Sibanye Stillwater (SBSW) to Buy Metallix Refining

Sibanye Stillwater Limited (NYSE:SBSW) is one of the 12 Best Performing Stocks in the Last 6 Months. On July 21, Sibanye Stillwater Limited (NYSE:SBSW) reported that it has entered into an agreement to purchase Metallix Refining for a cash consideration of $82 million. The enterprise value of this deal is $105 million.

Metallix produces recycled precious metals, including gold, silver, and platinum group metals (PGMs), mainly from industrial waste streams. Metallix runs two processing and recycling plants in Greenville, North Carolina.

Sibanye Stillwater (SBSW) to Buy Metallix Refining

Aerial view of a precious metals mine in operation, its machinery extracting gold and silver from the earth.

This acquisition will complement Sibanye Stillwater Limited’s (NYSE:SBSW) recycling operations in Montana and Pennsylvania. The deal will improve the company’s global recycling reach and its ability to source materials from different regions.

According to the latest audited financial information, Metallix Refining is already making a profit and generating cash. Sibanye Stillwater Limited (NYSE:SBSW) expects the acquisition to contribute positively to its earnings and cash flow immediately. The company expects to complete the acquisition in the third quarter of 2025.

Sibanye Stillwater Limited (NYSE:SBSW) is a multinational mining and metals processing company. It has a diverse portfolio of operations, projects, and investments across five continents.

While we acknowledge the potential of SBSW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SBSW and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.