Perseus posts healthy interim taxed profit, lifts cash while gold challenges...
PERSEUS Mining reported A$126.9m in interim taxed profits today taking net cash to A$222.7m (US$161.8m) as it continued to increase gold output which is...
DRDGold moots plan to buy Sasol’s cyanide facility
DRDGOLD CEO Niël Pretorius has highlighted the danger posed to South Africa’s gold producers by shortages of sodium cyanide produced by Sasol which is...
RioZim chases $10m for gold mine restart
RioZim, an associate of Rio Tinto, is seeking $10m in a rights offer to pay for the reopening of its Cam and Motor gold mining project in Zimbabwe.
Endeavour under no pressure to make call on Mali project Kalana,...
ENDEAVOUR Mining CEO Sébastien de Montessus said the gold producer was under no pressure to develop its Kalana project in Mali as the technical...
Aurora “virtually a Ponzi scheme’
The liquidators of Aurora Empowerment Systems have revealed that the
company only has R2,000 left in 10 bank accounts, leaving workers with no
hope of ever being paid.
Harmony Gold’s Kusasalethu hit by third strike of the year
PRODUCTION at Harmony Gold's West Rand mine Kusasalethu has been interrupted again - for the third time this year - after workers embarked on...
Sibanye, Harmony swap Free State gold
Sibanye Gold and Harmony Gold made good on long-standing proposals to swap gold resources in the Free State in a parcel of non-cash deals.
AngloGold stages major turnaround in interim free cash
ANGLOGOLD Ashanti staged a $400m swing in year-on-year free cash flow for the six months ended June after slashing total cash costs at its...
Hummingbird’s Betts steps down amid strategic review
HUMMINGBIRD Resources announced on Friday an operational and strategic review in which it will cut costs, sell non-core assets and overhaul management, starting with...
$484m Bilboes to restore Zimbabwe as “gold destination”
CALDEONIA Mining on Tuesday approved construction of the 200,000 ounce per year Bilboes gold mine – a $484m project the company said would help...