Gold Silver Reports — Sibanye Gold Ltd., the biggest producer of the precious metal from South African mines, wants to buy a gold-producing asset by the end of the year, adding to its acquisitions of platinum operations in its home country.
The asset would have to make a “material difference” to Sibanye’s current output, meaning it would have to produce at least 200,000 ounces of gold a year, Chief Executive Officer Neal Froneman said in an interview after the company’s annual general meeting Tuesday. Any acquisition would have to be generating cash to help pay dividends, he said.
