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CRG may be forced to close mine

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Central Rand Gold (CRG) may have to close its mine as early as next week after a government order, the Sunday Times reported, citing Bheki Khumalo, spokesman for the Department of Mineral Resources.

Swanepoel granted R9m in Village share options

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Bernard Swanepoel and fellow directors were granted share options totaling R24.2m in value at a price of R1.53/share.

Wits Gold may seek R450m in rights issue

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Wits Gold may tap shareholders for up to R450m and introduce new ones in an effort to boost the share’s liquidity, says CEO Philip Kotze.

Gold eases through $2,000/oz as Covid-19 cases rise, US Congress mulls...

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AFTER several days of near misses, gold finally breached the $2,000 per ounce level ending Comex trade $34,70/oz higher to settle at $2,021,00/oz, said...

Gold powers above $1,500

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Gold has rallied above $1,500 an ounce for the first time, extending a run of record highs as investors seeks to hedge growing inflation risks and buy into a broad commodities rally.

Sibanye-Stillwater suffers $2.58bn in asset impairments

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SHARES in Sibanye-Stillwater fell under renewed pressure after the group said in a trading statement on Wednesday that the carrying value of assets had...

Investors take a shine to AngloGold

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Shares in AngloGold Ashanti have traded at levels last seen early 2009 - an indication that sentiment for SA’s gold miners may begin to catch up with the ongoing gold rally.

Banro facing share consolidation if fails to add vim to price

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BANRO Corporation has six months to conduct a share consolidation or add fresh vim to its share price, the company said in an announcement...

Sibanye-Stillwater approves R6.8bn in gold, PGM projects as focus shifts to...

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SIBANYE-Stillwater declared a final dividend of R9.4bn, equal to 321 South African cents a share, for its 2020 financial year, and said it would...

Don’t trust gold shares

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For many years - perhaps forever and currently too - investors have believed the prices of gold shares will outperform the gold price itself, even if the latter increases.