PRECIOUS METALS

This sector comprises Gold and Platinum miners, with operations in South Africa, and Zimbabwe, though Anglo Gold Ashanti has sold out of SA and operates in other jurisdictions. 

 INDUSTRY EXPOSURES

Business:  Issues dealt with in the report:

  • Market trends for gold and platinum group metals

  • Macro-economic environment

  • Significant events related to corporate action

  • External risks

  • Implications of the transition to green energy

  • Deterioration of rail, port and energy infrastructure

Environment: While Climate change dominates the news and threatens to strand assets in this sector, extractive industries are also vulnerable to spills and pollution, and threats to water and energy supply. 

Society: Societal issue materiality for this sector lies predominantly in the supply chain, with stresses on the economy putting pressure on margins and consequently on the compact between labour and operations. High material issues include:

  • Safety, especially fall of ground in deep mining operations 

  • Fair treatment of labour 

  • Relations with communities surrounding operations suffering high levels of unemployment and poor service delivery from local municipalities

  • Security of land tenure in areas occupying indigenous homelands

  • Broad-Based Black Economic Empowerment legislation in SA

Governance: Materiality largely stable from previous years, though changes in leadership have an impact on competence, depth and succession planning. 

In this report

  • Anglo Gold Ashanti (ANG)

  • Gold Fields (GFI)

  • Harmony HAR)

  • Anglo Platinum (AMS)

  • Impala Platinum (IMP)

  • Sibanye Stillwater (SSW)

  • Northam Platinum (NPH)

  • DRD Gold (DRD)

  • Pan African Resources (PAN)

  • Tharisa (THA)

Price: $955

Included:

  • Full 41-page report covering all 10 companies in the Precious Metals sector

  • Introductory in-person consultation, scheduled at your convenience; learn more about how to link FarSight scores with your valuation process, and get up-to-date answers to specifics on each company under coverage.