Asanko swings into Q2 profit, promises cash generation ahead of mineral...
ASANKO Gold, the Toronto-listed company in joint venture with Gold Fields, swung into profit in the second quarter and said it was positioned for...
Blyvoor Gold announces plans to list on Nasdaq
PRIVATELY-owned Aurous is to list South Africa's Blyvooruitzicht (Blyvoor) mine on Nasdaq, announcing on Monday the mine's acquisition by blank cheque company Rigel Resource...
Activist investor emerges as candidate for Barrick role
ACTIVIST investor Mick McMullen has positioned himself as a contender for the CEO position at Barrick Mining, telling The Globe and Mail that major...
China’s Zijin Mining “paying attention to Tanzania” but “not yet negotiating”
ZIJIN Mining Group, the Chinese company that last month agreed to buy Nevsun Resources for C$1.86bn, was "paying attention" to Tanzania, but it was...
Gold Fields’ South Deep heads for Q1 break-even
Better-than-expected production and an increase in the rand gold price could see Gold Fields' South Deep project break-even much sooner than forecast.
Ghana’s $3bn IMF bailout has derisked AngloGold JV, says Gold Fields...
GOLD Fields said Ghana's $3bn credit agreement with the International Monetary Fund in May had derisked its proposed joint venture with AngloGold Ashanti which...
AngloGold may ‘call’ $1.25bn bond in 2016
The gold firm has targeted debt reduction of $1bn in three years and may buy back its 8.5% 2020 bond. Asset sales seems a nailed-on certainty, however.
Barrick will do M&A my way says CEO Mark Bristow
BARRICK CEO Mark Bristow confirms that he and his chairman John Thornton are “100% on the same page regarding merger and acquisition (M&A) activity...
Pan African R705m book-build “materially over-subscribed”
PAN African Resources today completed a R705m book-build programme after placing 291.5 million shares - roughly 15% of the firm's shares in issue -...
Gold industry “screaming out” for consolidation despite price
THE world's gold industry was still ripe for consolidation although the historic price highs in the metal would present some obstacles.
"I suspect over the...