Sibanye-Stillwater Acquires U.S. Metals Recycling Refineries for $82M

South African mining company Sibanye-Stillwater has entered into a purchase agreement to acquire U.S.-based Metallix Refining for $82 million.

Metallix operates two precious metals recycling facilities in North Carolina and in 2024 produced approximately 21,000 ounces of gold, 874,000 ounces of silver, 48,000 ounces each of palladium and platinum, 4,000 ounces of rhodium, 3,000 ounces of iridium and 263,000 pounds of copper.

“We are excited to be adding Metallix to our existing recycling footprint – the scale, technology and know-how adds positively to our existing recycling operations and advances our urban mining strategy,” stated Neal Froneman, CEO, Sibanye-Stillwater.

The acquisition complements Sibanye-Stillwater’s refining assets in Montana and Pennsylvania and is set to close in Q3 2025 pending regulatory approval.