G-7 plan to sanction Russian gold exports seen as symbolic
THE G-7 nations have pledged to halt Russian exports of gold but analysts speaking to Bloomberg News said the impact would be relatively muted...
AngloGold targets 30-40% cut in cash costs in bid to secure...
ANGLOGOLD Ashanti aims to slash cash costs which are currently 30% to 40% too high, said Alberto Calderon, CEO of the Johannesburg headquartered gold...
Barrick’s Bristow to seek Newmont meeting ‘ASAP’ following takeover rebuff
MARK Bristow, CEO of Barrick Gold, said he would seek an urgent meeting with Newmont Mining after the US gold producer rejected Barrick’s takeover...
AngloGold investment grade upheld by S&P
AngloGold Ashanti said it diverse geographic base contributed towards maintaining an investment grade rating of its debt following a review by S&P.
Strike breaks out at Resolute Mining’s Syama mine over working rosters
THERE was fresh trouble for Resolute Mining after employees at its Syama mine in Mali went out on strike over Covid-19 related temporary layoffs...
Pan African keeps power dry as capex ramps up to R2.8bn...
PAN African Resources kept the full year dividend unchanged despite a robust performance for the 12 months ended June, opting to keep its powder...
AngloGold Ashanti puts Brazil mine on care and maintenance
ANGLOGOLD Ashanti is to put its Brazilian mine Córrego do Sítio (CdS) on care and maintenance, saying in an announcement to the JSE today...
Chinese pay top dollar for marginal assets
A Chinese firm appears to be paying an exorbitant amount for highly marginal gold assets that Harmony was happy to sell last year at a fraction of the price to current owner Taung Gold.
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...
Pan African’s Elikhulu starts to make meaningful contribution after Evander closure
PAN African Resources posted a 54% increase in interim gold production to just over 81,000 ounces owing to the contribution of its new R1.7bn...