South Africa-based gold miner Sibanye Gold (SBGL) bolted 3% higher in strong trade Wednesday, breaking to a new high.
Sibanye is not a leadership-grade stock. Its earnings have fallen in the past two years, and are expected to show a 33% decline when the company reports its year-end results Thursday. Gold miners have obviously received a strong boost from gold prices, which are up 18% from a mid-December low.