Why Shares of Sibanye Stillwater Are Falling Today
The price of gold is dipping a little lower today (about 0.1% as of this writing), but shares of the gold mining company Sibanye Stillwater (NYSE: SBSW) are plunging. As of 12:15 p.m. EDT on Friday, the stock was down 8.7%.
Concerns about a new COVID variant detected in South Africa and the company's strained labor negotiations have precious metals investors looking elsewhere.
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Source Fool.com