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SIBANYE GOLD LIMITED INVESTOR ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York against Sibanye Gold Limited

Lead Plaintiff Deadline is August 27, 2018

NEW YORK, July 17, 2018 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP  announces that  a federal securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York on behalf of all persons or entities that acquired the American Depositary Receipts (“ADR’s”)  of  Sibanye Gold Limited ("Sibanye" or the "Company") (NYSE:SBGL) between April 7, 2017 through June 26, 2018 (the "Class Period"), inclusive.

Investors who have incurred losses in the ADR’s of Sibanye Gold Limited are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com.

If  you  have  incurred  losses  in  the  ADR’s of  Sibanye  Gold Limited, you may, no later than August 27, 2018, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in Sibanye Gold Limited.

The filed Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that:

  • Sibanye's culture places short-term profits over safety;
     
  • consequently, almost half of South Africa's 2018 mining fatalities occurred in Sibanye mines; and
     
  • as a result, defendants' statements about Sibanye's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On June 26, 2018, Bloomberg News reported that "another worker was killed at [Sibanye's] Driefontein operation in South Africa, bringing the total deaths at the company's mines this year to 21." The article continued to say that Sibanye "accounts for nearly half of the 46 people reported killed at South African mines in 2018 and is already the subject of an investigation by the chief inspector of mines."

Following this news, Sibanye stock dropped over 10%.

Wolf Haldenstein Adler Freeman & Herz LLP has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.  The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego.  The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.

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Contact:

Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, kcooper@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774

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