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South African mining tycoon Neal Froneman has seen a sharp increase in the market value of his stake in Sibanye-Stillwater, the Johannesburg-based precious metals producer known for its platinum, palladium, and gold operations.
Froneman holds 3,384,904 shares in Sibanye-Stillwater, the company he led for several years before stepping down as chief executive. So far this year, his stake has surged by R112.41 million ($6.54 million), from R50.71 million ($2.95 million) to R163.12 million ($9.48 million).
Sibanye-Stillwater shares surge 221 percent so far in 2025
Sibanye-Stillwater has cemented its position as a major player in the global mining industry. Sibanye-Stillwater is the world’s largest primary producer of platinum, the second-largest producer of palladium, and ranks third in global gold output.
Its shares have gained more than 221 percent since the start of the year, rising from R14.98 ($0.87) on Jan. 1 to R48.19 ($2.8). The sharp rally has lifted its market capitalization to more than $7.5 billion, reinforcing its standing among Africa’s top mining groups.
After months of operational difficulties and volatile commodity prices, the increase highlights the market's renewed optimism regarding Sibanye-Stillwater's performance.
Sibanye-Stillwater rises on PGM recovery
The recovery of Sibanye-Stillwater is indicative of rising sentiment in the precious metals industry. After a tumultuous period, the prices of platinum and palladium have begun to level off, while gold is still rising due to investor demand in the face of global economic uncertainty.
Neal Froneman's increasing stake value thus underscores not only the company's recovery but also the renewed hope in South Africa's mining sector, which is still regarded as a major engine of the country's economy despite its struggles with volatile PGM prices.
