Saturday, January 20, 2018

Randgold Resources has revised downwards its production guidance from its Loulo mine in Mali following a quarter the group described as "difficult".

The June quarterly reporting season kicks off on Thursday and analyst expectations are high for better numbers all round from the SA gold miners.

Holdings in the world's largest gold-backed exchange traded fund fell to their lowest levels since early June - a development that could cap gold's rebound, analysts said.

Gold miner Centamin Egypt has produced a lower than expected 30 236 ounces in the quarter to end June, but says it remains on track to produce 200 000 ounces in 2010.

Work stoppages hurt production at Gold One International but the gold producer said annual metal output targets remain firmly in its sights.

Former Harmony CEO Bernard Swanepoel will take over as chairman of Simmer and Jack Mines at the company's annual general meeting on September 10.

The human side to the failure of Aurora Empowerment Systems is a tragic one and is intensified by the apparent sang-froid of the firm's founder, Khulubusa Zuma who continues to spread his wings.

UPDATED - Shares in Simmer & Jack Mines shrugged off a weak initial response to its eventual purchase of Tau Lekoa mine to trade some 18% higher in mid-afternoon trade.

International gold mining and exploration company Randgold Resources says construction on its Kibali project in the DRC is six months ahead of schedule.

Randgold & Exploration says earnings per share for the six months ended June 2010 will be between 1 050c and 1 105c per share greater than the comparative unaudited earnings per share of 1c per share for the six months ended June 2009.