Gold Fields makes hay of price spike
Gold Fields has significantly benefitted from the rising gold price during the June quarter, managing to translate a 5% production increase into 15% earnings growth.
Gold One eyes new prime assets
As Gold One International is about to add First Uranium’s Ezulwini to its
portfolio of assets, CEO Neal Froneman says the company may announce more
acquisitions before the end of the year.
Sibanye lifts equity in Stillwater deal to R17bn amid debt fears
SIBANYE Gold is to increase the equity portion of its $2.2bn (R29.5bn) bid for Stillwater to more than half the total following meetings with...
AngloGold counts cost of strikes, Obuasi troubles
Third quarter production would come in at 1.03 million ounces, well below guidance
and raising the likelihood of more profound output losses and higher cash costs for
the year.
Central banks elevate gold above euro reserves
GOLD has overtaken the euro to claim second place amongst global reserve assets held by central banks, propelled by unprecedented buying and rising valuations,...
DRDGold says closure won’t affect Blyvoor deal
DRDGold said it may shed 1,800 jobs at its struggling Blyvoor operation but believed
it would not negatively affect the sale of the mine to Village Main.
Panaf to post earnings boost after Barberton, Evander raise game
PAN African Resources (Panaf) said higher gold production and a 21.6% increase in the average rand per kilogram price of gold would take full-year...
Gold Fields hedges Aussie gold as volatility risks capex plan
GOLD Fields has hedged three-quarters of its Australian gold production for the second half of its financial year owing to volatility in commodity prices...
Harmony warns over output drop
Harmony Gold Mining says gold production for the September 2010 quarter is likely to be in the order of 3% lower than the previous period.
China’s Chifeng withdraws from $105m purchase of Bibiani from Resolute Mining
CHINA'S Chifeng Jilong Gold Mining Co. has withdrawn from an agreement to buy the Bibani gold mine in Ghana after conditions were imposed on...