Posted in company, funds, sectors, tickers

Gold Margin’s Pin

Sibanye Gold Ltd (SBGL) closed up 2.2% at $8.41 after the gold miner plans to raise $1 billion through a rights issue, and so redirect its risk strategy and bullion reliance. The company based in South Africa is now acquiring U.S. platinum producer Stillwater Mining Co (SWC), and pending funds would repay a portion of a $2.65 billion loan facility.

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