Investing in precious metals is often precarious, especially internationally. Leveraged player Sibanye-Stillwater (SBGL) has been hit with substantial pressure within its South African gold operations as the company deals with a trifecta of problems: political and regulatory whiplash, perceived mine safety risk after a litany of worker deaths, and increasing all-in sustaining costs ("AISC"). This all comes at a time when the company is struggling to digest a multitude of acquisitions, raising focus from the market on the debt load.
Concerns today are vastly overblown. Rather than making a directional call on underlying