By Michael Susin

Sibanye-Stillwater Ltd. said Thursday that it has launched a new operational plan for its U.S. platinum group metals operations to reflect the change in the macro environment.

The Johannesburg-listed precious metals miner said that it currently targets a production growth to 700,000 ounces by 2027.

The company added that the new plan will focus on a sustainable cost management--known as all-in sustaining cost--below $1,000 per ounce equivalent in medium and long-term.

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

August 11, 2022 08:36 ET (12:36 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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