Sibanye Stillwater (SBSW) Soars 9.6% on Gold Rush

Group 1: Company Performance - Sibanye Stillwater Limited (NYSE:SBSW) experienced a significant increase of 9.6% week-on-week, driven by a surge in gold prices to a new record high [1] - The spot price of gold rose by 1.20% to $4,533.21, as investors shifted towards safer assets amid macroeconomic uncertainties [2] - The Federal Reserve has cut benchmark rates three times this year, with expectations for two additional cuts, which typically benefits precious metals by weakening the US dollar [3] Group 2: Wage Agreement - Sibanye Stillwater reached a new wage agreement with employees at its South African mining site after three years of negotiations, effective from July 1, 2025, to June 30, 2028 [4] - The wage agreement includes annual increases of 4.5% in the first year, 4.8% in the second year, and 5% in the third year for Category 4 to 8 employees, miners, artisans, and officials [4] - CEO Richard Stewart expressed satisfaction with the multi-year wage agreement, highlighting its fairness for employees and its role in providing stability and sustainability at the South African gold operations [5]