Attention Sibanye Stillwater Limited Investors: Company Investigated by the Portnoy Law Firm
Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, March 11, 2024 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises Sibanye Stillwater Limited (“Sibanye” or the “Company”) (NYSE: SBSW) investors that the law firm has initiated an investigation on behalf of investors that lost money on their Sibanye stock. Sibanye investors are encouraged to contact the firm to discuss their legal rights.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
On February 21, 2024, Sibanye released a press release that served as a production update and trading statement for the year 2023. In this update, Sibanye revealed a significant drop in its profit for 2023, with a decrease of up to 91%, mainly due to a considerable fall in the prices of platinum group metals (PGM). The company also reported impairments amounting to 47.45 billion rand (about $2.5 billion), attributing this to the decline in metal prices and operational issues at its U.S. PGM and South African gold operations, as well as at its Sandouville nickel refinery in France.
Following the release of this information, the price of Sibanye’s American Depositary Receipt (ADR) decreased by $0.32 per ADR, or 6.96%, ending the day at $4.38 per ADR on February 21, 2024.
Please visit our website to review more information and submit your transaction information.
The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
[email protected]
310-692-8883
www.portnoylaw.com
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