iStock Thanks to rocketing platinum and palladium prices, and solid output growth, Sibanye-Stillwater has delivered record results in the first quarter of 2021. The Johannesburg-headquartered company is the world's largest producer of platinum, second largest producer of palladium and third largest producer of gold. Its adjusted profit before interest, taxes, depreciation, and amortisation (Ebitda) rocketed by 78% to R19.8 billion compared to the same period a year before. Production across its operations increased over the same period, with its US output of platinum group metals (PGM) up 9%, while in South Africa, its PGM output was up 6% and gold gained 5%. Thanks to big increases in PGM prices, its local PGM operation saw a 90% gain in Ebitda to almost R15.3 billion.