Sibanye Gold's Cooke 3 processing plant
Sibanye Gold states, with “reasonable certainty” that its earnings per share for the year to 31 December 2016 is expected to be a minimum of 200% higher than 2015.

The company made this announcement in a trading statement and operating update for the quarter ended 30 September 2016.

Its annual earnings per share, at the higher rate, will be a minimum of 237 cents per share cps – or 158 cps higher than the 79cps for 2015.

Headline earnings per share for 2016 is expected to be a minimum of 330% (244 cps) higher than the 74 cps reported for 2015, or a minimum of 318 cps.

Normalised earnings per share for 2016 is expected to be a minimum of 220% (295 cps) higher than the 134 cps reported for 2015, or a minimum of 429 cps.

The financial information on which this trading statement is based is at an average rand gold price for the year of R590 000/kg, excludes the effect of the Rustenburg transaction and has not been reviewed or reported on by Sibanye’s auditors.