‘Nick did the right thing by demerging Gold Fields’ mines’
BY all accounts Neal Froneman, CEO of Sibanye Gold and Gold Fields CEO, Nick Holland get on. They were colleagues once when Holland was...
Covid-19 infections prompts AngloGold Ashanti to shut Cerro Vanguardia for 10...
ANGLOGOLD Ashanti said it would lose about 8,000 ounces in gold production from its Cerro Vanguardia mine in Argentina after deciding to shut the...
Gold Fields to up South Deep output 25 percent
Gold Fields believes its South Deep mine, on the west Rand of the Witwatersrand, can produce one million oz/year.
Sibanye cash generating power priced in, say analysts
SIBANYE Gold doubled revenue in the March quarter year-on-year to R6.7bn and cut net debt by more than half owing to an increase in...
Simmers secures forward gold sale agreement
Simmer & Jack Mines says it has raised $20m by way of a forward gold sale through Deutsche Bank AG.
Govt to test AMD solutions “in open market”
Solutions to acid mine drainage, which is threatening to pollute ground water and
river systems in the Witwatersrand, would be sought from the open market, Edna
Molewa, water and environmental affairs minister has said.
Should gold miners pay more cash to investors?
HOW gold miners spend money from bonanza cash flows will be a key test as the sector nears the end of a remarkable year.
Using...
What happened to gold’s safe-haven status?
The gold price benefited from the 2009 and 2011 crisis, but amid a 30% slide in Chinese stocks and prospects of Grexit, bullion has merely tested year lows. Why?
Caledonia to post “substantially higher” earnings for 2019 owing to gold...
CALEDONIA Mining Corporation, the Zimbabwe gold miner, would report "substantially higher" earnings for its 2019 financial year than expected as a result of continued...
Sibanye would hike debt R9bn to fund future
Neal Froneman, CEO of Sibanye Gold, said he would take debt to R10bn from the current R1.7bn in a combination of organic and acquisition growth opportunities.