10 Firms Defy Market Slump, Record Double-Digit Gains Last Week

7. Sibanye Stillwater Ltd. (NYSE:SBSW)

Sibanye Stillwater rallied by 27.3 percent week-on-week, ending Friday’s trading at $4.38 versus the $3.44 finish on April 4, as the company rose in line with higher gold prices.

As of Friday, spot prices of gold were up by 1.93 percent at $3,237.61 per ounce, a new all-time high and its second time hitting a new record during the week, as investor funds flocked to safer assets such as gold amid the ongoing trade tensions globally.

SBSW is a diversified mining company that mines gold, lithium, nickel, copper, zinc, and platinum group metals. In South Africa, it operates underground mines and surface treatment facilities at Beatrix, Driefontein, and Kloof.

It also holds a controlling stake in DRDGOLD Ltd., which operates surface tailings retreatment facilities on the West Rand through the Far West Gold Recoveries operation, and on the East Rand through its wholly-owned Ergo Mining subsidiary.