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welcome to see Banias Stillwater a leading global precious metals producer and a modern mining company we take pride in the fact that we have grown see Banias Stillwater from what was perceived as a high-cost South African gold producer with limited operational life into a globally competitive South African precious metals company owning high-quality assets with extensive operating lives and producing a diverse and unique mix of commodities we have some of the highest grade gold reserves in the world averaging 6 7 grams a ton we have some of the highest rate PGM resources in the world at Stillwater are grades of between 15 and 20 grams per tonne those are very hard drive our quality assets originally these assets were unbundled out of gold fields for the first 18 months we focused on turning this business around and we cut the cost about 24% in the gold business and we improved productivity we got a lot more technical focus into the business and and and that all resulted in us buildin