Sibanye-Stillwater Advances Mt Lyell and Burnstone Projects Amid Stronger Metal Prices
South African miner Sibanye-Stillwater announced that its board has approved advancing its Mt Lyell copper-gold project in Tasmania, Australia, and its Burnstone gold project in South Africa, as stronger metal prices have improved its financial position.The Johannesburg-based miner plans to invest $7.5 million in the Mt Lyell project in 2026 to restart the historic mine near Queenstown, with the $340 million project targeting first ore production in 2029. Once at full production, the mine is expected to produce up to 26,000 mt of copper, 16,000 oz of gold, and 116,000 oz of silver annually.