Hedging overshadows Gold Fields’ 2020, commits 1m oz in new contracts...
GOLD Fields quadrupled headline earnings to $729.3m (2019: $162.7m) in the year to December despite its results being negatively affected by realised losses from...
Endeavour plans improved returns in 2024 after unveiling $100m payout
ENDEAVOUR Mining said it would pay a $100m interim dividend worth 40 US cents per share, and signalled its intention to increase capital returns...
Gold Fields weighing up options for Ghana mines as keeps to...
GOLD Fields is assessing its options for two Ghana mines that contributed about 13% of third quarter production.
The Johannesburg-headquartered firm reported production of 606,000...
Gold Fields to raise $269m in book-build as opts to go...
GOLD Fields has decided to go it alone with the development of its $860m Salares North, a project in Chile, announcing today a book-build...
“Squeaky clean” Cockerill’s new endeavour
WHY do retired executives take nonexecutive positions? As a way of staying in the game, because of the handy fees, or just for a...
Fekola to trigger leap in 2018 cash flow, says bullish B2Gold
B2GOLD forecast average cash flow from operations over the next three years from 2018 of $500m largely owing to Fekola, the Mali gold mining...
Acacia accepts 50% lift in royalty as Tanzania turns the screw
ACACIA Mining will comply with part of newly enacted legislation in Tanzania which increases revenue-based royalties to 6% from the previous levy of 4%.
The...
Sibanye-Stillwater’s Froneman vows group will keep pace with the EV revolution
Neal Froneman, CEO of Sibanye-Stillwater, has fought off a five-month strike, added R3bn to the balance sheet, restructured the gold division and concluded a...
Chinese plunge into marginal projects
Hong Kong-listed Wing Hing International is pushing ahead with the R4bn acquisition of two marginal South African gold projects on the back of some highly optimistic projections.
Value of gold demand surpasses $100bn in third quarter
THE value of global gold demand passed $100bn for the first time in the third quarter as investors flocked to the metal, said the...