) (7,380.3) (5,517.5) (5,337.1) Unwinding of loans recognised at amortised cost 183.3 356.8 181.5 Accrued interest (related to 2022 and 2025 Notes, and US$ Convertible Bond) 416.7 463.1 479.4 Accrued interest paid (396.5) (391.2) (516.0) Gain on derecognition of borrowings - (179.7) - Gain on the revised cash flow of the Burnstone Debt - (804.6) - (Gain)/loss on foreign exchange differences and foreign currency translation (635.7) 1,070.2 2,297.0 Balance at end of the period 27,118.1 24,504.7 28,692.3
Schedule of the summary of borrowings	Figures in million - SA rand Jun 2019 Dec 2018 Jun 2018 US$600 million RCF 6,316.8 2,726.5 1,757.5 R6.0 billion RCF 3,046.4 5,896.4 5,896.4 2022 and 2025 Notes 9,658.8 9,808.7 14,022.2 US$ Convertible Bond 4,513.7 4,496.6 4,939.7 Burnstone Debt 1,187.5 1,145.1 1,780.0 Other borrowings 2,394.9 431.4 296.5 - Uncommitted (short-term) facilities 0.2 252.3 291.0 - Lonmin facility 2,389.0 - - - DRDGOLD facility - 173.3 - - Franco Nevada liability 2.0 2.0 1.9 - Stillwater Convertible Debentures 3.7 3.8 3.6 Borrowings 27,118.1 24,504.7 28,692.3 Current portion of borrowings (5,441.3) (6,188.2) (334.3) Non-current borrowings 21,676.8 18,316.5 28,358.0
Schedule of roll forward of derivative financial instruments	Figures in million - SA rand Six months ended Note Jun 2019 Dec 2018 Jun 2018 Balance at the beginning of the period 408.9 311.1 1,093.5 Loss/(gain) on financial instruments 552.7 132.0 (810.1) Gain on derecognition of derivative financial instrument - (50.3) - (Gain)/loss on foreign exchange differences (11.0) 16.1 27.7 Balance at end of the period 950.6 408.9 311.1
Disclosure of maturity analysis for non-derivative financial liabilities [text block]	Figures in million - SA rand Total Within one year Between one and four years Five years and later 30 June 2019 US$600 million RCF 6,316.8 - 6,316.8 - R6.0 billion RCF 3,046.4 3,046.4 - - 2022 and 2025 Notes 9,878.5 - 4,987.2 4,891.3 US$ Convertible Bond 5,414.4 - - 5,414.4 Burnstone Debt 2,508.4 - 104.6 2,403.8 Other borrowings 2,394.9 2,394.9 - -
Schedule of the calculation of net debt to adjusted EBITDA ratio	Figures in million - SA rand Jun 2019 Dec 2018 Jun 2018 Borrowings 1 26,881.2 23,768.5 27,223.4 Cash and cash equivalents 2 5,970.1 2,499.4 2,066.7 Net debt 3 20,911.1 21,269.1 25,156.7 Adjusted EBITDA 4 (12 months) 6,492.3 8,369.4 9,851.0 Net debt to adjusted EBITDA (ratio) 5 3.2 2.5 2.6 1 Borrowings are only those borrowings that have recourse to Sibanye-Stillwater. Borrowings, therefore, exclude the Burnstone Debt and include the derivative financial instrument 2 Cash and cash equivalents exclude cash of Burnstone 3 Net debt represents borrowings and bank overdraft less cash and cash equivalents. Borrowings are only those borrowings that have recourse to Sibanye-Stillwater and, therefore, exclude the Burnstone Debt and include the derivative financial instrument. Net debt excludes cash of Burnstone 4 The adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) calculation included is based on the definitions included in the facility agreements for compliance with the debt covenant formula, except for impact of new accounting standards and acquisitions, where the facility agreements allow the results from the acquired operations to be annualised. Adjusted EBITDA may not be comparable to similarly titled measures of other companies. Adjusted EBITDA is not a measure of performance under IFRS and should be considered in addition to, and not as a substitute for, other measures of financial performance and liquidity 5 Net debt to adjusted EBITDA ratio is defined as net debt as of the end of a reporting period divided by EBITDA of the 12 months ended on the same reporting date
Schedule of reconciliation of (loss)/profit before royalties and tax to adjusted EBITDA	Figures in million - SA rand Six months ended Jun 2019 Dec 2018 Jun 2018 (Loss)/profit before royalties and tax (2,205.4) (1,491.0) 266.7 Adjusted for: Amortisation and depreciation 2,924.7 3,519.1 3,094.7 Interest income (287.3) (290.8) (191.3) Finance expense 1,571.3 1,750.5 1,384.2 Share-based payments 163.0 164.7 134.7 Loss/(gain) on financial instruments 535.5 (993.9) (710.2) Gain on foreign exchange differences (52.6) (959.0) (210.1) Share of results of equity-accounted investees after tax (255.7) (145.7) (198.5) Change in estimate of environmental rehabilitation obligation, and right of recovery receivable and payable (60.3) (66.6) - Loss/(gain) on disposal of property, plant and equipment 4.9 (28.4) (31.8) Impairments 93.1 2,981.8 59.6 Gain on acquisition (1,092.5) - - Restructuring costs 633.2 48.4 94.4 Transaction costs 97.5 209.5 193.0 Impact of IFRS 16 (50.9) - - Gain on derecognition of borrowings and derivative financial instrument - (230.0) - Occupational healthcare expense - 5.2 10.2 Adjusted EBITDA 2,018.5 4,473.8 3,895.6

Lease liabilities - (Tables)

Lease liabilities - (Tables)	6 Months Ended
	Jun. 30, 2019
Lease liabilities
Summary of lease liabilities	Figures in million - SA rand Six months ended Note Jun 2019 Impact of adopting IFRS 16 on 1 January 2019 302.0 Lease liabilities on acquisition of subsidiaries 133.3 Repayment of lease liabilities (50.9) Interest charge 14.1 Transfers and other movements (5.7) Foreign currency translation (0.1) Balance at end of the period 392.7 Current portion of lease liabilities (104.9) Non-current lease liabilities 287.8

Other payables (Tables)

Other payables (Tables)	6 Months Ended
	Jun. 30, 2019
Other payables
Schedule of Trade and Other Payables	Figures in million - SA rand Six months ended Jun 2019 Dec 2018 Jun 2018 Deferred Payment (related to Rustenburg operations acquisition) 2,011.8 2,205.9 2,294.8 Contingent consideration related to the SFA (Oxford) acquisition 50.0 - - Right of recovery payable 87.1 83.2 72.5 Dissenting shareholders 1 292.5 287.1 1,450.6 Other payables 2 1,147.1 256.3 219.7 Other payables 3,588.5 2,832.5 4,037.6 Current portion of other payables (669.5) (303.3) (41.9) Non-current other payables 2,919.0 2,529.2 3,995.7 1 Following the closing of the acquisition of Stillwater Mining Company on 4 May 2017, three petitions for appraisal of stock were filed in the Chancery Court for the State of Delaware. The first action, captioned Blue Mountain Credit Alternatives Master Fund L.P. et al. vs. Stillwater Mining Company, Case No. 2017-0385-JTL, was filed 19 May 2017, on behalf of holders of a purported 4,219,523 shares of common stock of the Company. The second action, captioned Brigade Leveraged Capital Structures Fund Ltd. et al. vs. Stillwater Mining Company, Case No. 2017-0389-JTL, was filed 22 May 2017, on behalf of holders of a purported 1,200,000 shares of common stock of the Company. The third action, captioned Hillary Shane Revocable Trust, et al. vs. Stillwater Mining Company, Case No. 2017-0400-JTL, was filed 26 May 2017, on behalf of holders of a purported 384,000 shares of common stock of the Company (the Shane Petitioners). On 29 August 2017, the three actions were consolidated into a single action, captioned In re Appraisal of Stillwater Mining Company, C.A. No. 2017-0385-JTL On 28 March 2018, Stillwater Mining Company entered into a settlement agreement with the Shane Petitioners, providing for a total settlement payment of US$7.0 million. Following settlement of the Shane Petitioners’ claims, the total number of shares of Stillwater Mining Company’s common stock subject to appraisal is approximately 5,419,523. The appraisal action seeks a determination of the fair value of the shares of the common stock of Stillwater Mining Company under Section 262 of the General Corporation Law of the State of Delaware (DGCL). Petitioners seek a judgment awarding them, among other things, the fair value of their shares plus interest. A trial was held in December 2018. The parties completed post-trial briefing on 18 April 2019, and the court held oral argument on 1 May 2019. Accordingly, for accounting purposes only, we have used the merger price of US$18.00 per share in estimating our liability relating to the shares for which appraisal has been demanded, however, fair value may ultimately be determined by the court to be equal to, or different from, the merger price On 21 August 2019, the Court of Chancery of the State of Delaware in the United States of America ruled in favour of the Company in the appraisal action brought by the dissenting shareholders of the Stillwater Mining Company (refer to note 17.2) Other payables include R888.9 million from Lonmin relating to the finance metal streaming arrangement and Pandora acquisition contingent consideration

Deferred revenue (Tables)

Deferred revenue (Tables)	6 Months Ended
	Jun. 30, 2019
Deferred revenue
Schedule of Changes in Deferred Revenue	Figures in million - SA rand Six months ended Note Jun 2019 Dec 2018 Jun 2018 Balance at the beginning of the year 6,555.4 - - Deferred revenue recognised during the period (213.4) (160.3) - Interest charge 149.4 160.3 - Deferred revenue advance received 1,751.3 6,555.4 - Balance at end of the period 8,242.7 6,555.4 - Current portion of deferred revenue (2,145.8) (30.1) - Non-current portion of deferred revenue 6,096.9 6,525.3 -

Fair value of financial asset_2

Fair value of financial assets and financial liabilities and risk management (Tables)	6 Months Ended
	Jun. 30, 2019
FINANCIAL INSTRUMENTS AND RISK MANAGEMENT
Schedule of fair value of financial instruments measured at fair value	Figures in million - SA rand Jun 2019 Dec 2018 Jun 2018 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Level 1 Level 2 Financial assets measured at fair value - Environmental rehabilitation obligation funds 3,548.1 854.2 - 3,634.0 364.7 - 3,187.6 374.8 - Trade receivables - PGM sales 3,217.8 - - 5,310.1 - - 4,688.4 - - Rand gold forward sale contracts - - - - - - - 4.1 - Other investments 72.3 - 326.3 81.5 - 74.5 - - Financial liabilities measured at fair value - Derivative financial instrument 1 - 950.6 - - 408.8 - - 311.1 - Rand gold forward sale contracts - 164.0 - - 240.8 - - 134.8 1 The derivative financial instrument is recognised at fair value and valued using option pricing methodologies based on observable quoted inputs

Segment reporting (Tables)

Segment reporting (Tables)	6 Months Ended
	Jun. 30, 2019
Segment reporting
Schedule of segment reporting	Figures in million For the six months ended 30 Jun 2019 GROUP US OPERA- TIONS SA OPERATIONS GROUP SA rand Total Stillwater Total SA Opera-tions Total SA PGM Rusten- Mari-kana 1 Kroondal Platinum Mimosa Cor- porate 2 Total SA gold Drie- Kloof Beatrix Cooke DRD- Cor- porate 2 Cor- 2 Revenue 23,534.9 11,323.4 12,257.3 6,239.0 2,448.8 1,369.2 2,272.2 148.8 1,111.5 (1,111.5) 6,018.3 296.9 2,708.0 1,049.4 376.6 1,509.6 77.8 (45.8) Underground 14,427.3 5,214.4 9,258.7 5,943.0 2,301.6 1,369.2 2,272.2 - 1,111.5 (1,111.5) 3,315.7 295.2 2,063.3 870.0 9.4 - 77.8 (45.8) Surface 2,998.6 - 2,998.6 296.0 147.2 - 148.8 - - 2,702.6 1.7 644.7 179.4 367.2 1,509.6 - - Recycling 6,109.0 6,109.0 - - - - - - - - - - - - - - - Cost of sales, before amortisation and depreciation (20,662.1) (8,332.7) (12,329.4) (4,117.1) (1,334.3) (1,220.2) (1,458.7) (103.9) (686.6) 686.6 (8,212.3) (1,864.4) (3,128.6) (1,646.8) (280.2) (1,292.3) - - Underground (12,188.9) (2,528.6) (9,660.3) (3,748.9) (1,070.0) (1,220.2) (1,458.7) - (686.6) 686.6 (5,911.4) (1,851.2) (2,532.3) (1,518.8) (9.1) - - - Surface (2,669.1) - (2,669.1) (368.2) (264.3) - - (103.9) - - (2,300.9) (13.2) (596.3) (128.0) (271.1) (1,292.3) - - Recycling (5,804.1) (5,804.1) - - - - - - - - - - - - - - - - Net other cash costs 3 (803.4) (31.6) (771.8) (61.0) (44.7) 39.4 (42.0) (12.9) (8.0) 7.2 (710.8) (141.0) (108.9) (133.0) (267.4) (7.3) (53.2) - Adjusted EBITDA 2,069.4 2,959.1 (843.9) 2,060.9 1,069.8 188.4 771.5 32.0 416.9 (417.7) (2,904.8) (1,708.5) (529.5) (730.4) (171.0) 210.0 24.6 (45.8) Amortisation and depreciation (2,924.7) (1,092.3) (1,832.4) (717.4) (442.0) (22.2) (248.6) (2.3) (98.9) 96.6 (1,115.0) (215.5) (564.9) (209.1) (7.5) (87.9) (30.1) - Interest income 287.3 58.3 229.0 117.4 41.7 44.2 30.6 0.1 0.8 - 111.6 20.9 21.6 7.5 20.8 30.1 10.7 - Finance expense (1,571.3) (779.2) (642.7) (268.1) (704.5) (58.8) (73.0) - (11.5) 579.7 (374.6) (139.2) (138.9) (83.5) (36.8) (41.8) 65.6 (149.4) Share-based payments (163.0) (22.8) (140.2) - - - - - - - (140.2) - - - - (18.2) (122.0) - Net other 4 (166.9) 0.4 (167.3) (7.5) (4.1) (90.5) (4.3) 0.4 (94.2) 185.2 (159.8) 10.8 11.5 6.9 (31.9) 70.8 (227.9) - Non-underlying items 5 263.8 (43.1) 306.9 820.8 1.1 820.9 (0.1) - (18.9) 17.8 (513.9) (192.2) (41.3) (123.4) (2.1) 4.1 (159.0) - Royalties (117.3) - (117.3) (93.6) (83.1) (7.3) (3.2) - (37.7) 37.7 (23.7) (1.9) (14.1) (5.7) (2.0) - - - Current taxation (656.3) (191.3) (465.0) (293.8) (155.9) (38.2) (99.4) - (47.2) 46.9 (171.2) - - - - 4.8 (176.0) - Deferred taxation 2,797.8 1,548.0 1,249.8 (37.1) 5.4 0.2 (36.9) (8.5) (1.3) 4.0 1,286.9 467.2 313.6 249.6 - (20.5) 277.0 - Loss for the period (181.2) 2,437.1 (2,423.1) 1,581.6 (271.6) 836.7 336.6 21.7 108.0 550.2 (4,004.7) (1,758.4) (942.0) (888.1) (230.5) 151.4 (337.1) (195.2) Attributable to: Owners of Sibanye-Stillwater (265.2) 2,437.1 (2,507.1) 1,592.0 (271.6) 848.9 336.6 19.9 108.0 550.2 (4,099.1) (1,758.4) (942.0) (888.1) (230.5) 57.6 (337.7) (195.2) Non-controlling interests 84.0 - 84.0 (10.4) - (12.2) - 1.8 - - 94.4 - - - - 93.8 0.6 - Sustaining capital expenditure (451.3) (66.2) (385.1) (307.8) (128.1) (95.4) (76.5) (7.8) (165.6) 165.6 (77.3) (18.5) (27.7) (21.0) - (10.1) - - Ore reserve development (1,110.8) (586.1) (524.7) (250.8) (250.8) - - - - (273.9) (81.4) (148.8) (43.7) - - - - Growth projects (1,021.1) (942.2) (78.9) (3.9) - (0.7) - (3.2) - - (75.0) - (29.0) (0.7) - (28.1) (17.2) - Total capital expenditure (2,583.2) (1,594.5) (988.7) (562.5) (378.9) (96.1) (76.5) (11.0) (165.6) 165.6 (426.2) (99.9) (205.5) (65.4) - (38.2) (17.2) - For the six months ended 30 Jun 2019 GROUP US OPERA- TIONS SA OPERATIONS GROUP US dollars 6 Total Stillwater Total SA Opera-tions Total SA PGM Rusten- Mari-kana 1 Kroondal Platinum Mimosa Cor- porate 2 Total SA gold Drie- Kloof Beatrix Cooke DRD- Cor- porate 2 Cor- 2 Revenue 1,657.4 797.4 863.2 439.4 172.5 96.4 160.0 10.5 78.3 (78.3) 423.8 20.9 190.7 73.9 26.6 106.3 5.4 (3.2) Underground 1,016.0 367.2 652.0 418.5 162.1 96.4 160.0 - 78.3 (78.3) 233.5 20.8 145.3 61.3 0.7 - 5.4 (3.2) Surface 211.2 - 211.2 20.9 10.4 - - 10.5 - - 190.3 0.1 45.4 12.6 25.9 106.3 - - Recycling 430.2 430.2 - - - - - - - - - - - - - - - - Cost of sales, before amortisation and depreciation (1,455.1) (586.8) (868.3) (289.9) (94.0) (85.9) (102.7) (7.3) (48.4) 48.4 (578.4) (131.3) (220.4) (116.0) (19.7) (91.0) - - Underground (858.5) (178.1) (680.4) (264.0) (75.4) (85.9) (102.7) - (48.4) 48.4 (416.4) (130.4) (178.4) (107.0) (0.6) - - - Surface (187.9) - (187.9) (25.9) (18.6) - - (7.3) - - (162.0) (0.9) (42.0) (9.0) (19.1) (91.0) - - Recycling (408.7) (408.7) - - - - - - - - - - - - - - - - Net other cash costs (56.5) (2.2) (54.3) (4.3) (3.2) 2.8 (3.0) (0.9) (0.5) 0.5 (50.0) (9.9) (7.6) (9.3) (18.9) (0.5) (3.8) - Adjusted EBITDA 145.8 208.4 (59.4) 145.2 75.3 13.3 54.3 2.3 29.4 (29.4) (204.6) (120.3) (37.3) (51.4) (12.0) 14.8 1.6 (3.2) Amortisation and depreciation (206.0) (76.9) (129.1) (50.6) (31.1) (1.6) (17.5) (0.2) (7.0) 6.8 (78.5) (15.2) (39.8) (14.7) (0.5) (6.2) (2.1) - Interest income 20.2 4.1 16.1 8.3 2.9 3.1 2.2 - 0.1 - 7.8 1.5 1.5 0.5 1.5 2.1 0.7 - Finance expense (110.7) (54.9) (45.3) (18.8) (49.6) (4.1) (5.1) - (0.8) 40.8 (26.5) (9.8) (9.8) (5.9) (2.6) (2.9) 4.5 (10.5) Share-based payments (11.5) (1.6) (9.9) - - - - - - - (9.9) - - - - (1.3) (8.6) - Net other (11.8) - (11.8) (0.6) (0.3) (6.4) (0.3) - (6.6) 13.0 (11.2) 0.8 0.8 0.5 (2.2) 5.0 (16.1) - Non-underlying items 18.5 (3.0) 21.5 57.9 0.1 57.8 - - (1.3) 1.3 (36.4) (13.5) (2.9) (8.7) (0.1) 0.3 (11.5) - Royalties (8.3) - (8.3) (6.6) (5.9) (0.5) (0.2) - (2.7) 2.7 (1.7) (0.1) (1.0) (0.4) (0.2) - - - Current taxation (46.2) (13.5) (32.7) (20.7) (11.0) (2.7) (7.0) - (3.3) 3.3 (12.0) - - - - 0.3 (12.3) - Deferred taxation 197.0 109.0 88.0 (2.6) 0.4 - (2.6) (0.6) (0.1) 0.3 90.6 32.9 22.1 17.6 - (1.4) 19.4 - Loss for the period (13.0) 171.6 (170.9) 111.5 (19.2) 58.9 23.8 1.5 7.7 38.8 (282.4) (123.7) (66.4) (62.5) (16.1) 10.7 (24.4) (13.7) Attributable to: - Owners of Sibanye-Stillwater (18.9) 171.6 (176.8) 112.3 (19.2) 59.8 23.8 1.4 7.7 38.8 (289.1) (123.7) (66.4) (62.5) (16.1) 4.0 (24.4) (13.7) Non-controlling interests 5.9 - 5.9 (0.8) - (0.9) - 0.1 - - 6.7 - - - - 6.7 - - Sustaining capital expenditure (31.8) (4.7) (27.1) (21.6) (9.0) (6.7) (5.4) (0.5) (11.7) 11.7 (5.5) (1.3) (2.0) (1.5) - (0.7) - - Ore reserve development (78.5) (41.3) (37.2) (17.7) (17.7) - - - - - (19.5) (5.8) (10.6) (3.1) - - - - Growth projects (71.8) (66.4) (5.4) (0.2) - - - (0.2) - - (5.2) - (2.0) - - (2.0) (1.2) - Total capital expenditure (182.1) (112.4) (69.7) (39.5) (26.7) (6.7) (5.4) (0.7) (11.7) 11.7 (30.2) (7.1) (14.6) (4.6) - (2.7) (1.2) - 1 The SA PGM operations’ results for the six months ended 30 June 2019 include the Marikana operations for one month since acquisition (refer to note 7.1) 2 Corporate and reconciling items represent the items to reconcile segment data to consolidated financial statement totals. This does not represent a separate segment as it does not generate mining revenue 3 Net other cash costs consist of care and maintenance and other costs as detailed in profit or loss 4 Net other consists of gain on financial instruments, gain on foreign exchange differences, and change in estimate of environmental rehabilitation obligation, and right of recovery receivable and payable as detailed in profit or loss. Corporate and reconciling items net other includes the share of results equity-accounted investees after tax as detailed in profit or loss 5 Non-underlying items consists of gain on disposal of property, plant and equipment, impairments, gain on acquisition, restructuring costs and transaction costs as detailed in profit or loss 6 The average exchange rate for the six months ended 30 June 2019 was R14.20/US$ Figures are in millions For the six months ended 31 Dec 2018 GROUP US OPERA- TIONS SA OPERATIONS GROUP SA rand Total Stillwater Total SA Operations Total SA PGM Rusten- burg Kroondal Platinum Mile Mimosa Cor- porate 1 Total SA gold 2 Drie- Kloof Beatrix Cooke DRD- Cor- porate 1 Cor- porate 1 Revenue 26,746.4 8,431.7 18,341.4 8,364.9 6,167.4 2,085.3 112.2 940.8 (940.8) 9,976.5 2,093.8 4,010.1 2,295.8 549.9 1,047.5 (20.6) (26.7) Underground 20,320.7 4,898.6 15,448.8 7,812.7 5,727.4 2,085.3 - 940.8 (940.8) 7,636.1 1,994.7 3,403.4 2,216.6 42.0 - (20.6) (26.7) Surface 2,892.6 - 2,892.6 552.2 440.0 - 112.2 - - 2,340.4 99.1 606.7 79.2 507.9 1,047.5 - - Recycling 3,533.1 3,533.1 - - - - - - - - - - - - - - - Cost of sales, before amortisation and depreciation (21,872.8) (6,167.3) (15,705.5) (6,379.9) (4,807.2) (1,483.7) (89.0) (651.8) 651.8 (9,325.6) (2,731.9) (3,199.2) (1,945.0) (429.5) (1,020.0) - - Underground (15,891.6) (2,757.7) (13,133.9) (5,866.2) (4,382.5) (1,483.7) - (651.8) 651.8 (7,267.7) (2,654.4) (2,698.3) (1,905.7) (9.3) - - - Surface (2,571.6) - (2,571.6) (513.7) (424.7) - (89.0) - - (2,057.9) (77.5) (500.9) (39.3) (420.2) (1,020.0) - - Recycling (3,409.6) (3,409.6) - - - - - - - - - - - - - - - Net other cash costs 3 (399.8) 0.1 (399.9) (104.3) (71.4) (31.7) (0.7) - (0.5) (295.6) (26.3) (24.7) (27.2) (299.4) 8.7 73.3 - Adjusted EBITDA 4,473.8 2,264.5 2,236.0 1,880.7 1,288.8 569.9 22.5 289.0 (289.5) 355.3 (664.4) 786.2 323.6 (179.0) 36.2 52.7 (26.7) Amortisation and depreciation (3,519.1) (1,209.6) (2,309.5) (573.0) (379.1) (190.2) (1.7) (101.1) 99.1 (1,736.5) (614.1) (719.0) (330.5) (2.7) (57.9) (12.3) - Interest income 290.8 45.9 244.9 46.9 12.7 33.2 - - 1.0 198.0 48.8 39.9 26.5 25.5 26.1 31.2 - Finance expense (1,750.5) (1,011.1) (579.1) (211.4) (1,742.6) (67.5) - (8.2) 1,606.9 (367.7) (117.1) (122.8) (73.0) (41.0) (33.0) 19.2 (160.3) Share-based payments (164.7) (19.1) (145.6) - - - - - - (145.6) - - - - (3.2) (142.4) - Net other 4 2,165.2 (1.2) 2,166.4 640.0 4,403.8 109.9 0.7 (7.5) (3,866.9) 1,526.4 (326.4) (74.7) (40.9) (70.4) (419.1) 2,457.9 - Non-underlying items 5 (2,986.5) (33.2) (2,953.3) (9.2) (9.4) 0.2 - - - (2,944.1) (2,159.5) 15.3 (160.2) (16.9) (4.6) (618.2) - Royalties (108.9) - (108.9) (141.1) (138.0) (3.1) - (28.7) 28.7 32.2 16.5 19.4 (0.9) (2.7) - (0.1) - Current taxation 58.9 238.1 (179.2) (250.7) (249.9) - - (49.9) 49.1 71.5 - (101.2) 1.6 - (3.0) 174.1 - Deferred taxation (1,058.0) (1,838.9) 780.9 (115.1) 37.0 (148.5) (4.1) (18.8) 19.3 896.0 736.3 291.4 110.2 - (132.0) (109.9) - Profit for the period (2,599.0) (1,564.6) (847.4) 1,267.1 3,223.3 303.9 17.4 74.8 (2,352.3) (2,114.5) (3,079.9) 134.5 (143.6) (287.2) (590.5) 1,852.2 (187.0) Attributable to: Owners of Sibanye-Stillwater (2,576.3) (1,564.6) (824.7) 1,265.7 3,223.3 303.9 16.0 74.8 (2,352.3) (2,090.4) (3,079.9) 134.5 (143.6) (287.2) (565.8) 1,851.6 (187.0) Non-controlling interests (22.7) - (22.7) 1.4 - - 1.4 - - (24.1) - - - - (24.7) 0.6 - Sustaining capital expenditure (832.6) (149.5) (683.1) (320.9) (224.7) (91.5) (4.7) (105.2) 105.2 (362.2) (144.0) (145.2) (58.4) - (14.5) (0.1) - Ore reserve development (1,833.8) (559.3) (1,274.5) (251.2) (251.2) - - - - (1,023.3) (398.0) (441.7) (183.6) - - - - Growth projects (1,361.9) (906.3) (455.6) (23.7) - - (23.7) - - (431.9) (0.1) (69.1) (1.4) - (303.3) (58.0) - Total capital expenditure (4,028.3) (1,615.1) (2,413.2) (595.8) (475.9) (91.5) (28.4) (105.2) 105.2 (1,817.4) (542.1) (656.0) (243.4) - (317.8) (58.1) - For the six months ended 31 Dec 2018 GROUP US OPERA- TIONS SA OPERATIONS GROUP US dollars 6 Total Stillwater Total SA Operations Total SA PGM Rusten- burg Kroondal Platinum Mile Mimosa Cor- porate 1 Total SA gold 2 Drie- Kloof Beatrix Cooke DRD- Cor- porate 1 Cor- porate 1 Revenue 1,883.7 594.3 1,291.4 593.1 436.2 148.9 8.0 65.8 (65.8) 698.3 140.8 279.4 160.2 39.9 79.1 (1.1) (2.0) Underground 1,430.5 349.8 1,082.7 554.5 405.6 148.9 - 65.8 (65.8) 528.2 134.7 236.9 154.5 3.2 - (1.1) (2.0) Surface 208.7 - 208.7 38.6 30.6 - 8.0 - - 170.1 6.1 42.5 5.7 36.7 79.1 - - Recycling 244.5 244.5 - - - - - - - - - - - - - - - Cost of sales, before amortisation and depreciation (1,540.0) (434.1) (1,105.9) (449.1) (337.9) (104.9) (6.3) (45.9) 45.9 (656.8) (189.5) (223.5) (135.7) (31.0) (77.1) - - Underground (1,118.4) (198.2) (920.2) (413.0) (308.1) (104.9) - (45.9) 45.9 (507.2) (185.0) (188.6) (132.9) (0.7) - - - Surface (185.7) - (185.7) (36.1) (29.8) - (6.3) - - (149.6) (4.5) (34.9) (2.8) (30.3) (77.1) - - Recycling (235.9) (235.9) - - - - - - - - - - - - - - - Net other cash costs 3 (28.1) 0.1 (28.2) (7.7) (5.3) (2.3) (0.1) 0.1 (0.1) (20.5) (1.6) (1.8) (2.0) (21.0) 0.7 5.2 - Adjusted EBITDA 315.6 160.3 157.3 136.3 93.0 41.7 1.6 20.0 (20.0) 21.0 (50.3) 54.1 22.5 (12.1) 2.7 4.1 (2.0) Amortisation and depreciation (248.1) (85.6) (162.5) (40.5) (26.9) (13.4) (0.1) (7.1) 7.0 (122.0) (43.0) (50.5) (23.2) (0.2) (4.4) (0.7) - Interest income 20.9 3.3 17.6 3.4 0.9 2.4 - - 0.1 14.2 3.4 2.8 1.9 1.8 2.0 2.3 - Finance expense (124.4) (71.8) (40.5) (14.9) (130.8) (4.8) - (0.6) 121.3 (25.6) (8.1) (8.6) (5.1) (2.9) (2.5) 1.6 (12.1) Share-based payments (11.7) (1.4) (10.3) - - - - - - (10.3) - - - - (0.2) (10.1) - Net other 4 157.1 (0.5) 157.6 47.8 332.9 8.1 0.1 (0.6) (292.7) 109.8 (24.4) (5.4) (3.0) (5.1) (31.7) 179.4 - Non-underlying items 5 (223.8) (1.5) (222.3) (0.6) (0.6) - - - - (221.7) (163.2) 1.1 (12.1) (1.1) (0.3) (46.1) - Royalties (7.7) - (7.7) (10.5) (10.3) (0.2) - (2.1) 2.1 2.8 1.3 1.7 - (0.2) - - - Current taxation 5.3 18.0 (12.7) (18.9) (18.8) - - (3.5) 3.4 6.2 (0.4) (7.8) 0.1 - (0.2) 14.5 - Deferred taxation (80.3) (139.1) 58.8 (8.3) 3.1 (11.1) (0.3) (1.4) 1.4 67.1 54.5 21.8 8.3 - (10.0) (7.5) - Profit for the period (197.1) (118.3) (64.7) 93.8 242.5 22.7 1.3 4.7 (177.4) (158.5) (230.2) 9.2 (10.6) (19.8) (44.6) 137.5 (14.1) Attributable to: Owners of Sibanye-Stillwater (195.4) (118.3) (63.0) 93.7 242.5 22.7 1.2 4.7 (177.4) (156.7) (230.2) 9.2 (10.6) (19.8) (42.7) 137.4 (14.1) Non-controlling interests (1.7) - (1.7) 0.1 - - 0.1 - - (1.8) - - - - (1.9) 0.1 - Sustaining capital expenditure (60.4) (10.7) (49.7) (23.4) (16.5) (6.6) (0.3) (7.6) 7.6 (26.3) (10.4) (10.6) (4.2) - (1.1) - - Ore reserve development (128.7) (39.7) (89.0) (17.7) (17.7) - - - - (71.3) (27.6) (31.0) (12.7) - - - - Growth projects (97.6) (64.7) (32.9) (1.6) - - (1.6) - - (31.3) - (4.8) (0.1) - (22.9) (3.5) - Total capital expenditure (286.7) (115.1) (171.6) (42.7) (34.2) (6.6) (1.9) (7.6) 7.6 (128.9) (38.0) (46.4) (17.0) - (24.0) (3.5) - 1 Corporate and reconciling items represent the items to reconcile segment data to consolidated financial statement totals. This does not represent a separate segment as it does not generate mining revenue 2 The SA gold operations’ results for the six months ended 31 December 2018 include DRDGOLD for the five months since acquisition 3 Net other cash costs consist of care and maintenance and other costs as detailed in profit or loss 4 Net other consists of gain on financial instruments, gain on foreign exchange differences, and change in estimate of environmental rehabilitation obligation, and right of recovery receivable and payable as detailed in profit or loss. Corporate and reconciling items net other includes the share of results equity-accounted investees after tax as detailed in profit or loss. Driefontein, Kloof, DRDGOLD and SA gold corporate and reconciling items net other includes the gain and loss on exchange of Far West Gold Recoveries, which are eliminated 5 Non-underlying items consists of gain on disposal of property, plant and equipment, impairments, gain on derecognition of borrowings and derivative financial instrument, occupational healthcare expense, restructuring costs and transaction costs as detailed in profit or loss 6 The average exchange rate for the six months ended 31 December 2018 was R14.18/US$ Figures are in millions For the six months ended 30 Jun 2018 GROUP US OPERA- TIONS SA OPERATIONS SA rand Total Stillwater Total SA Operations Total SA PGM Rusten- burg Kroondal Platinum Mile Mimosa Cor- porate 1 Total SA gold Drie- Kloof Beatrix Cooke Cor- 1 Revenue 23,910.0 7,441.1 16,468.9 6,788.7 5,205.1 1,499.1 84.5 916.7 (916.7) 9,680.2 3,017.4 4,121.6 2,305.5 291.9 (56.2) Underground 18,285.0 3,531.5 14,753.5 6,232.4 4,733.3 1,499.1 - 916.7 (916.7) 8,521.1 2,787.7 3,534.5 2,251.2 3.9 (56.2) Surface 1,715.4 - 1,715.4 556.3 471.8 - 84.5 - - 1,159.1 229.7 587.1 54.3 288.0 - Recycling 3,909.6 3,909.6 - - - - - - - - - - - - - Cost of sales, before amortisation and depreciation (19,642.4) (5,553.6) (14,088.8) (5,716.1) (4,396.7) (1,255.7) (63.7) (583.9) 583.9 (8,372.7) (2,977.4) (3,165.6) (1,965.8) (263.9) - Underground (14,357.1) (1,766.7) (12,590.4) (5,265.2) (4,009.5) (1,255.7) - (583.9) 583.9 (7,325.2) (2,732.3) (2,653.9) (1,935.3) (3.7) - Surface (1,498.4) - (1,498.4) (450.9) (387.2) - (63.7) - - (1,047.5) (245.1) (511.7) (30.5) (260.2) - Recycling (3,786.9) (3,786.9) - - - - - - - - - - - - - Net other cash costs 2 (372.0) (0.1) (371.9) (71.5) (49.7) (21.0) (0.5) (6.7) 6.4 (300.4) (23.9) (20.1) (10.0) (274.0) 27.6 Adjusted EBITDA 3,895.6 1,887.4 2,008.2 1,001.1 758.7 222.4 20.3 326.1 (326.4) 1,007.1 16.1 935.9 329.7 (246.0) (28.6) Amortisation and depreciation (3,094.7) (1,024.8) (2,069.9) (501.4) (318.0) (180.2) (1.3) (90.5) 88.6 (1,568.5) (586.8) (659.8) (304.8) (3.0) (14.1) Interest income 191.3 37.3 154.0 36.6 7.5 27.1 1.3 0.1 0.6 117.4 45.5 32.1 13.5 16.2 10.1 Finance expense (1,384.2) (786.0) (598.2) (211.0) (148.0) (63.0) - (4.8) 4.8 (387.2) (117.8) (123.1) (70.6) (37.1) (38.6) Share-based payments (134.7) (16.6) (118.1) - - - - - - (118.1) (0.2) - - - (117.9) Net other 3 1,118.8 70.0 1,048.8 86.3 (55.8) 27.7 - (1.7) 116.1 962.5 (36.4) (35.6) (16.9) (35.8) 1,087.2 Non-underlying items 4 (325.4) (177.5) (147.9) (20.5) (21.3) 0.2 - - 0.6 (127.4) 1.9 11.9 3.6 (33.7) (111.1) Royalties (103.7) - (103.7) (20.9) (18.5) (2.4) - (28.9) 28.9 (82.8) (15.1) (48.4) (17.9) (1.5) 0.1 Current taxation (154.2) 0.2 (154.4) (27.8) (27.5) - - (53.5) 53.2 (126.6) 63.9 25.9 3.9 0.8 (221.1) Deferred taxation 69.5 43.2 26.3 (77.5) (52.5) (20.4) (5.1) (11.1) 11.6 103.8 186.6 21.7 17.6 - (122.1) Profit for the period 78.3 33.2 45.1 264.9 124.6 11.4 15.2 135.7 (22.0) (219.8) (442.3) 160.6 (41.9) (340.1) 443.9 Attributable to: Owners of Sibanye-Stillwater 76.7 33.2 43.5 263.6 124.6 11.4 13.9 135.7 (22.0) (220.1) (442.3) 160.6 (41.9) (340.1) 443.6 Non-controlling interests 1.6 - 1.6 1.3 - - 1.3 - - 0.3 - - - - 0.3 Sustaining capital expenditure (438.6) (110.7) (327.9) (143.5) (88.8) (49.9) (4.8) (65.7) 65.7 (184.4) (84.1) (75.4) (24.2) - (0.7) Ore reserve development (1,696.6) (439.6) (1,257.0) (226.7) (226.7) - - - - (1,030.3) (419.1) (397.9) (213.3) - - Growth projects (917.3) (667.7) (249.6) (34.0) (0.6) - (33.4) - - (215.6) (0.3) (72.7) (0.3) - (142.3) Total capital expenditure (3,052.5) (1,218.0) (1,834.5) (404.2) (316.1) (49.9) (38.2) (65.7) 65.7 (1,430.3) (503.5) (546.0) (237.8) - (143.0) For the six months ended 30 Jun 2018 GROUP US OPERA- TIONS SA OPERATIONS US dollars 5 Total Stillwater Total SA Operations Total SA PGM Rusten- burg Kroondal Platinum Mile Mimosa Cor- porate 1 Total SA gold Drie- Kloof Beatrix Cooke Cor- 1 Revenue 1,942.3 604.5 1,337.8 551.5 422.8 121.8 6.9 74.5 (74.5) 786.3 245.2 334.8 187.3 23.7 (4.7) Underground 1,485.3 286.9 1,198.4 506.3 384.5 121.8 - 74.5 (74.5) 692.1 226.5 287.1 182.9 0.3 (4.7) Surface 139.4 - 139.4 45.2 38.3 - 6.9 - - 94.2 18.7 47.7 4.4 23.4 - Recycling 317.6 317.6 - - - - - - - - - - - - - Cost of sales, before amortisation and depreciation (1,595.6) (451.1) (1,144.5) (464.4) (357.2) (102.0) (5.2) (47.4) 47.4 (680.1) (241.8) (257.2) (159.7) (21.4) - Underground (1,166.2) (143.5) (1,022.7) (427.7) (325.7) (102.0) - (47.4) 47.4 (595.0) (221.9) (215.6) (157.2) (0.3) - Surface (121.8) - (121.8) (36.7) (31.5) - (5.2) - - (85.1) (19.9) (41.6) (2.5) (21.1) - Recycling (307.6) (307.6) - - - - - - - - - - - - - Net other cash costs 2 (30.3) (0.1) (30.2) (5.8) (4.0) (1.7) (0.1) (0.6) 0.6 (24.4) (2.1) (1.6) (0.8) (22.3) 2.4 Adjusted EBITDA 316.4 153.3 163.1 81.3 61.6 18.1 1.6 26.5 (26.5) 81.8 1.3 76.0 26.8 (20.0) (2.3) Amortisation and depreciation (251.4) (83.2) (168.2) (40.7) (25.8) (14.6) (0.1) (7.4) 7.2 (127.5) (47.7) (53.6) (24.8) (0.2) (1.2) Interest income 15.5 3.0 12.5 2.9 0.6 2.2 0.1 - - 9.6 3.7 2.6 1.1 1.3 0.9 Finance expense (112.4) (63.9) (48.5) (17.1) (12.0) (5.1) - (0.4) 0.4 (31.4) (9.6) (10.0) (5.7) (3.0) (3.1) Share-based payments (10.9) (1.3) (9.6) - - - - - - (9.6) - - - - (9.6) Net other 3 91.0 5.7 85.3 7.1 (4.5) 2.3 - (0.1) 9.4 78.2 (3.0) (2.9) (1.4) (2.9) 88.4 Non-underlying items 4 (26.4) (14.4) (12.0) (1.7) (1.7) - - - - (10.3) 0.2 1.0 0.3 (2.7) (9.1) Royalties (8.4) - (8.4) (1.7) (1.5) (0.2) - (2.3) 2.3 (6.7) (1.2) (3.9) (1.5) (0.1) - Current taxation (12.5) - (12.5) (2.2) (2.2) - - (4.3) 4.3 (10.3) 5.2 2.1 0.3 0.1 (18.0) Deferred taxation 5.6 3.5 2.1 (6.4) (4.3) (1.7) (0.4) (0.9) 0.9 8.5 15.2 1.8 1.4 - (9.9) Profit for the period 6.5 2.7 3.8 21.5 10.2 1.0 1.2 11.1 (2.0) (17.7) (35.9) 13.1 (3.5) (27.5) 36.1 Attributable to: - - - - Owners of Sibanye-Stillwater 6.4 2.7 3.7 21.4 10.2 1.0 1.1 11.1 (2.0) (17.7) (35.9) 13.1 (3.5) (27.5) 36.1 Non-controlling interests 0.1 - 0.1 0.1 - - 0.1 - - - - - - - - Sustaining capital expenditure (35.7) (9.0) (26.7) (11.7) (7.2) (4.1) (0.4) (5.3) 5.3 (15.0) (6.8) (6.1) (2.0) - (0.1) Ore reserve development (137.9) (35.7) (102.2) (18.4) (18.4) - - - - (83.8) (34.1) (32.4) (17.3) - - Growth projects (74.4) (54.2) (20.2) (2.7) - - (2.7) - - (17.5) - (5.9) - - (11.6) Total capital expenditure (248.0) (98.9) (149.1) (32.8) (25.6) (4.1) (3.1) (5.3) 5.3 (116.3) (40.9) (44.4) (19.3) - (11.7) 1 Corporate and reconciling items represent the items to reconcile segment data to consolidated financial statement totals. This does not represent a separate segment as it does not generate mining revenue 2 Net other cash costs consist of care and maintenance and other costs as detailed in profit or loss 3 Net other consists of gain on financial instruments and gain on foreign exchange differences. Corporate and reconciling items net other includes the share of results equity-accounted investees after tax as detailed in profit or loss 4 Non-underlying items consists of gain on disposal of property, plant and equipment, impairments, occupational healthcare expense, restructuring costs and transaction costs as detailed in profit or loss 5 The average exchange rate for the six months ended 30 June 2018 was R12.31/US$

Basis of accounting and present

Basis of accounting and presentation (Details) R in Millions, $ in Millions	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Jan. 01, 2019ZAR (R)	Dec. 31, 2018ZAR (R)
Basis of accounting and preparation
Right-of-use assets	$ 27.1	R 382.3
Lease liabilities		392.7
IFRS 16
Basis of accounting and preparation
Right-of-use assets		R 302	R 302
Lease liabilities			R 302	R 302
US Region/ Stillwater | IFRS 16
Basis of accounting and preparation
Incremental borrowing rate (as a percent)			4.05%
South Africa Region [Member] | IFRS 16
Basis of accounting and preparation
Incremental borrowing rate (as a percent)			9.22%

Finance expense (Details)

Finance expense (Details) R in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Dec. 31, 2018USD ($)	Dec. 31, 2018ZAR (R)	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)	Jun. 30, 2019ZAR (R)	Dec. 31, 2018ZAR (R)	Jun. 30, 2018ZAR (R)
Finance expense
Borrowings - interest		R (676.5)		R (771.6)		R (800.9)
Borrowings - unwinding of amortised cost		(183.3)		(356.8)		(181.5)
Lease liabilities		(14.1)
Environmental rehabilitation obligation		(256.1)		(209.3)		(189.5)
Occupational healthcare obligation		(57.3)		(54.8)		(50.6)
Deferred payment		(89.5)		(100.2)		(100.2)
Dissenting shareholders		(10.5)		(25.2)		(42.9)
Deferred revenue		(149.4)		(160.3)
Other		(134.6)		(72.3)		(18.6)
Total finance expense	$ (110.7)	R (1,571.3)	$ (124.4)	(1,750.5)	$ (112.4)	(1,384.2)
Financing component, discount rate (as a percent)	5.40%	5.40%
US$600 million revolving credit facility (RCF)
Disclosure of detailed information about borrowings [line items]
Face amount of debt | $	$ 600		$ 600		600
Finance expense
Borrowings - interest		R (23.1)		(21.1)		(4.9)
Rand Facilities [Member]
Finance expense
Borrowings - interest		(267.8)		(287.4)		(280.6)
R6.0 billion revolving credit facility
Disclosure of detailed information about borrowings [line items]
Face amount of debt							R 6,000	R 6,000	R 6,000
R4.5 billion facilities
Disclosure of detailed information about borrowings [line items]
Face amount of debt							R 4,500	R 4,500	R 4,500
2022 and 2025 Notes
Finance expense
Borrowings - interest		(333.8)		(408.9)		(427.7)
Borrowings - unwinding of amortised cost		(23)		(169.2)		(27.5)
US$ Convertible Bond
Finance expense
Borrowings - interest		(51.8)		(54.2)		(51.7)
Borrowings - unwinding of amortised cost		(95.5)		(96.3)		(89.5)
US$350 million RCF
Disclosure of detailed information about borrowings [line items]
Face amount of debt | $					$ 350
Finance expense
Borrowings - interest						(36)
Burnstone Debt
Finance expense
Borrowings - unwinding of amortised cost		(62.6)		(88.4)		R (64.5)
Other
Finance expense
Borrowings - unwinding of amortised cost		R (2.2)		R (2.9)

(Loss)_gain on financial inst_3

(Loss)/gain on financial instruments (Details) R in Millions

Apr. 11, 2019ozcontract

Apr. 11, 2019ozitem

Apr. 11, 2019USD ($)oz

Apr. 11, 2019ZAR (R)oz

Jun. 30, 2019USD ($)

Jun. 30, 2019ZAR (R)

Dec. 31, 2018USD ($)

Dec. 31, 2018ZAR (R)

Jun. 30, 2018USD ($)

Jun. 30, 2018ZAR (R)

Jun. 30, 2019ZAR (R)

Apr. 11, 2019kg

Apr. 11, 2019USD ($)

(Loss)/gain on financial instruments

Total (loss)/gain on financial instruments

$ (37,700,000)

R (535.5)

$ 71,000,000

R 993.9

$ 57,700,000

R 710.2

Forward contract

(Loss)/gain on financial instruments

Financial liability

$ 5,500,000

R 78.3

Proceeds from Pre-payment of forward contract

$ 125,000,000

R 1,750

Number of ounces of gold

105,906

105,906

105,906

105,906

3,294

Number of forward contract delivery

4

4

Forward contract | Minimum

(Loss)/gain on financial instruments

Average Price | $

1,200

Forward contract | Maximum

(Loss)/gain on financial instruments

Average Price | $

1,323

Rand gold forward sale contracts

(Loss)/gain on financial instruments

Total (loss)/gain on financial instruments

(2.8)

(89.4)

(91.2)

Financial liability

R 164

Loss recognised on sale of forward contract

77.8

Unrealised gain (loss) on forward Contract

153.3

Derivative financial instrument

(Loss)/gain on financial instruments

Total (loss)/gain on financial instruments

(552.7)

(132)

810.1

Share-based payment obligations

(Loss)/gain on financial instruments

Total (loss)/gain on financial instruments

(10)

271.5

(21.6)

Foreign currency hedge

(Loss)/gain on financial instruments

Total (loss)/gain on financial instruments

(6.3)

31.6

Cash flow of the Burnstone Debt

(Loss)/gain on financial instruments

Total (loss)/gain on financial instruments

804.6

Cash flow of the Deferred Payment

(Loss)/gain on financial instruments

Total (loss)/gain on financial instruments

150.6

Other

(Loss)/gain on financial instruments

Total (loss)/gain on financial instruments

R 30

R (5.1)

R (18.7)

Mining and income tax (Details)

Mining and income tax (Details) R in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Dec. 31, 2018USD ($)	Dec. 31, 2018ZAR (R)	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)
Reconciliation of average effective tax rate and applicable tax rate [abstract]
Tax on loss/(profit) before tax at maximum South African statutory company tax rate		R 650.4		R 447.9		R (45.6)
South African mining tax formula rate adjustment		(261.4)		(97.2)		44.2
US statutory tax rate adjustment		67		33.9		(14.5)
Non-deductible finance expense		(25.7)		(118.2)
Non-deductible share-based payments		(39.4)		(43.3)		(35.6)
(Non-deductible loss)/non-taxable gain on fair value of financial instruments		(27.9)		171		(34.1)
(Non-deductible loss)/non-taxable gain on foreign exchange differences		(1.2)		244.1		6.2
Non-taxable share of results of equity-accounted investees		71.6		40.8		55.6
Non-deductible impairments		(24.2)		(122.7)		(0.5)
Non-taxable gain on acquisition		305.9
Non-deductible transaction costs		(26.9)		(110)
Tax adjustment in respect of prior periods				(46.6)		98
Net other non-taxable income and non-deductible expenditure		71.7		65.9		(2.1)
Change in estimated deferred tax rate		1,544		(1,295.2)
Deferred tax assets not recognised		(162.4)		(169.5)		(156.3)
Mining and income tax	$ 150.8	R 2,141.5	$ (75)	R (999.1)	$ (6.9)	R (84.7)

Earnings per share (Details)

Earnings per share (Details) R / shares in Units, $ / shares in Units, shares in Thousands, R in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)$ / sharesshares	Jun. 30, 2019ZAR (R)R / sharesshares	Dec. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2018ZAR (R)R / sharesshares	Jun. 30, 2018USD ($)shares	Jun. 30, 2018ZAR (R)R / sharesshares
Weighted average number of shares
Ordinary shares in issue ('000)	2,670,029	2,670,029	2,266,261	2,266,261	2,265,478	2,265,478
Bonus element of the capitalization issue ('000)					402	402
Adjustment for weighting of ordinary shares in issue ('000)	(328,462)	(328,462)	(273)	(273)	(4,127)	(4,127)
Weighted average number of shares ('000)	2,341,567	2,341,567	2,265,988	2,265,988	2,261,753	2,261,753
(Loss)/profit attributable to owners of Sibanye-Stillwater (SA rand million) | R		R (265.2)		R (2,576.3)		R 76.7
Basic earnings per share (EPS) (cents) | (per share)	$ (0.01)	R (0.11)	$ (0.09)	R (1.14)		R 0.03
Potential ordinary shares (000)					25,172	25,172
Diluted weighted average number of shares ('000)	2,341,567	2,341,567	2,265,988	2,265,988	2,286,925	2,286,925
Diluted basic EPS (cents) | (per share)	$ (0.01)	R (0.11)	$ (0.09)	R (1.14)		R 0.03
Loss/(gain) on disposal of property, plant and equipment	$ 0.3	R 4.9	$ (1.9)	R (28.4)	$ (2.6)	R (31.8)
Impairments	6.6	93.1	$ 224.9	2,981.8	$ 4.8	59.6
Gain on acquisition	$ (76.9)	(1,092.5)
Taxation effect of re-measurement items | R		(3.2)		(494.7)		(3.5)
Re-measurement items, net of tax attributable to non-controlling interests | R		(0.2)
Headline earnings | R		R (1,263.1)		R (117.6)		R 101
Headline EPS - cents | (per share)	$ (0.04)	R (0.54)		R (0.05)		R 0.04
Diluted headline EPS - cents | (per share)	$ (0.04)	R (0.54)		R (0.05)		R 0.04

Dividends - Dividend Policy (De

Dividends - Dividend Policy (Details) R in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Dec. 31, 2018USD ($)	Dec. 31, 2018ZAR (R)	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)
Disclosure of terms and conditions of share-based payment arrangement [line items]
(Loss)/profit attributable to the owners of Sibanye-Stillwater	$ (18.9)	R (265.2)	$ (195.4)	R (2,576.3)	$ 6.4	R 76.7
Adjusted for:
Loss/(gain) on financial instruments	37.7	535.5	(71)	(993.9)	(57.7)	(710.2)
(Gain)/loss on foreign exchange differences	(3.7)	(52.6)	(71.2)	(959)	(17.1)	(210.1)
Loss/(gain) on disposal of property, plant and equipment	0.3	4.9	(1.9)	(28.4)	(2.6)	(31.8)
Impairments	6.6	93.1	224.9	2,981.8	4.8	59.6
Gain on acquisition	(76.9)	(1,092.5)
Restructuring costs	44.6	633.2	3.1	48.4	7.7	94.4
Transaction costs	6.9	97.5	14.7	209.5	15.7	193
Gain on derecognition of borrowings				(230)
Occupational healthcare expense			0.4	5.2	0.8	10.2
Other		30.1		5.4		13.3
Tax effect of the items adjusted above		(295.3)		(527.9)		182.2
Change in estimated deferred tax rate		(1,544)		1,295.2
Share of results of equity-accounted investees after tax	$ (18)	(255.7)	$ (9.9)	(145.7)	$ (16.1)	(198.5)
Normalised earnings		(2,111)		R (915.7)		R (521.2)
SA Gold operations
Adjusted for:
Restructuring costs		386.4
Marikana operations
Adjusted for:
Restructuring costs for voluntary separation agreements		R 246.8
Minimum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Dividends percentage	25.00%	25.00%
Maximum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Dividends percentage	35.00%	35.00%

Acquisitions - Lonmin - Conside

Acquisitions - Lonmin - Consideration, costs (Details) $ in Millions	Jun. 10, 2019ZAR (R)	Apr. 25, 2019EquityInstruments	Nov. 21, 2018	Dec. 14, 2017EquityInstruments	Jun. 30, 2019ZAR (R)	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Dec. 31, 2018USD ($)	Dec. 31, 2018ZAR (R)	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)
Disclosure of detailed information about business combination [line items]
Acquisition related costs						$ 6.9	R 97,500,000	$ 14.7	R 209,500,000	$ 15.7	R 193,000,000
Lonmin
Disclosure of detailed information about business combination [line items]
Number of shares received per share | EquityInstruments		1		0.967
Moratorium period			6 months
Number of instruments or interests issued or issuable	290,394,531
Revenue contributed					R 1,369,000,000
Loss contributed					R 153,000,000
Consideration transferred, acquisition-date fair value	R 4,306,600,000
Acquisition related costs	R 213,500,000

Acquisitions - Lonmin - Assets_

Acquisitions - Lonmin - Assets/liabilities, goodwill (Details) R in Millions	Jun. 10, 2019USD ($)	Jun. 10, 2019ZAR (R)	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Jun. 10, 2019ZAR (R)	Dec. 31, 2018USD ($)	Dec. 31, 2018ZAR (R)	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)
IDENTIFIABLE ASSETS ACQUIRED AND LIABILITIES ASSUMED
Borrowings				R (2,605.7)
Gain on Acquisition
Goodwill			$ 489,000,000	R 6,894.2		$ 480,100,000	R 6,889.6	$ 510,700,000	R 7,012.2
Lonmin
IDENTIFIABLE ASSETS ACQUIRED AND LIABILITIES ASSUMED
Property, plant and equipment					R 3,527.1
Right-of-use assets					133.3
Other investments					269
Environmental rehabilitation obligation funds					299.2
Other non-current assets					517.3
Inventories					5,177.3
Trade and other receivables					946.6
Other current assets					15
Cash and cash equivalents					3,035
Lease liabilities					(133.3)
Environmental rehabilitation obligation and other provisions					(1,826.3)
Other non-current liabilities					(933)
Borrowings					(2,605.7)
Trade and other payables					(2,662.5)
Other current liabilities					(90.4)
Total fair value of identifiable net assets acquired					5,668.6
PGM (4E) basket price (R/oz) | $	$ 1,025
Palladium price (USD/oz) | $	1,170
Borrowing settled | $	$ 174,300,000
Gain on Acquisition
Consideration					4,306.6
Fair value of identifiable net assets acquired					(5,668.6)
Non-controlling interest, based on the proportionate interest in the recognised amounts of assets and liabilities					R 269.5
Gain on acquisition		R (1,092.5)
Proportion of ownership interests held by non-controlling interests	4.75%	4.75%
Marikana operations | Lonmin
IDENTIFIABLE ASSETS ACQUIRED AND LIABILITIES ASSUMED
Discount rate used in current estimate of value in use	13.50%				13.50%

Acquisitions - SFA Oxford (Deta

Acquisitions - SFA Oxford (Details) £ in Millions, $ in Millions	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Mar. 04, 2019	Dec. 31, 2018USD ($)	Dec. 31, 2018ZAR (R)	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)	Jun. 21, 2018GBP (£)	Jun. 21, 2018ZAR (R)
CONSIDERATION
Deferred payment (contingent consideration		R 50,000,000
Gain on Acquisition
Goodwill	$ 489	6,894,200,000		$ 480.1	R 6,889,600,000	$ 510.7	R 7,012,200,000
SFA Oxford Limited [Member]
Disclosure of detailed information about business combination [line items]
Percentage of control acquired			100.00%
CONSIDERATION
Upfront payment								£ 4	R 74,700,000
Gain on Acquisition
Consideration									127,100,000
Fair value of identifiable net assets acquired									(4,400,000)
Goodwill									R 122,700,000
Goodwill expected to be deductible for tax purposes		R 0
SFA Oxford Limited [Member] | Maximum
CONSIDERATION
Deferred payment (contingent consideration | £								£ 6

Right-of-use asset (Details)

Right-of-use asset (Details) - 6 months ended Jun. 30, 2019 R in Millions, $ in Millions	USD ($)	ZAR (R)
Right-of-use asset
Right-of-use asset acquired on acquisition of subsidiaries		R 133.3
Amortisation		(47.2)
Transfers and other movements		(5.7)
Foreign currency translation		(0.1)
Carrying value at end of the period	$ 27.1	382.3
IFRS 16
Right-of-use asset
Carrying value at end of the period		R 302

Equity accounted investments -

Equity accounted investments - Narrative and movement (Details) R in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Dec. 31, 2018USD ($)	Dec. 31, 2018ZAR (R)	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)
EQUITY-ACCOUNTED INVESTMENTS
Balance at the beginning of the period	$ 260.2	R 3,733.9	$ 195.5	R 2,683.7		R 2,244.1
Share of results of equity-accounted investees after tax	18	255.7	9.9	145.7	$ 16.1	198.5
Preference shares redeemed				(102.8)
Net loan advanced to equity-accounted investee				0.8		0.6
Equity-accounted investment retained on loss of control of subsidiary				956
Foreign currency translation		(55.7)		137.5		240.5
Balance at the end of the period	$ 272.4	3,840.8	$ 260.2	3,733.9	$ 195.5	2,683.7
Peregrine Metals Ltd. [Member]
EQUITY-ACCOUNTED INVESTMENTS
Balance at the beginning of the period		978
Balance at the end of the period		960.9		978
Rand Refinery
EQUITY-ACCOUNTED INVESTMENTS
Balance at the beginning of the period		239.3		264.9
Share of results of equity-accounted investees after tax		148.3		77.2		66.5
Balance at the end of the period		387.6		239.3		264.9
Mimosa
EQUITY-ACCOUNTED INVESTMENTS
Balance at the beginning of the period		2,492.4		2,389.2
Share of results of equity-accounted investees after tax		108		74.8		135.7
Dividend received		(66.5)		(87)
Balance at the end of the period		2,492.3		2,492.4		2,389.2
Living Gold Proprietary Limited
EQUITY-ACCOUNTED INVESTMENTS
Impairment of investment		(12.3)
Impairment of loan		(14.3)
Other equity-accounted investments
EQUITY-ACCOUNTED INVESTMENTS
Balance at the beginning of the period		24.2		29.6
Share of results of equity-accounted investees after tax		R (0.6)		(6.3)		(3.7)
Balance at the end of the period				R 24.2		R 29.6

Noncurrent assets held for sale

Noncurrent assets held for sale (Details) $ / shares in Units, R in Millions, $ in Millions, $ in Millions	Jun. 26, 2019CAD ($)$ / sharesshares	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Dec. 31, 2018USD ($)	Dec. 31, 2018ZAR (R)	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)
Assets And Liabilities Classified As Held For Sale [Line Items]
Property, plant and equipment		$ 4,023.8	R 56,735	$ 3,802	R 54,558.2	$ 3,875.1	R 53,204.7
Marathon project
Assets And Liabilities Classified As Held For Sale [Line Items]
Cash upfront payment to be received | $	$ 3
Shares received as consideration | shares	11,053,795
Percentage of equity interest received	12.90%
Share price of equity interest | $ / shares	$ 0.2714
Property, plant and equipment			120.7				1,270
Non-current assets held for sale			R 120.7				R 1,270
Marathon project | Gen Mining
Assets And Liabilities Classified As Held For Sale [Line Items]
Equity interest acquired	51.00%

Borrowings - Rollforward (Detai

Borrowings - Rollforward (Details) R in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Dec. 31, 2018USD ($)	Dec. 31, 2018ZAR (R)	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)	Jun. 30, 2019ZAR (R)	Dec. 31, 2018ZAR (R)	Jun. 30, 2018ZAR (R)
Disclosure of detailed information about borrowings [line items]
Balance at beginning of period		R 24,504.7		R 28,692.3		R 25,649.5
Borrowings on acquisition of subsidiary							R 2,605.7
Loans raised	$ 1,117	15,861.8	$ 643.7	9,127.4	$ 650.1	8,002.8
Loans repaid	(1,086)	(15,421.9)	(1,002.3)	(13,829.6)	(601.3)	(7,401.9)
Unwinding of amortised cost		183.3		356.8		181.5
Accrued interest (related to 2022 and 2025 Notes, and US$ Convertible Bond)		416.7		463.1		479.4
Accrued interest paid		(396.5)		(391.2)		(516)
Gain on derecognition of borrowings				(179.7)
Gain on the revised cash flow of the Burnstone Debt				(804.6)
(Gain)/loss on foreign exchange differences and foreign currency translation		(635.7)		1,070.2		2,297
Balance at end of period		27,118.1		24,504.7		28,692.3
US$600 million revolving credit facility (RCF)
Disclosure of detailed information about borrowings [line items]
Balance at beginning of period		2,726.5		1,757.5
Loans raised		8,491.1		3,478.2		1,913.4
Loans repaid		(4,671.6)		(2,459.5)		(285.2)
Balance at end of period		6,316.8		2,726.5		1,757.5
Face amount of debt | $	$ 600		$ 600		600
R6.0 billion revolving credit facility
Disclosure of detailed information about borrowings [line items]
Balance at beginning of period		5,896.4		5,896.4
Loans raised		520				360
Loans repaid		(3,370)
Balance at end of period		3,046.4		5,896.4		5,896.4
Face amount of debt							R 6,000	R 6,000	R 6,000
US$350 million RCF
Disclosure of detailed information about borrowings [line items]
Loans raised						580
Loans repaid						(1,779.6)
Face amount of debt | $					$ 350
2022 and 2025 Notes
Disclosure of detailed information about borrowings [line items]
Balance at beginning of period		9,808.7		14,022.2
Loans repaid				(5,107.4)
Unwinding of amortised cost		23		169.2		27.5
Balance at end of period		9,658.8		9,808.7		14,022.2
US$ Convertible Bond
Disclosure of detailed information about borrowings [line items]
Balance at beginning of period		4,496.6		4,939.7
Loans repaid				(745.2)
Unwinding of amortised cost		95.5		96.3		89.5
Balance at end of period		4,513.7		4,496.6		4,939.7
Burnstone Debt
Disclosure of detailed information about borrowings [line items]
Balance at beginning of period		1,145.1		1,780
Unwinding of amortised cost		62.6		88.4		64.5
Balance at end of period		1,187.5		1,145.1		1,780
Other
Disclosure of detailed information about borrowings [line items]
Balance at beginning of period		431.4		296.5
Loans raised		6,850.7		5,649.2		5,149.4
Loans repaid		(7,380.3)		(5,517.5)		(5,337.1)
Unwinding of amortised cost		2.2		2.9
Balance at end of period		R 2,394.9		R 431.4		R 296.5

Borrowings - Components (Detail

Borrowings - Components (Details) R in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Dec. 31, 2018USD ($)	Dec. 31, 2018ZAR (R)	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)	Jun. 30, 2019ZAR (R)	Dec. 31, 2018ZAR (R)	Jun. 30, 2018ZAR (R)	Dec. 31, 2017ZAR (R)
Disclosure of detailed information about borrowings [line items]
Total borrowings							R 27,118.1	R 24,504.7	R 28,692.3	R 25,649.5
Current portion of borrowings	$ (385.9)		$ (431.2)		$ (24.3)		(5,441.3)	(6,188.2)	(334.3)
Total non-current portion of non-current borrowings	1,537.4		1,276.4		2,065.4		21,676.8	18,316.5	28,358
DERIVATIVE FINANCIAL INSTRUMENT
Loss/(gain) on financial instruments	37.7	R 535.5	(71)	R (993.9)	(57.7)	R (710.2)
Gain on foreign exchange differences	(3.7)	(52.6)	(71.2)	(959)	(17.1)	(210.1)
Derivative financial instrument
DERIVATIVE FINANCIAL INSTRUMENT
Loss/(gain) on financial instruments		552.7		132		(810.1)
US$600 million revolving credit facility (RCF)
Disclosure of detailed information about borrowings [line items]
Face amount of debt | $	$ 600		$ 600		600
Total borrowings							6,316.8	2,726.5	1,757.5
R6.0 billion revolving credit facility
Disclosure of detailed information about borrowings [line items]
Face amount of debt							6,000	6,000	6,000
Total borrowings							3,046.4	5,896.4	5,896.4
US$350 million RCF
Disclosure of detailed information about borrowings [line items]
Face amount of debt | $					$ 350
2022 and 2025 Notes
Disclosure of detailed information about borrowings [line items]
Total borrowings							9,658.8	9,808.7	14,022.2
US$ Convertible Bond
Disclosure of detailed information about borrowings [line items]
Total borrowings							4,513.7	4,496.6	4,939.7
US$ Convertible Bond | Derivative financial instrument
DERIVATIVE FINANCIAL INSTRUMENT
Balance at beginning of the year		408.9		311.1		1,093.5
Loss/(gain) on financial instruments		552.7		132		(810.1)
Gain on derecognition of financial instruments				50.3
Gain on foreign exchange differences		(11)		16.1		27.7
Balance at end of the year		R 950.6		R 408.9		R 311.1
Burnstone Debt
Disclosure of detailed information about borrowings [line items]
Total borrowings							1,187.5	1,145.1	1,780
Other
Disclosure of detailed information about borrowings [line items]
Total borrowings							2,394.9	431.4	296.5
Uncommitted (short-term) facilities
Disclosure of detailed information about borrowings [line items]
Total borrowings							0.2	252.3	291
Lonmin facility
Disclosure of detailed information about borrowings [line items]
Total borrowings							2,389
DRDGOLD facility
Disclosure of detailed information about borrowings [line items]
Total borrowings								173.3
Franco-Nevada liability
Disclosure of detailed information about borrowings [line items]
Total borrowings							2	2	1.9
Stillwater Convertible Debentures
Disclosure of detailed information about borrowings [line items]
Total borrowings							3.7	3.8	3.6
R4.5 billion facilities
Disclosure of detailed information about borrowings [line items]
Face amount of debt							R 4,500	R 4,500	R 4,500

Borrowings - Capital management

Borrowings - Capital management (Details) R in Millions, $ in Millions	6 Months Ended						12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Dec. 31, 2018USD ($)	Dec. 31, 2018ZAR (R)	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)	Jun. 30, 2019ZAR (R)	Dec. 31, 2018ZAR (R)	Jun. 30, 2018ZAR (R)
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items]
Borrowings.		R 26,881.2		R 23,768.5		R 27,223.4	R 26,881.2	R 23,768.5	R 27,223.4
Cash and cash equivalents		5,970.1		2,499.4		2,066.7	5,970.1	2,499.4	2,066.7
Net debt		20,911.1		21,269.1		25,156.7	20,911.1	21,269.1	25,156.7
Adjusted EBITDA	$ 145.8	R 2,069.4	$ 315.6	R 4,473.8	$ 316.4	R 3,895.6	R 6,492.3	R 8,369.4	R 9,851
Actual leverage ratio		3.2		2.5		2.6	3.2	2.5	2.6
Leverage ratio maximum per covenant for the first specified period	3.5	3.5
Leverage ratio maximum per covenant for the second specified period	2.5	2.5
US$600 million revolving credit facility (RCF)
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items]
Bank borrowings		R 6,316.8					R 6,316.8
R6.0 billion revolving credit facility
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items]
Bank borrowings		3,046.4					3,046.4
2022 and 2025 Notes
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items]
Bank borrowings		9,878.5					9,878.5
US$ Convertible Bond
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items]
Bank borrowings		5,414.4					5,414.4
Burnstone Debt
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items]
Bank borrowings		2,508.4					2,508.4
Other
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items]
Bank borrowings		2,394.9					2,394.9
Within one year | R6.0 billion revolving credit facility
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items]
Bank borrowings		3,046.4					3,046.4
Within one year | Other
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items]
Bank borrowings		2,394.9					2,394.9
Between one and five years | US$600 million revolving credit facility (RCF)
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items]
Bank borrowings		6,316.8					6,316.8
Between one and five years | 2022 and 2025 Notes
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items]
Bank borrowings		4,987.2					4,987.2
Between one and five years | Burnstone Debt
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items]
Bank borrowings		104.6					104.6
After five years | 2022 and 2025 Notes
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items]
Bank borrowings		4,891.3					4,891.3
After five years | US$ Convertible Bond
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items]
Bank borrowings		5,414.4					5,414.4
After five years | Burnstone Debt
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items]
Bank borrowings		R 2,403.8					R 2,403.8

Borrowings - Reconciliation of

Borrowings - Reconciliation of EBITDA (Details) R in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Dec. 31, 2018USD ($)	Dec. 31, 2018ZAR (R)	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)
Borrowings
(Loss)/profit before royalties and tax	$ (155.5)	R (2,205.4)	$ (114.4)	R (1,491)	$ 21.8	R 266.7
Adjusted for:
Amortisation and depreciation	206	2,924.7	248.1	3,519.1	251.4	3,094.7
Interest income	(20.2)	(287.3)	(20.9)	(290.8)	(15.5)	(191.3)
Finance expense	110.7	1,571.3	124.4	1,750.5	112.4	1,384.2
Share-based payments	11.5	163	11.7	164.7	10.9	134.7
Loss/(gain) on financial instruments	37.7	535.5	(71)	(993.9)	(57.7)	(710.2)
(Gain)/loss on foreign exchange differences	(3.7)	(52.6)	(71.2)	(959)	(17.1)	(210.1)
Share of results of equity-accounted investees after tax	(18)	(255.7)	(9.9)	(145.7)	(16.1)	(198.5)
Change in estimates charged to profit or loss	(4.2)	(60.3)	(5)	(66.6)
Loss/(gain) on disposal of property, plant and equipment	0.3	4.9	(1.9)	(28.4)	(2.6)	(31.8)
Impairments	6.6	93.1	224.9	2,981.8	4.8	59.6
Gain on acquisition	(76.9)	(1,092.5)
Restructuring costs	44.6	633.2	3.1	48.4	7.7	94.4
Transaction costs	$ 6.9	97.5	14.7	209.5	15.7	193
Impact of IFRS 16		50.9
Gain on derecognition of borrowings and derivative instrument			(17.4)	(230)
Occupational healthcare expense			$ 0.4	5.2	$ 0.8	10.2
Adjusted post-adoption EBITDA		R 2,018.5		R 4,473.8		R 3,895.6

Lease liabilities (Details)

Lease liabilities (Details) - 6 months ended Jun. 30, 2019 R in Millions, $ in Millions	USD ($)	ZAR (R)	ZAR (R)
Disclosure of quantitative information about right-of-use assets [line items]
Lease liabilities on acquisition of subsidiaries		R 133.3
Repayment of lease liabilities	$ (3.6)	(50.9)
Interest charge		14.1
Transfers and other movements		(5.7)
Foreign currency translation		(0.1)
Balance at end of the period		392.7
Current portion of lease liabilities	(7.4)		R (104.9)
Non-current lease liabilities	$ 20.4		R 287.8
IFRS 16
Disclosure of quantitative information about right-of-use assets [line items]
Impact of adopting IFRS 16 on 1 January 2019		R 302

Other payables (Details)

Other payables (Details) $ / shares in Units, R in Millions, $ in Millions	Aug. 16, 2018shares	Aug. 29, 2017item	May 26, 2017shares	May 22, 2017shares	May 19, 2017shares	May 04, 2017item	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Dec. 31, 2018USD ($)	Dec. 31, 2018ZAR (R)	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)	May 28, 2018USD ($)$ / shares
Other Payables [Abstract]
Deferred payment								R 2,011.8		R 2,205.9		R 2,294.8
Contingent consideration								50
Right of recovery payable								87.1		83.2		72.5
Dissenting shareholder liability								292.5		287.1		1,450.6
Other								1,147.1		256.3		219.7
Other payables								3,588.5		2,832.5		4,037.6
Reconciliation of the non-current and current portion of the other payables
Other payables								3,588.5		2,832.5		4,037.6
Current portion of other payables							$ (47.5)	(669.5)	$ (21.1)	(303.3)	$ (3.1)	(41.9)
Non-current portion of other payables							$ 207	2,919	$ 176.3	R 2,529.2	$ 291	R 3,995.7
Lonmin and Pandora
Other Payables [Abstract]
Other payables								888.9
Reconciliation of the non-current and current portion of the other payables
Other payables								R 888.9
In re Appraisal of Stillwater Mining Company
Reconciliation of the non-current and current portion of the other payables
Number of petitions | item		3				3
Number of shares held by claimants | shares	5,419,523
Blue Mountain Credit Alternatives Master Fund L.P. et al. vs. Stillwater Mining Company
Reconciliation of the non-current and current portion of the other payables
Number of shares held by claimants | shares					4,219,523
Brigade Leveraged Capital Structures Fund Ltd. et al. vs. Stillwater Mining Company
Reconciliation of the non-current and current portion of the other payables
Number of shares held by claimants | shares				1,200,000
Hillary Shane Revocable Trust, et al. vs. Stillwater Mining Company
Reconciliation of the non-current and current portion of the other payables
Number of shares held by claimants | shares			384,000
Price offered per share | $ / shares													$ 18
Total settlement amount | $													$ 7

Deferred revenue (Details)

Deferred revenue (Details) R in Millions

Apr. 11, 2019ozcontract

Apr. 11, 2019ozitem

Apr. 11, 2019USD ($)oz

Apr. 11, 2019ZAR (R)oz

Jul. 31, 2018USD ($)

Jun. 30, 2019USD ($)

Jun. 30, 2019ZAR (R)

Dec. 31, 2018USD ($)

Dec. 31, 2018ZAR (R)

Jun. 30, 2019ZAR (R)

Apr. 11, 2019kg

Apr. 11, 2019USD ($)

Dec. 31, 2018ZAR (R)

Disclosure Of Contract Liabilities [Line Items]

Revenue from the prepayment

R 437.8

Balance at the beginning of the year

R 6,555.4

Deferred revenue recognised during the period

(213.4)

R (160.3)

Interest charge

149.4

160.3

Deferred revenue advance received

$ 500,000,000

$ 123,300,000

1,751.3

$ 495,100,000

6,555.4

Balance at end of the period

R 8,242.7

R 6,555.4

Current portion of deferred revenue

(152,200,000)

(2,100,000)

R (2,145.8)

R (30.1)

Non-current contract liabilities

432,400,000

$ 454,700,000

6,096.9

R 6,525.3

Forward contract

Disclosure Of Contract Liabilities [Line Items]

Proceeds from Pre-payment of forward contract

$ 125,000,000

R 1,750

Number of ounces of gold

105,906

105,906

105,906

105,906

3,294

Number of forward contract delivery

4

4

Financial liability

$ 5,500,000

R 78.3

Forward contract | Minimum

Disclosure Of Contract Liabilities [Line Items]

Average Price | $

1,200

Forward contract | Maximum

Disclosure Of Contract Liabilities [Line Items]

Average Price | $

1,323

Fair value of financial asset_3

Fair value of financial assets and financial liabilities and risk management (Details) - ZAR (R) R in Millions	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Environment rehabilitation obligation funds | Level 1
(Loss)/gain on financial instruments
Financial assets, at fair value	R 3,548.1	R 3,634	R 3,187.6
Environment rehabilitation obligation funds | Level 2
(Loss)/gain on financial instruments
Financial assets, at fair value	854.2	364.7	374.8
Trade receivables - PGM sales | Level 1
(Loss)/gain on financial instruments
Financial assets, at fair value	3,217.8	5,310.1	4,688.4
Rand gold forward sale contracts | Level 2
(Loss)/gain on financial instruments
Financial assets, at fair value			4.1
Other investments | Level 1
(Loss)/gain on financial instruments
Financial assets, at fair value	72.3	81.5
Other investments | Level 3
(Loss)/gain on financial instruments
Financial assets, at fair value	326.3	74.5
Derivative financial instrument | Level 2
(Loss)/gain on financial instruments
Financial liabilities, at fair value	950.6	408.8	311.1
Rand gold forward sale contracts | Level 2
(Loss)/gain on financial instruments
Financial liabilities, at fair value	R 164	R 240.8	R 134.8

Fair value of financial asset_4

Fair value of financial assets and financial liabilities and risk management - Working capital and going concern assessment (Details) R / shares in Units, $ in Millions

Apr. 17, 2019

Apr. 15, 2019ZAR (R)R / sharesshares

Apr. 11, 2019USD ($)

Apr. 11, 2019ZAR (R)

Jan. 01, 2019

Mar. 31, 2019ZAR (R)

Jun. 30, 2019USD ($)

Jun. 30, 2019ZAR (R)

Dec. 31, 2018USD ($)

Dec. 31, 2018ZAR (R)

Jun. 30, 2018USD ($)

Jun. 30, 2018ZAR (R)

Jun. 30, 2019ZAR (R)

Dec. 31, 2018ZAR (R)

Jun. 30, 2018ZAR (R)

Jun. 30, 2019ZAR (R)

Dec. 31, 2018ZAR (R)

Jun. 30, 2018ZAR (R)

Dec. 31, 2017USD ($)

Dec. 31, 2017ZAR (R)

Working capital and going concern assessment

Profit or loss

$ (13)

R (181,200,000)

$ (197.1)

R (2,599,000,000)

$ 6.5

R 78,300,000

Working capital

5,363,700,000

R 562,700,000

Assets less current liabilities

R 30,265,400,000

R 24,724,400,000

Cash from operating activities

93.6

R 1,327,200,000

731.7

9,863,400,000

189.7

2,333,800,000

Committed undrawn facilities

5,097,000,000

5,987,000,000

Cash and cash equivalents

$ 425.6

$ 177.6

$ 152.9

R 6,000,400,000

R 2,549,100,000

R 2,099,600,000

$ 166.9

R 2,062,400,000

Actual leverage ratio

3.2

2.5

2.6

3.2

2.5

2.6

Leverage ratio maximum per covenant for the first specified period

3.5

3.5

Leverage ratio maximum per covenant for the second specified period

2.5

2.5

Adjusted EBITDA

$ 145.8

R 2,069,400,000

$ 315.6

4,473,800,000

$ 316.4

3,895,600,000

R 6,492,300,000

R 8,369,400,000

R 9,851,000,000

Strike period

5 months

Value of shares for cash

R 1,700,000,000

RCF, maturing on 15 November 2019

Working capital and going concern assessment

Refinancing

R 6,000,000

US$600 million revolving credit facility (RCF)

Working capital and going concern assessment

Notional amount | $

600

600

600

R6.0 billion revolving credit facility

Working capital and going concern assessment

Notional amount

R 6,000,000,000

R 6,000,000,000

R 6,000,000,000

US Region/ Stillwater

Working capital and going concern assessment

Profit or loss

$ 171.6

R 2,437,100,000

$ (118.3)

(1,564,600,000)

2.7

33,200,000

Actual leverage ratio

3.2

2.5

3.2

2.5

Interest coverage ratio

4.7

4.7

4.9

Leverage ratio targeted maximum

4

4

Adjusted EBITDA

$ 208.4

R 2,959,100,000

$ 160.3

R 2,264,500,000

$ 153.3

R 1,887,400,000

Number of shares issued | shares

108,932,356

Par value per share | R / shares

R 0

Rustenburg operations

Working capital and going concern assessment

Refinement period

4 months

SA PGM operations

Working capital and going concern assessment

Actual leverage ratio

1

1

Wage negotiations term

3 years

3 years

Pipeline available for sale period

3 months

3 months

Drdgold Business unit

Working capital and going concern assessment

Adjusted EBITDA

R (3,114,000,000)

Forecast | Rustenburg operations

Working capital and going concern assessment

Adjusted EBITDA

R 0

Negative impact period

12 months

Forward contract

Working capital and going concern assessment

Proceeds from Pre-payment of forward contract

$ 125

R 1,750,000,000

Contingent liabilities (Details

Contingent liabilities (Details)	12 Months Ended
	Dec. 31, 2018item
Class Action Suits Alleging Violations Of US Securities Laws [Member]
Disclosure of contingent liabilities [line items]
Number of petitions	2

Events after the reporting pe_2

Events after the reporting period (Details) $ / shares in Units, R in Millions, $ in Millions	Aug. 21, 2019USD ($)$ / shares	Jul. 26, 2019ZAR (R)	Jul. 21, 2019ZAR (R)
Settlement in miners' silicosis class action
Events after the reporting period
Total settlement | R		R 5,000
Settlement cost | R			R 1,331.4
Delaware Court of Chancery rules in favour of Sibanye-Stillwater in dissenting shareholder action
Events after the reporting period
Cash consideration per share | $ / shares	$ 18
Percentage of interest held by dissenting shareholder	4.50%
Settlement, remaining liability | $	$ 21
Litigation provision adjustments | $	$ 0

Segment reporting (Details)

Segment reporting (Details) R in Millions, $ in Millions	6 Months Ended																	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2019R / $	Jun. 30, 2019$ / shares	Jun. 30, 2019	Jun. 30, 2019USD ($)	Jun. 30, 2019ZAR (R)	Dec. 31, 2018	Dec. 31, 2018R / $	Dec. 31, 2018$ / shares	Dec. 31, 2018	Dec. 31, 2018USD ($)	Dec. 31, 2018ZAR (R)	Jun. 30, 2018R / $	Jun. 30, 2018$ / shares	Jun. 30, 2018	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)	Jun. 30, 2019ZAR (R)	Dec. 31, 2018ZAR (R)	Jun. 30, 2018ZAR (R)
SEGMENT REPORTING
Revenue					$ 1,657.4	R 23,534.9					$ 1,883.7	R 26,746.4				$ 1,942.3	R 23,910
Cost of sales, before amortisation and depreciation					(1,455.1)	(20,662.1)					(1,540)	(21,872.8)				(1,595.6)	(19,642.4)
Net other cash costs					(56.5)	(803.4)					(28.1)	(399.8)				(30.3)	(372)
Amortisation and depreciation					(206)	(2,924.7)					(248.1)	(3,519.1)				(251.4)	(3,094.7)
Interest income					20.2	287.3					20.9	290.8				15.5	191.3
Finance expense					(110.7)	(1,571.3)					(124.4)	(1,750.5)				(112.4)	(1,384.2)
Share-based payments					(11.5)	(163)					(11.7)	(164.7)				(10.9)	(134.7)
Net other costs					(11.8)	(166.9)					157.1	2,165.2				91	1,118.8
Non-underlying items					18.5	263.8					(223.8)	(2,986.5)				(26.4)	(325.4)
Royalties					(8.3)	(117.3)					(7.7)	(108.9)				(8.4)	(103.7)
Current tax					(46.2)	(656.3)					5.3	58.9				(12.5)	(154.2)
Deferred tax					197	2,797.8					(80.3)	(1,058)				5.6	69.5
(Loss)/profit for the period					(13)	(181.2)					(197.1)	(2,599)				6.5	78.3
Adjusted EBITDA					145.8	2,069.4					315.6	4,473.8				316.4	3,895.6	R 6,492.3	R 8,369.4	R 9,851
(Loss)/profit for the period attributable to:
Owners of the parent					(18.9)	(265.2)					(195.4)	(2,576.3)				6.4	76.7
Non-controlling interests					5.9	84					(1.7)	(22.7)				0.1	1.6
Sustaining capital expenditure					(31.8)	(451.3)					(60.4)	(832.6)				(35.7)	(438.6)
Ore reserve development					(78.5)	(1,110.8)					(128.7)	(1,833.8)				(137.9)	(1,696.6)
Growth projects					(71.8)	(1,021.1)					(97.6)	(1,361.9)				(74.4)	(917.3)
Total capital expenditure					(182.1)	(2,583.2)					(286.7)	(4,028.3)				(248)	(3,052.5)
Average foreign exchange rate		14.20	14.20	14.20				14.18	14.18	14.18			12.31	12.31	12.31
Underground Mining Activities [Member]
SEGMENT REPORTING
Revenue					1,016	14,427.3					1,430.5	20,320.7				1,485.3	18,285
Cost of sales, before amortisation and depreciation					(858.5)	(12,188.9)					(1,118.4)	(15,891.6)				(1,166.2)	(14,357.1)
Surface Mining Activities [Member]
SEGMENT REPORTING
Revenue					211.2	2,998.6					208.7	2,892.6				139.4	1,715.4
Cost of sales, before amortisation and depreciation					(187.9)	(2,669.1)					(185.7)	(2,571.6)				(121.8)	(1,498.4)
Recycling Activities [Member]
SEGMENT REPORTING
Revenue					430.2	6,109					244.5	3,533.1				317.6	3,909.6
Cost of sales, before amortisation and depreciation					(408.7)	(5,804.1)					(235.9)	(3,409.6)				(307.6)	(3,786.9)
DRD Gold Segment [Member]
(Loss)/profit for the period attributable to:
Period of time for which results are included							5 years
Marikana operations
(Loss)/profit for the period attributable to:
Period of time for which results are included	1 year
South Africa Region [Member]
SEGMENT REPORTING
Revenue					863.2	12,257.3					1,291.4	18,341.4				1,337.8	16,468.9
Cost of sales, before amortisation and depreciation					(868.3)	(12,329.4)					(1,105.9)	(15,705.5)				(1,144.5)	(14,088.8)
Net other cash costs					(54.3)	(771.8)					(28.2)	(399.9)				(30.2)	(371.9)
Amortisation and depreciation					(129.1)	(1,832.4)					(162.5)	(2,309.5)				(168.2)	(2,069.9)
Interest income					16.1	229					17.6	244.9				12.5	154
Finance expense					(45.3)	(642.7)					(40.5)	(579.1)				(48.5)	(598.2)
Share-based payments					(9.9)	(140.2)					(10.3)	(145.6)				(9.6)	(118.1)
Net other costs					(11.8)	(167.3)					157.6	2,166.4				85.3	1,048.8
Non-underlying items					21.5	306.9					(222.3)	(2,953.3)				(12)	(147.9)
Royalties					(8.3)	(117.3)					(7.7)	(108.9)				(8.4)	(103.7)
Current tax					(32.7)	(465)					(12.7)	(179.2)				(12.5)	(154.4)
Deferred tax					88	1,249.8					58.8	780.9				2.1	26.3
(Loss)/profit for the period					(170.9)	(2,423.1)					(64.7)	(847.4)				3.8	45.1
Adjusted EBITDA					(59.4)	(843.9)					157.3	2,236				163.1	2,008.2
(Loss)/profit for the period attributable to:
Owners of the parent					(176.8)	(2,507.1)					(63)	(824.7)				3.7	43.5
Non-controlling interests					5.9	84					(1.7)	(22.7)				0.1	1.6
Sustaining capital expenditure					(27.1)	(385.1)					(49.7)	(683.1)				(26.7)	(327.9)
Ore reserve development					(37.2)	(524.7)					(89)	(1,274.5)				(102.2)	(1,257)
Growth projects					(5.4)	(78.9)					(32.9)	(455.6)				(20.2)	(249.6)
Total capital expenditure					(69.7)	(988.7)					(171.6)	(2,413.2)				(149.1)	(1,834.5)
South Africa Region [Member] | Underground Mining Activities [Member]
SEGMENT REPORTING
Revenue					652	9,258.7					1,082.7	15,448.8				1,198.4	14,753.5
Cost of sales, before amortisation and depreciation					(680.4)	(9,660.3)					(920.2)	(13,133.9)				(1,022.7)	(12,590.4)
South Africa Region [Member] | Surface Mining Activities [Member]
SEGMENT REPORTING
Revenue					211.2	2,998.6					208.7	2,892.6				139.4	1,715.4
Cost of sales, before amortisation and depreciation					(187.9)	(2,669.1)					(185.7)	(2,571.6)				(121.8)	(1,498.4)
South Africa Region [Member] | SA Gold operations
SEGMENT REPORTING
Revenue					423.8	6,018.3					698.3	9,976.5				786.3	9,680.2
Cost of sales, before amortisation and depreciation					(578.4)	(8,212.3)					(656.8)	(9,325.6)				(680.1)	(8,372.7)
Net other cash costs					(50)	(710.8)					(20.5)	(295.6)				(24.4)	(300.4)
Amortisation and depreciation					(78.5)	(1,115)					(122)	(1,736.5)				(127.5)	(1,568.5)
Interest income					7.8	111.6					14.2	198				9.6	117.4
Finance expense					(26.5)	(374.6)					(25.6)	(367.7)				(31.4)	(387.2)
Share-based payments					(9.9)	(140.2)					(10.3)	(145.6)				(9.6)	(118.1)
Net other costs					(11.2)	(159.8)					109.8	1,526.4				78.2	962.5
Non-underlying items					(36.4)	(513.9)					(221.7)	(2,944.1)				(10.3)	(127.4)
Royalties					(1.7)	(23.7)					2.8	32.2				(6.7)	(82.8)
Current tax					(12)	(171.2)					6.2	71.5				(10.3)	(126.6)
Deferred tax					90.6	1,286.9					67.1	896				8.5	103.8
(Loss)/profit for the period					(282.4)	(4,004.7)					(158.5)	(2,114.5)				(17.7)	(219.8)
Adjusted EBITDA					(204.6)	(2,904.8)					21	355.3				81.8	1,007.1
(Loss)/profit for the period attributable to:
Owners of the parent					(289.1)	(4,099.1)					(156.7)	(2,090.4)				(17.7)	(220.1)
Non-controlling interests					6.7	94.4					(1.8)	(24.1)					0.3
Sustaining capital expenditure					(5.5)	(77.3)					(26.3)	(362.2)				(15)	(184.4)
Ore reserve development					(19.5)	(273.9)					(71.3)	(1,023.3)				(83.8)	(1,030.3)
Growth projects					(5.2)	(75)					(31.3)	(431.9)				(17.5)	(215.6)
Total capital expenditure					(30.2)	(426.2)					(128.9)	(1,817.4)				(116.3)	(1,430.3)
South Africa Region [Member] | SA Gold operations | Underground Mining Activities [Member]
SEGMENT REPORTING
Revenue					233.5	3,315.7					528.2	7,636.1				692.1	8,521.1
Cost of sales, before amortisation and depreciation					(416.4)	(5,911.4)					(507.2)	(7,267.7)				(595)	(7,325.2)
South Africa Region [Member] | SA Gold operations | Surface Mining Activities [Member]
SEGMENT REPORTING
Revenue					190.3	2,702.6					170.1	2,340.4				94.2	1,159.1
Cost of sales, before amortisation and depreciation					(162)	(2,300.9)					(149.6)	(2,057.9)				(85.1)	(1,047.5)
South Africa Region [Member] | SA PGM operations
SEGMENT REPORTING
Revenue					439.4	6,239					593.1	8,364.9				551.5	6,788.7
Cost of sales, before amortisation and depreciation					(289.9)	(4,117.1)					(449.1)	(6,379.9)				(464.4)	(5,716.1)
Net other cash costs					(4.3)	(61)					(7.7)	(104.3)				(5.8)	(71.5)
Amortisation and depreciation					(50.6)	(717.4)					(40.5)	(573)				(40.7)	(501.4)
Interest income					8.3	117.4					3.4	46.9				2.9	36.6
Finance expense					(18.8)	(268.1)					(14.9)	(211.4)				(17.1)	(211)
Net other costs					(0.6)	(7.5)					47.8	640				7.1	86.3
Non-underlying items					57.9	820.8					(0.6)	(9.2)				(1.7)	(20.5)
Royalties					(6.6)	(93.6)					(10.5)	(141.1)				(1.7)	(20.9)
Current tax					(20.7)	(293.8)					(18.9)	(250.7)				(2.2)	(27.8)
Deferred tax					(2.6)	(37.1)					(8.3)	(115.1)				(6.4)	(77.5)
(Loss)/profit for the period					111.5	1,581.6					93.8	1,267.1				21.5	264.9
Adjusted EBITDA					145.2	2,060.9					136.3	1,880.7				81.3	1,001.1
(Loss)/profit for the period attributable to:
Owners of the parent					112.3	1,592					93.7	1,265.7				21.4	263.6
Non-controlling interests					(0.8)	(10.4)					0.1	1.4				0.1	1.3
Sustaining capital expenditure					(21.6)	(307.8)					(23.4)	(320.9)				(11.7)	(143.5)
Ore reserve development					(17.7)	(250.8)					(17.7)	(251.2)				(18.4)	(226.7)
Growth projects					(0.2)	(3.9)					(1.6)	(23.7)				(2.7)	(34)
Total capital expenditure					(39.5)	(562.5)					(42.7)	(595.8)				(32.8)	(404.2)
South Africa Region [Member] | SA PGM operations | Underground Mining Activities [Member]
SEGMENT REPORTING
Revenue					418.5	5,943					554.5	7,812.7				506.3	6,232.4
Cost of sales, before amortisation and depreciation					(264)	(3,748.9)					(413)	(5,866.2)				(427.7)	(5,265.2)
South Africa Region [Member] | SA PGM operations | Surface Mining Activities [Member]
SEGMENT REPORTING
Revenue					20.9	296					38.6	552.2				45.2	556.3
Cost of sales, before amortisation and depreciation					(25.9)	(368.2)					(36.1)	(513.7)				(36.7)	(450.9)
US Region/ Stillwater
SEGMENT REPORTING
Revenue					797.4	11,323.4					594.3	8,431.7				604.5	7,441.1
Cost of sales, before amortisation and depreciation					(586.8)	(8,332.7)					(434.1)	(6,167.3)				(451.1)	(5,553.6)
Net other cash costs					(2.2)	(31.6)					0.1	0.1				(0.1)	(0.1)
Amortisation and depreciation					(76.9)	(1,092.3)					(85.6)	(1,209.6)				(83.2)	(1,024.8)
Interest income					4.1	58.3					3.3	45.9				3	37.3
Finance expense					(54.9)	(779.2)					(71.8)	(1,011.1)				(63.9)	(786)
Share-based payments					(1.6)	(22.8)					(1.4)	(19.1)				(1.3)	(16.6)
Net other costs						0.4					(0.5)	(1.2)				5.7	70
Non-underlying items					(3)	(43.1)					(1.5)	(33.2)				(14.4)	(177.5)
Current tax					(13.5)	(191.3)					18	238.1					0.2
Deferred tax					109	1,548					(139.1)	(1,838.9)				3.5	43.2
(Loss)/profit for the period					171.6	2,437.1					(118.3)	(1,564.6)				2.7	33.2
Adjusted EBITDA					208.4	2,959.1					160.3	2,264.5				153.3	1,887.4
(Loss)/profit for the period attributable to:
Owners of the parent					171.6	2,437.1					(118.3)	(1,564.6)				2.7	33.2
Sustaining capital expenditure					(4.7)	(66.2)					(10.7)	(149.5)				(9)	(110.7)
Ore reserve development					(41.3)	(586.1)					(39.7)	(559.3)				(35.7)	(439.6)
Growth projects					(66.4)	(942.2)					(64.7)	(906.3)				(54.2)	(667.7)
Total capital expenditure					(112.4)	(1,594.5)					(115.1)	(1,615.1)				(98.9)	(1,218)
US Region/ Stillwater | Underground Mining Activities [Member]
SEGMENT REPORTING
Revenue					367.2	5,214.4					349.8	4,898.6				286.9	3,531.5
Cost of sales, before amortisation and depreciation					(178.1)	(2,528.6)					(198.2)	(2,757.7)				(143.5)	(1,766.7)
US Region/ Stillwater | Recycling Activities [Member]
SEGMENT REPORTING
Revenue					430.2	6,109					244.5	3,533.1				317.6	3,909.6
Cost of sales, before amortisation and depreciation					(408.7)	(5,804.1)					(235.9)	(3,409.6)				(307.6)	(3,786.9)
Operating segments | South Africa Region [Member] | Driefontein
SEGMENT REPORTING
Revenue					20.9	296.9					140.8	2,093.8				245.2	3,017.4
Cost of sales, before amortisation and depreciation					(131.3)	(1,864.4)					(189.5)	(2,731.9)				(241.8)	(2,977.4)
Net other cash costs					(9.9)	(141)					(1.6)	(26.3)				(2.1)	(23.9)
Amortisation and depreciation					(15.2)	(215.5)					(43)	(614.1)				(47.7)	(586.8)
Interest income					1.5	20.9					3.4	48.8				3.7	45.5
Finance expense					(9.8)	(139.2)					(8.1)	(117.1)				(9.6)	(117.8)
Share-based payments																	(0.2)
Net other costs					0.8	10.8					(24.4)	(326.4)				(3)	(36.4)
Non-underlying items					(13.5)	(192.2)					(163.2)	(2,159.5)				0.2	1.9
Royalties					(0.1)	(1.9)					1.3	16.5				(1.2)	(15.1)
Current tax											(0.4)					5.2	63.9
Deferred tax					32.9	467.2					54.5	736.3				15.2	186.6
(Loss)/profit for the period					(123.7)	(1,758.4)					(230.2)	(3,079.9)				(35.9)	(442.3)
Adjusted EBITDA					(120.3)	(1,708.5)					(50.3)	(664.4)				1.3	16.1
(Loss)/profit for the period attributable to:
Owners of the parent					(123.7)	(1,758.4)					(230.2)	(3,079.9)				(35.9)	(442.3)
Sustaining capital expenditure					(1.3)	(18.5)					(10.4)	(144)				(6.8)	(84.1)
Ore reserve development					(5.8)	(81.4)					(27.6)	(398)				(34.1)	(419.1)
Growth projects												(0.1)					(0.3)
Total capital expenditure					(7.1)	(99.9)					(38)	(542.1)				(40.9)	(503.5)
Operating segments | South Africa Region [Member] | Driefontein | Underground Mining Activities [Member]
SEGMENT REPORTING
Revenue					20.8	295.2					134.7	1,994.7				226.5	2,787.7
Cost of sales, before amortisation and depreciation					(130.4)	(1,851.2)					(185)	(2,654.4)				(221.9)	(2,732.3)
Operating segments | South Africa Region [Member] | Driefontein | Surface Mining Activities [Member]
SEGMENT REPORTING
Revenue					0.1	1.7					6.1	99.1				18.7	229.7
Cost of sales, before amortisation and depreciation					(0.9)	(13.2)					(4.5)	(77.5)				(19.9)	(245.1)
Operating segments | South Africa Region [Member] | Kloof
SEGMENT REPORTING
Revenue					190.7	2,708					279.4	4,010.1				334.8	4,121.6
Cost of sales, before amortisation and depreciation					(220.4)	(3,128.6)					(223.5)	(3,199.2)				(257.2)	(3,165.6)
Net other cash costs					(7.6)	(108.9)					(1.8)	(24.7)				(1.6)	(20.1)
Amortisation and depreciation					(39.8)	(564.9)					(50.5)	(719)				(53.6)	(659.8)
Interest income					1.5	21.6					2.8	39.9				2.6	32.1
Finance expense					(9.8)	(138.9)					(8.6)	(122.8)				(10)	(123.1)
Net other costs					0.8	11.5					(5.4)	(74.7)				(2.9)	(35.6)
Non-underlying items					(2.9)	(41.3)					1.1	15.3				1	11.9
Royalties					(1)	(14.1)					1.7	19.4				(3.9)	(48.4)
Current tax											(7.8)	(101.2)				2.1	25.9
Deferred tax					22.1	313.6					21.8	291.4				1.8	21.7
(Loss)/profit for the period					(66.4)	(942)					9.2	134.5				13.1	160.6
Adjusted EBITDA					(37.3)	(529.5)					54.1	786.2				76	935.9
(Loss)/profit for the period attributable to:
Owners of the parent					(66.4)	(942)					9.2	134.5				13.1	160.6
Sustaining capital expenditure					(2)	(27.7)					(10.6)	(145.2)				(6.1)	(75.4)
Ore reserve development					(10.6)	(148.8)					(31)	(441.7)				(32.4)	(397.9)
Growth projects					(2)	(29)					(4.8)	(69.1)				(5.9)	(72.7)
Total capital expenditure					(14.6)	(205.5)					(46.4)	(656)				(44.4)	(546)
Operating segments | South Africa Region [Member] | Kloof | Underground Mining Activities [Member]
SEGMENT REPORTING
Revenue					145.3	2,063.3					236.9	3,403.4				287.1	3,534.5
Cost of sales, before amortisation and depreciation					(178.4)	(2,532.3)					(188.6)	(2,698.3)				(215.6)	(2,653.9)
Operating segments | South Africa Region [Member] | Kloof | Surface Mining Activities [Member]
SEGMENT REPORTING
Revenue					45.4	644.7					42.5	606.7				47.7	587.1
Cost of sales, before amortisation and depreciation					(42)	(596.3)					(34.9)	(500.9)				(41.6)	(511.7)
Operating segments | South Africa Region [Member] | Beatrix
SEGMENT REPORTING
Revenue					73.9	1,049.4					160.2	2,295.8				187.3	2,305.5
Cost of sales, before amortisation and depreciation					(116)	(1,646.8)					(135.7)	(1,945)				(159.7)	(1,965.8)
Net other cash costs					(9.3)	(133)					(2)	(27.2)				(0.8)	(10)
Amortisation and depreciation					(14.7)	(209.1)					(23.2)	(330.5)				(24.8)	(304.8)
Interest income					0.5	7.5					1.9	26.5				1.1	13.5
Finance expense					(5.9)	(83.5)					(5.1)	(73)				(5.7)	(70.6)
Net other costs					0.5	6.9					(3)	(40.9)				(1.4)	(16.9)
Non-underlying items					(8.7)	(123.4)					(12.1)	(160.2)				0.3	3.6
Royalties					(0.4)	(5.7)						(0.9)				(1.5)	(17.9)
Current tax											0.1	1.6				0.3	3.9
Deferred tax					17.6	249.6					8.3	110.2				1.4	17.6
(Loss)/profit for the period					(62.5)	(888.1)					(10.6)	(143.6)				(3.5)	(41.9)
Adjusted EBITDA					(51.4)	(730.4)					22.5	323.6				26.8	329.7
(Loss)/profit for the period attributable to:
Owners of the parent					(62.5)	(888.1)					(10.6)	(143.6)				(3.5)	(41.9)
Sustaining capital expenditure					(1.5)	(21)					(4.2)	(58.4)				(2)	(24.2)
Ore reserve development					(3.1)	(43.7)					(12.7)	(183.6)				(17.3)	(213.3)
Growth projects						(0.7)					(0.1)	(1.4)					(0.3)
Total capital expenditure					(4.6)	(65.4)					(17)	(243.4)				(19.3)	(237.8)
Operating segments | South Africa Region [Member] | Beatrix | Underground Mining Activities [Member]
SEGMENT REPORTING
Revenue					61.3	870					154.5	2,216.6				182.9	2,251.2
Cost of sales, before amortisation and depreciation					(107)	(1,518.8)					(132.9)	(1,905.7)				(157.2)	(1,935.3)
Operating segments | South Africa Region [Member] | Beatrix | Surface Mining Activities [Member]
SEGMENT REPORTING
Revenue					12.6	179.4					5.7	79.2				4.4	54.3
Cost of sales, before amortisation and depreciation					(9)	(128)					(2.8)	(39.3)				(2.5)	(30.5)
Operating segments | South Africa Region [Member] | Cooke
SEGMENT REPORTING
Revenue					26.6	376.6					39.9	549.9				23.7	291.9
Cost of sales, before amortisation and depreciation					(19.7)	(280.2)					(31)	(429.5)				(21.4)	(263.9)
Net other cash costs					(18.9)	(267.4)					(21)	(299.4)				(22.3)	(274)
Amortisation and depreciation					(0.5)	(7.5)					(0.2)	(2.7)				(0.2)	(3)
Interest income					1.5	20.8					1.8	25.5				1.3	16.2
Finance expense					(2.6)	(36.8)					(2.9)	(41)				(3)	(37.1)
Net other costs					(2.2)	(31.9)					(5.1)	(70.4)				(2.9)	(35.8)
Non-underlying items					(0.1)	(2.1)					(1.1)	(16.9)				(2.7)	(33.7)
Royalties					(0.2)	(2)					(0.2)	(2.7)				(0.1)	(1.5)
Current tax																0.1	0.8
(Loss)/profit for the period					(16.1)	(230.5)					(19.8)	(287.2)				(27.5)	(340.1)
Adjusted EBITDA					(12)	(171)					(12.1)	(179)				(20)	(246)
(Loss)/profit for the period attributable to:
Owners of the parent					(16.1)	(230.5)					(19.8)	(287.2)				(27.5)	(340.1)
Operating segments | South Africa Region [Member] | Cooke | Underground Mining Activities [Member]
SEGMENT REPORTING
Revenue					0.7	9.4					3.2	42				0.3	3.9
Cost of sales, before amortisation and depreciation					(0.6)	(9.1)					(0.7)	(9.3)				(0.3)	(3.7)
Operating segments | South Africa Region [Member] | Cooke | Surface Mining Activities [Member]
SEGMENT REPORTING
Revenue					25.9	367.2					36.7	507.9				23.4	288
Cost of sales, before amortisation and depreciation					(19.1)	(271.1)					(30.3)	(420.2)				(21.1)	(260.2)
Operating segments | South Africa Region [Member] | DRD Gold Segment [Member]
SEGMENT REPORTING
Revenue					106.3	1,509.6					79.1	1,047.5
Cost of sales, before amortisation and depreciation					(91)	(1,292.3)					(77.1)	(1,020)
Net other cash costs					(0.5)	(7.3)					0.7	8.7
Amortisation and depreciation					(6.2)	(87.9)					(4.4)	(57.9)
Interest income					2.1	30.1					2	26.1
Finance expense					(2.9)	(41.8)					(2.5)	(33)
Share-based payments					(1.3)	(18.2)					(0.2)	(3.2)
Net other costs					5	70.8					(31.7)	(419.1)
Non-underlying items					0.3	4.1					(0.3)	(4.6)
Current tax					0.3	4.8					(0.2)	(3)
Deferred tax					(1.4)	(20.5)					(10)	(132)
(Loss)/profit for the period					10.7	151.4					(44.6)	(590.5)
Adjusted EBITDA					14.8	210					2.7	36.2
(Loss)/profit for the period attributable to:
Owners of the parent					4	57.6					(42.7)	(565.8)
Non-controlling interests					6.7	93.8					(1.9)	(24.7)
Sustaining capital expenditure					(0.7)	(10.1)					(1.1)	(14.5)
Growth projects					(2)	(28.1)					(22.9)	(303.3)
Total capital expenditure					(2.7)	(38.2)					(24)	(317.8)
Operating segments | South Africa Region [Member] | DRD Gold Segment [Member] | Surface Mining Activities [Member]
SEGMENT REPORTING
Revenue					106.3	1,509.6					79.1	1,047.5
Cost of sales, before amortisation and depreciation					(91)	(1,292.3)					(77.1)	(1,020)
Operating segments | South Africa Region [Member] | Kroondal
SEGMENT REPORTING
Revenue					160	2,272.2					148.9	2,085.3				121.8	1,499.1
Cost of sales, before amortisation and depreciation					(102.7)	(1,458.7)					(104.9)	(1,483.7)				(102)	(1,255.7)
Net other cash costs					(3)	(42)					(2.3)	(31.7)				(1.7)	(21)
Amortisation and depreciation					(17.5)	(248.6)					(13.4)	(190.2)				(14.6)	(180.2)
Interest income					2.2	30.6					2.4	33.2				2.2	27.1
Finance expense					(5.1)	(73)					(4.8)	(67.5)				(5.1)	(63)
Net other costs					(0.3)	(4.3)					8.1	109.9				2.3	27.7
Non-underlying items						(0.1)						0.2					0.2
Royalties					(0.2)	(3.2)					(0.2)	(3.1)				(0.2)	(2.4)
Current tax					(7)	(99.4)
Deferred tax					(2.6)	(36.9)					(11.1)	(148.5)				(1.7)	(20.4)
(Loss)/profit for the period					23.8	336.6					22.7	303.9				1	11.4
Adjusted EBITDA					54.3	771.5					41.7	569.9				18.1	222.4
(Loss)/profit for the period attributable to:
Owners of the parent					23.8	336.6					22.7	303.9				1	11.4
Sustaining capital expenditure					(5.4)	(76.5)					(6.6)	(91.5)				(4.1)	(49.9)
Total capital expenditure					(5.4)	(76.5)					(6.6)	(91.5)				(4.1)	(49.9)
Operating segments | South Africa Region [Member] | Kroondal | Underground Mining Activities [Member]
SEGMENT REPORTING
Revenue					160	2,272.2					148.9	2,085.3				121.8	1,499.1
Cost of sales, before amortisation and depreciation					(102.7)	(1,458.7)					(104.9)	(1,483.7)				(102)	(1,255.7)
Operating segments | South Africa Region [Member] | Platinum Mile
SEGMENT REPORTING
Revenue					10.5	148.8					8	112.2				6.9	84.5
Cost of sales, before amortisation and depreciation					(7.3)	(103.9)					(6.3)	(89)				(5.2)	(63.7)
Net other cash costs					(0.9)	(12.9)					(0.1)	(0.7)				(0.1)	(0.5)
Amortisation and depreciation					(0.2)	(2.3)					(0.1)	(1.7)				(0.1)	(1.3)
Interest income						0.1										0.1	1.3
Net other costs						0.4					0.1	0.7
Deferred tax					(0.6)	(8.5)					(0.3)	(4.1)				(0.4)	(5.1)
(Loss)/profit for the period					1.5	21.7					1.3	17.4				1.2	15.2
Adjusted EBITDA					2.3	32					1.6	22.5				1.6	20.3
(Loss)/profit for the period attributable to:
Owners of the parent					1.4	19.9					1.2	16				1.1	13.9
Non-controlling interests					0.1	1.8					0.1	1.4				0.1	1.3
Sustaining capital expenditure					(0.5)	(7.8)					(0.3)	(4.7)				(0.4)	(4.8)
Growth projects					(0.2)	(3.2)					(1.6)	(23.7)				(2.7)	(33.4)
Total capital expenditure					(0.7)	(11)					(1.9)	(28.4)				(3.1)	(38.2)
Operating segments | South Africa Region [Member] | Platinum Mile | Surface Mining Activities [Member]
SEGMENT REPORTING
Revenue					10.5	148.8					8	112.2				6.9	84.5
Cost of sales, before amortisation and depreciation					(7.3)	(103.9)					(6.3)	(89)				(5.2)	(63.7)
Operating segments | South Africa Region [Member] | Mimosa
SEGMENT REPORTING
Revenue					78.3	1,111.5					65.8	940.8				74.5	916.7
Cost of sales, before amortisation and depreciation					(48.4)	(686.6)					(45.9)	(651.8)				(47.4)	(583.9)
Net other cash costs					(0.5)	(8)					0.1					(0.6)	(6.7)
Amortisation and depreciation					(7)	(98.9)					(7.1)	(101.1)				(7.4)	(90.5)
Interest income					0.1	0.8											0.1
Finance expense					(0.8)	(11.5)					(0.6)	(8.2)				(0.4)	(4.8)
Net other costs					(6.6)	(94.2)					(0.6)	(7.5)				(0.1)	(1.7)
Non-underlying items					(1.3)	(18.9)
Royalties					(2.7)	(37.7)					(2.1)	(28.7)				(2.3)	(28.9)
Current tax					(3.3)	(47.2)					(3.5)	(49.9)				(4.3)	(53.5)
Deferred tax					(0.1)	(1.3)					(1.4)	(18.8)				(0.9)	(11.1)
(Loss)/profit for the period					7.7	108					4.7	74.8				11.1	135.7
Adjusted EBITDA					29.4	416.9					20	289				26.5	326.1
(Loss)/profit for the period attributable to:
Owners of the parent					7.7	108					4.7	74.8				11.1	135.7
Sustaining capital expenditure					(11.7)	(165.6)					(7.6)	(105.2)				(5.3)	(65.7)
Total capital expenditure					(11.7)	(165.6)					(7.6)	(105.2)				(5.3)	(65.7)
Operating segments | South Africa Region [Member] | Mimosa | Underground Mining Activities [Member]
SEGMENT REPORTING
Revenue					78.3	1,111.5					65.8	940.8				74.5	916.7
Cost of sales, before amortisation and depreciation					(48.4)	(686.6)					(45.9)	(651.8)				(47.4)	(583.9)
Operating segments | South Africa Region [Member] | Rustenburg operations
SEGMENT REPORTING
Revenue					172.5	2,448.8					436.2	6,167.4				422.8	5,205.1
Cost of sales, before amortisation and depreciation					(94)	(1,334.3)					(337.9)	(4,807.2)				(357.2)	(4,396.7)
Net other cash costs					(3.2)	(44.7)					(5.3)	(71.4)				(4)	(49.7)
Amortisation and depreciation					(31.1)	(442)					(26.9)	(379.1)				(25.8)	(318)
Interest income					2.9	41.7					0.9	12.7				0.6	7.5
Finance expense					(49.6)	(704.5)					(130.8)	(1,742.6)				(12)	(148)
Net other costs					(0.3)	(4.1)					332.9	4,403.8				(4.5)	(55.8)
Non-underlying items					0.1	1.1					(0.6)	(9.4)				(1.7)	(21.3)
Royalties					(5.9)	(83.1)					(10.3)	(138)				(1.5)	(18.5)
Current tax					(11)	(155.9)					(18.8)	(249.9)				(2.2)	(27.5)
Deferred tax					0.4	5.4					3.1	37				(4.3)	(52.5)
(Loss)/profit for the period					(19.2)	(271.6)					242.5	3,223.3				10.2	124.6
Adjusted EBITDA					75.3	1,069.8					93	1,288.8				61.6	758.7
(Loss)/profit for the period attributable to:
Owners of the parent					(19.2)	(271.6)					242.5	3,223.3				10.2	124.6
Sustaining capital expenditure					(9)	(128.1)					(16.5)	(224.7)				(7.2)	(88.8)
Ore reserve development					(17.7)	(250.8)					(17.7)	(251.2)				(18.4)	(226.7)
Growth projects																	(0.6)
Total capital expenditure					(26.7)	(378.9)					(34.2)	(475.9)				(25.6)	(316.1)
Operating segments | South Africa Region [Member] | Rustenburg operations | Underground Mining Activities [Member]
SEGMENT REPORTING
Revenue					162.1	2,301.6					405.6	5,727.4				384.5	4,733.3
Cost of sales, before amortisation and depreciation					(75.4)	(1,070)					(308.1)	(4,382.5)				(325.7)	(4,009.5)
Operating segments | South Africa Region [Member] | Rustenburg operations | Surface Mining Activities [Member]
SEGMENT REPORTING
Revenue					10.4	147.2					30.6	440				38.3	471.8
Cost of sales, before amortisation and depreciation					(18.6)	(264.3)					(29.8)	(424.7)				(31.5)	(387.2)
Operating segments | South Africa Region [Member] | Marikana operations
SEGMENT REPORTING
Revenue					96.4	1,369.2
Cost of sales, before amortisation and depreciation					(85.9)	(1,220.2)
Net other cash costs					2.8	39.4
Amortisation and depreciation					(1.6)	(22.2)
Interest income					3.1	44.2
Finance expense					(4.1)	(58.8)
Net other costs					(6.4)	(90.5)
Non-underlying items					57.8	820.9
Royalties					(0.5)	(7.3)
Current tax					(2.7)	(38.2)
Deferred tax						0.2
(Loss)/profit for the period					58.9	836.7
Adjusted EBITDA					13.3	188.4
(Loss)/profit for the period attributable to:
Owners of the parent					59.8	848.9
Non-controlling interests					(0.9)	(12.2)
Sustaining capital expenditure					(6.7)	(95.4)
Growth projects						(0.7)
Total capital expenditure					(6.7)	(96.1)
Operating segments | South Africa Region [Member] | Marikana operations | Underground Mining Activities [Member]
SEGMENT REPORTING
Revenue					96.4	1,369.2
Cost of sales, before amortisation and depreciation					(85.9)	(1,220.2)
Material reconciling items [member]
SEGMENT REPORTING
Revenue					(3.2)	(45.8)					(2)	(26.7)
Finance expense					(10.5)	(149.4)					(12.1)	(160.3)
(Loss)/profit for the period					(13.7)	(195.2)					(14.1)	(187)
Adjusted EBITDA					(3.2)	(45.8)					(2)	(26.7)
(Loss)/profit for the period attributable to:
Owners of the parent					(13.7)	(195.2)					(14.1)	(187)
Material reconciling items [member] | Underground Mining Activities [Member]
SEGMENT REPORTING
Revenue					(3.2)	(45.8)					(2)	(26.7)
Material reconciling items [member] | South Africa Region [Member] | SA Gold operations
SEGMENT REPORTING
Revenue					5.4	77.8					(1.1)	(20.6)				(4.7)	(56.2)
Net other cash costs					(3.8)	(53.2)					5.2	73.3				2.4	27.6
Amortisation and depreciation					(2.1)	(30.1)					(0.7)	(12.3)				(1.2)	(14.1)
Interest income					0.7	10.7					2.3	31.2				0.9	10.1
Finance expense					4.5	65.6					1.6	19.2				(3.1)	(38.6)
Share-based payments					(8.6)	(122)					(10.1)	(142.4)				(9.6)	(117.9)
Net other costs					(16.1)	(227.9)					179.4	2,457.9				88.4	1,087.2
Non-underlying items					(11.5)	(159)					(46.1)	(618.2)				(9.1)	(111.1)
Royalties												(0.1)					0.1
Current tax					(12.3)	(176)					14.5	174.1				(18)	(221.1)
Deferred tax					19.4	277					(7.5)	(109.9)				(9.9)	(122.1)
(Loss)/profit for the period					(24.4)	(337.1)					137.5	1,852.2				36.1	443.9
Adjusted EBITDA					1.6	24.6					4.1	52.7				(2.3)	(28.6)
(Loss)/profit for the period attributable to:
Owners of the parent					(24.4)	(337.7)					137.4	1,851.6				36.1	443.6
Non-controlling interests						0.6					0.1	0.6					0.3
Sustaining capital expenditure												(0.1)				(0.1)	(0.7)
Growth projects					(1.2)	(17.2)					(3.5)	(58)				(11.6)	(142.3)
Total capital expenditure					(1.2)	(17.2)					(3.5)	(58.1)				(11.7)	(143)
Material reconciling items [member] | South Africa Region [Member] | SA Gold operations | Underground Mining Activities [Member]
SEGMENT REPORTING
Revenue					5.4	77.8					(1.1)	(20.6)				(4.7)	(56.2)
Material reconciling items [member] | South Africa Region [Member] | SA PGM operations
SEGMENT REPORTING
Revenue					(78.3)	(1,111.5)					(65.8)	(940.8)				(74.5)	(916.7)
Cost of sales, before amortisation and depreciation					48.4	686.6					45.9	651.8				47.4	583.9
Net other cash costs					0.5	7.2					(0.1)	(0.5)				0.6	6.4
Amortisation and depreciation					6.8	96.6					7	99.1				7.2	88.6
Interest income											0.1	1					0.6
Finance expense					40.8	579.7					121.3	1,606.9				0.4	4.8
Net other costs					13	185.2					(292.7)	(3,866.9)				9.4	116.1
Non-underlying items					1.3	17.8											0.6
Royalties					2.7	37.7					2.1	28.7				2.3	28.9
Current tax					3.3	46.9					3.4	49.1				4.3	53.2
Deferred tax					0.3	4					1.4	19.3				0.9	11.6
(Loss)/profit for the period					38.8	550.2					(177.4)	(2,352.3)				(2)	(22)
Adjusted EBITDA					(29.4)	(417.7)					(20)	(289.5)				(26.5)	(326.4)
(Loss)/profit for the period attributable to:
Owners of the parent					38.8	550.2					(177.4)	(2,352.3)				(2)	(22)
Sustaining capital expenditure					11.7	165.6					7.6	105.2				5.3	65.7
Total capital expenditure					11.7	165.6					7.6	105.2				5.3	65.7
Material reconciling items [member] | South Africa Region [Member] | SA PGM operations | Underground Mining Activities [Member]
SEGMENT REPORTING
Revenue					(78.3)	(1,111.5)					(65.8)	(940.8)				(74.5)	(916.7)
Cost of sales, before amortisation and depreciation					$ 48.4	R 686.6					$ 45.9	R 651.8				$ 47.4	R 583.9