Friday, January 19, 2018

Gold eases but safe-haven bid to persist.

Central African Gold, the gold company with a portfolio of production and exploration assets in Africa, says that three major shareholders have sold their shares in the company.

Junior gold producer Simmer & Jack Mines has announced the appointment of Marius Saaiman as chief financial officer.

Junior gold producer Simmer & Jack Mines says it will make a decision regarding its funding options within two weeks.

Simmer and Jack stock recovered from near 12-month lows on Thursday, after its board clarified an alternative financial structure to the proposed R360m rights offer.

Mineworkers affected by the collapse of Aurora Empowerment System's financing plan to hand over a list of demands to the Pamodzi Gold liquidators.

An unspecified Chinese consortium makes a bid for two liquidated gold mines currently managed by Aurora Empowerment Systems, but secrecy shrouds the offer.

Gold miner Harmony will terminate the listing of its American Depository Receipts on the Nasdaq bourse.

The National Union of Mineworkers says seven mineworkers had been injured at Gold Fields' Driefontein mine outside Carletonville.

New South African gold mining and exploration company Galaxy Gold has proved that it is progressing with its plans to list on the JSE by the third quarter of this year.