Report of Foreign Issuer (6-k)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rules 13a-16 or 15d-16 under

the Securities Exchange Act of 1934

Dated May 18, 2017

File Number: 001-35785

SIBANYE GOLD LIMITED

(Translation of registrant’s name into English)

Libanon Business Park

1 Hospital Street (off Cedar Avenue)

Libanon, Westonaria, 1780

South Africa

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F

Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
_____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
_____

Directors: Sello Moloko* (Chairman) Neal Froneman (CEO) Charl Keyter (CFO) Chris Chadwick* Robert Chan* Timothy Cumming*

Barry Davison* Rick Menell* Nkosemntu Nika* Keith Rayner* Sue van der Merwe* Jerry Vilakazi* Jiyu Yuan*

Cain Farrel (Corporate Secretary) (*Non-Executive)

www.sibanyegold.co.za

Sibanye Gold Limited

Reg. 2002/031431/06

Business Address:

Libanon Business Park

1 Hospital Street

(Off Cedar Ave)

Libanon, Westonaria, 1780

Postal Address:

Private Bag X5

Westonaria, 1780

Tel +27 11 278 9600

Fax +27 11 278 9863

MARKET RELEASE

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY

OR INDIRECTLY, IN OR INTO AUSTRALIA, JAPAN OR ANY JURISDICTION WHERE TO DO
SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAW OR REGULATION

Final terms of a fully underwritten renounceable rights offer of approximately U.S.$1
billion (the "Rights Offer")

1. INTRODUCTION

Westonaria, 18 May 2017: Sibanye Gold Limited (“Sibanye” and/or the “Group”) shareholders are

referred to the announcement by Sibanye, released on the stock exchange news service (“SENS”)
on Thursday, 11 May 2017 and published in the South African press on Friday, 12 May 2017(the

“Declaration Announcement”), which included the declaration information relating to the

proposed renounceable rights offer by the Company of approximately U.S.$1 billion (the “Rights
Offer”).

The Group is pleased to announce that its board of directors (the “Board”) has finalised the terms

of the Rights Offer, the salient terms of which are set out below.

SALIENT TERMS OF THE RIGHTS OFFER

Terms used but not defined herein shall have the meanings ascribed to such terms in the Rights Offer

Circular (as defined below).

Rights Offer

Sibanye offers to qualifying shareholders registered in the

Sibanye share register on Friday, 26 May 2017 (the “Record

Date”), and their qualifying renouncees, a total of 1,195,787,294
shares in the issued share capital of Sibanye (the “Rights Offer

Shares”) for subscription, upon the terms and conditions set out
in a circular to shareholders (the “Rights Offer Circular”) dated

18 May 2017, relating to the Rights Offer and in the Form of

Instruction attached to the Rights Offer Circular, by way of
renounceable Share Rights on the basis of 9 Rights Offer Shares

for every 7 existing Sibanye shares held by qualifying
shareholders at the close of trade on the Record Date for the

Rights Offer (“Existing Shares”). The Rights Offer is fully

underwritten, subject to customary terms and conditions.

Only whole numbers of Rights Offer Shares will be issued and

qualifying shareholders will be entitled to subscribe for rounded
numbers of Rights Offer Shares. Fractional entitlements of 0.5 or

greater will be rounded up and of less than 0.5 will be rounded

down.

Rights Offer Shares
Exercise Period

The Rights Offer will open at 09:00 (CAT) on Monday, 29 May
2017, and will close at 12:00 (CAT) on Friday, 9 June 2017.

Rights Offer Subscription
Price

R11.28 per Rights Offer Share (equivalent to U.S.$0.86 on May 17,
2017 using an exchange rate of R13.15 per U.S. dollar (as

published by Bloomberg at approximately 15:00(CAT) on that
date)). The aforementioned Rights Offer Subscription Price

represents a discount of (i) 40% to the theoretical ex-rights price

of Existing Shares on Wednesday, 17 May 2017; (ii) 60% to the
closing price of Existing Shares on Wednesday, 17 May 2017;

and (iii) approximately 62% to the prevailing 30-day VWAP of
the Existing Shares as at the Last Practicable Date.

Unexercised Share Rights

If payment is not received on or before 12:00 (CAT) on Friday, 9
June 2017, the day of the closing of the Rights Offer, the

qualifying shareholder or renouncee concerned will be

deemed to have declined the offer to acquire Rights Offer
Shares pursuant to the Rights Offer and the Rights Offer

entitlement of such shareholder or renouncee will lapse. See the
Rights Offer Circular for further details.

Excess Applications

All Rights Offer Shares not taken up pursuant to the terms of the
Rights Offer will be available for allocation to qualifying

shareholders who wish to apply for a greater number of Rights
Offer Shares than those offered to them in terms of the Rights

Offer.

Excess Rights Offer Shares (if any) will be allocated in
accordance with the allocation principles set out in in the Rights

Offer Circular.

ISIN

Share Rights: ZAE000243572

Share Rights Code: SGLN

Shareholder helpline

+27 (0) 861 100 634

An announcement will be released on SENS on or about Monday, 12 June 2017 and published in
the South African media on Tuesday, 13 June 2017 stating the results of the Rights Offer and the

basis of allocation of any additional Rights Offer Shares for which application is made.

Sibanye has filed a registration statement and a prospectus supplement with the U.S. Securities

and Exchange Commission (the “SEC”) regarding the Rights Offer. U.S. shareholders and American
Depositary Share (“ADS”) holders should read these documents and other documents Sibanye will

file and has filed with the SEC which may be accessed by visiting EDGAR on the SEC web site at

http://www.sec.gov

or on Sibanye’s website at

https://www.sibanyegold.co.za/investors/transactions/stillwater-acquisition/rights-offer

UNDERWRITING

The Group has entered into an underwriting agreement with Citigroup Global Markets Limited, HSBC

Bank plc, J.P. Morgan Securities plc, Morgan Stanley & Co. International plc and Rand Merchant

Bank (a division of FirstRand Bank Limited) (together, the “Underwriters”), pursuant to which the
Underwriters have severally agreed, subject to customary terms and conditions, to underwrite any

Rights Offer Shares not subscribed for pursuant to the Rights Offer. (including pursuant to excess
applications).

EXPRESSIONS OF INTENT

Gold One, which holds approximately 19.9% of Sibanye’s shares, has expressed in writing to Sibanye
its intention to exercise the Share Rights allocated to it under the terms of the Rights Offer.

FULFILMENT OF CONDITIONS PRECEDENT

The conditions precedent to the Rights Offer, as specified in the Declaration Announcement, have
all been fulfilled. Accordingly, the Rights Offer is unconditional and may now be implemented.

SALIENT DATES AND TIMES OF THE RIGHTS OFFER

Shareholders are advised that there have been no changes to the salient dates and times of the

Rights Offer as set out in the Declaration Announcement.

No transfers of Sibanye shares will be permitted between the London and Johannesburg registers
from Friday, 19 May 2017 until Friday, 26 May 2017, both days inclusive. The ADS depositary will close

Sibanye’s ADS programme for issuances and cancellations between 24 May 2017 and 30 May 2017.

DOCUMENTATION

The Rights Offer Circular providing full details of the Rights Offer will be available on Sibanye’s

website later today at

https://www.sibanyegold.co.za/investors/transactions/stillwater-

acquisition/rights-offer

and will be posted, together with a form of instruction where applicable, to

qualifying shareholders located outside of the Australia and Japan, or any other jurisdiction where

such distribution would be unlawful, on Tuesday, 23 May 2017.

Copies of the Rights Offer Circular can be obtained during normal business hours from the opening

of the Rights Offer to the closing of the Rights Offer at the registered office of Sibanye: 1 Hospital
Street, Libanon, Westonaria 1780; at the offices of the Transaction Sponsor: J.P. Morgan Equities

South Africa (Pty) Ltd, 1 Fricker Road, Illovo, 2196; and at the offices of the Transfer Secretaries:
Computershare Investor Services Proprietary Limited, Rosebank Towers, 15 Biermann Avenue,

Rosebank, Johannesburg, 2196.

Ends.

Investor relations contact:

James Wellsted

SVP Investor Relations

Sibanye Gold Limited
+27 83 453 4014

james.wellsted@sibanyegold.co.za

Sponsor: J.P. Morgan Equities South Africa Proprietary Limited

Joint Global Co-ordinators, Joint Bookrunners and Underwriters:

Citigroup Global Markets Limited (“Citi”)
HSBC Bank plc (“HSBC”)

J.P. Morgan Securities plc (“J.P. Morgan”)
Morgan Stanley & Co. International plc (“Morgan Stanley”)

Rand Merchant Bank (a division of FirstRand Bank Limited) (“RMB”)

Legal advisers to Sibanye:

Linklaters LLP
ENSAfrica

Legal advisers to the Joint Global Co-ordinators:
Shearman & Sterling (London) LLP

Bowman Gilfillan Inc.

NOTICE TO RECIPIENTS
This announcement is not for distribution, directly or indirectly, in or into Australia or Japan or any jurisdiction where to do
so would constitute a violation of applicable law or regulation.

This announcement includes “forward-looking statements” within the meaning of the “safe harbour” provisions of the
United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of
words such as “target”, “will”, “forecast”, “expect”, “potential”, “intend”, “estimate”, “anticipate”, “can” and other similar
expressions that predict or indicate future events or trends or that are not statements of historical matters. In this
announcement, for example, statements related to expected timings of the rights offer, are forward-looking statements.
The forward-looking statements set out in this announcement involve a number of known and unknown risks, uncertainties
and other factors, many of which are difficult to predict and generally beyond the control of Sibanye, that could cause
Sibanye’s actual results and outcomes to be materially different from historical results or from any future results expressed
or implied by such forward-looking statements. These forward-looking statements speak only as of the date of this
presentation. Sibanye undertakes no obligation to update publicly or release any revisions to these forward-looking
statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of
unanticipated events, save as required by applicable law.

Each of the Underwriters are acting exclusively for the Group and no one else in connection with the Rights Offer. They
will not regard any other person (whether or not a recipient of this announcement) as their respective clients in relation to

the Rights Offer and will not be responsible to anyone other than the Group for providing the protections afforded to their
respective clients nor for giving advice in relation to the Rights Offer or any transaction or arrangement referred to herein.

No representation or warranty, express or implied, is made by any of the Underwriters as to the accuracy, completeness
or verification of the information set forth in this announcement, and nothing contained in this announcement is, or shall
be relied upon as, a promise or representation in this respect, whether as to the past or the future. None of the Underwriters
assumes any responsibility for the accuracy, completeness or verification of the information set forth in this announcement
and, accordingly, disclaim each of the Underwriters, to the fullest extent permitted by applicable law, any and all liability
which they might otherwise be found to have in respect of this announcement or any such statement.

Prospectus; No Offer or Solicitation
Sibanye has filed a registration statement (including a prospectus) and may file a prospectus supplement with the
Securities and Exchange Commission (the Rights Offer. Before you invest, you should read the prospectus in that
registration statement, the prospectus supplement and other documents Sibanye will file and has filed with the SEC for
more complete information about Sibanye and the Rights Offer. You may get these documents, when available, for free
by visiting EDGAR on the SEC web site at www.sec.gov or by visiting Sibanye’s website at www.sibanyegold.co.za.
Alternatively, Sibanye, any Underwriter or any dealer participating in the Rights Offer will arrange to send you the
registration statement, prospectus and prospectus supplement, when available, if you request it by calling toll-free (800)
322-2885 or by e-mailing rightsoffer@mackenziepartners.com. This announcement is for information purposes only and
does not constitute: (i) an offer to sell, or a solicitation of offers to purchase or subscribe for, securities in the United States
or any other jurisdiction; or (ii) investment advice in any jurisdiction relating to the securities discussed herein.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its

behalf by the undersigned, thereunto duly authorised.

SIBANYE GOLD LIMITED

Dated: May 18, 2017

By:

/s/ Charl Keyter

Name:

Charl Keyter

Title:

Chief Financial Officer

This regulatory filing also includes additional resources:
sibanye_release.pdf