• JSE: SSW R49.07 +0.00%
  • NYSE:SBSW $12.26 +1.41%
  • GOLD:US$/oz $4,601.89 +0.21%
  • GOLD:ZAR/kg R2,366,173 +0.49%
  • PLATINUM:US$/oz $1,857.20 +0.69%
  • PALLADIUM:US$/oz $1,324.00 +0.76%
  • RHODIUM:US$/oz $8,850.00 +0.00%
  • ZAR:US$ R15.99 +0.28%
  • Last updated: Aug 27, 2026 at 10:08pm
US PGM Operations

US PGM operations

In the Americas, our two platinum group metal (PGM) operations, Stillwater and East Boulder, are located in Montana, in the United States (US). These operations extract and process PGM ore from the J-M Reef, the only known significant source of PGMs in the US and the highest grade PGM deposit in the world. They produce primarily palladium and platinum (78% Palladium and 22% Platinum), which are referred to as 2E PGMs. We also own and operate the Columbus Metallurgical Complex, situated in the town of Colombus, Montana, which smelts material mined to produce PGM-rich filter cake and recycles autocatalysts to recover PGMs.

Sibanye-Stillwater also has non-managed interests in a PGM exploration project – Marathon (12.14%) in Canada – and one copper-gold exploration project in Argentina, Altar (31.47%).

2025 PGM primary production:

284,069 2Eoz


2E PGM Mineral Reserves at 31 December 2025:

19.4Moz


2E PGM mineral resources at 31 December 2025:

81.6Moz

References

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The Stillwater River, Montana

Environment

We work to avoid, minimise and mitigate any negative impacts to the environmental around our operations.

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PGM operations, South Africa

SA PGM operations

Our South African operations mine from both the UG2 and the Merensky reefs of the Bushveld complex.

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Robotic sampling at the Columbus metallurgical facility, US PGM operations

Innovation and technology

We invest in digitisation and innovative technologies to make the future of mining safer, more efficient and more sustainable.

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