S&P upgrades Sibanye-Stillwater credit on expectation of “materially higher cash flow”
RATINGS agency, S&P Global, upgraded the credit rating of Sibanye-Stillwater owing to its expectation of "materially higher cash flow". This would be driven by...
Aurora concedes $2m funds “not enough”
Aurora Empowerment Systems acknowledged that the $2m it received in interim funds from Switzerland's Global Emerging Markets was insufficient to pay mine costs for more than a month.
GFMS CEO turns into a raging gold bull
Gold bear Paul Walker has undergone a Damascene conversion and become a raging gold bull as Western governments and central banks fail to get their financial acts together.
AngloGold Ashanti close to re-opening Ghana’s Obuasi mine
AngloGold Ashanti is close to a decision to re-open the Obuasi mine depending on the outcome of talks with the Ghanaian government to finalise...
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...
Golden Star says study shows 75% increase in Wassa gold production...
GOLDEN Star Resources, a Toronto-listed firm, has forecast average annual gold production of 294,000 ounces for 11 years from Wassa, its Ghana gold mine...
Resolute makes $1m in assistance available to Mali, Senegal in COVID-19...
RESOLUTE Mining has committed $1m in financial support to its host governments aimed at tackling the effects of the COVID-19 pandemic.
"Extraordinary events require an...
Gold Fields’s vastly improved quarter eases pressure on Fraser
GOLD Fields turned in a vastly improved production report for its third quarter registerting strong recoveries at all its assets, especially at South Deep...
Gold Fields upgrades balance sheet with $1bn in new bonds
GOLD Fields has raised $1bn in two new bonds, a development that is part of its stated efforts this year to improve its credit...
Hummingbird says Kouroussa reaches commercial production
HUMMINGBIRD Resources said its Kouroussa mine in Guinea had reached commercial production with gold output for the year likely to be between 45,000 to...