Sibanye-Stillwater to Acquire US Recycler Metallix for $82M, Boosting Urban Mining Strategy
Sibanye-Stillwater Acquires Metallix for $82 Million to Expand Precious Metals Recycling in the US
Precious metals producer Sibanye-Stillwater has announced an agreement to acquire Metallix Refining, a U.S.-based precious metals recycler, for $82 million, marking a significant step in the company’s expanding urban mining strategy.
Metallix operates two state-of-the-art recycling facilities in North Carolina, where it recovers high-value metals—including gold, silver, and platinum group metals (PGMs)—from industrial waste streams.
“We are excited to be adding Metallix to our existing recycling footprint. Its scale, technology, and expertise will enhance our current operations and advance our urban mining strategy,” said Neal Froneman, CEO of Sibanye-Stillwater, in a statement released Monday.
For the 12-month period ending December 2024, Metallix processed approximately 4.2 million pounds of industrial waste, yielding:
21,000 oz of gold
874,000 oz of silver
48,000 oz of palladium
48,000 oz of platinum
4,000 oz of rhodium
3,000 oz of iridium
263,000 lbs of copper
Froneman added that the acquisition is expected to generate significant value uplift through operational synergies with Sibanye-Stillwater’s existing recycling facilities in Montana and Pennsylvania.
This transaction builds on the company’s 2023 acquisition of the Reldan Group of Companies, which marked its initial large-scale entry into the metals recycling sector.
The Metallix acquisition will further strengthen Sibanye-Stillwater’s U.S. recycling network, improve logistics, and expand sourcing capabilities across multiple regions.
The deal is subject to regulatory approvals and is expected to close in the third quarter of 2025.
