Sunday, August 19, 2018

DRDGold is to spend R300m gaining access to the Ergo mine dumps that will take total surface resources to 600 million tonnes.

Investors are taking stock of global economic prospects and seeking refuge in safe haven assets.

The Ergo project is now delivering healthy profits for DRDGold with more to come as the fine-tuning is completed and it will also extend the lives of the Crown and City Deep treatment plants

Junior gold miner DRDGOLD says a pipeline and plant expansion project at its Ergo and Crown operations would up its potential resource.

Gold Fields believes its South Deep mine, on the west Rand of the Witwatersrand, can produce one million oz/year.

Simmer & Jack Mines says that it has agreed to sell its wholly owned subsidiary, Transvaal Gold Mining Estates (TGME) to Stonewall Mining for R25m.

Simmer and Jack Mines has sold its mothballed Transvaal Gold Mining Estates division to an unlisted junior mining company run by a former associate of Peter Skeat.

Wits Gold has prioritised the De Bron project in the southern Free State for development and intends expanding it through the purchase of Merriespruit South from Harmony.

ASX-listed explorer Liuri Gold is taking legal action against the Zambian government after its mining licence for the Luiri Hill gold project was cancelled.

Gold One’s share price is being held back by production problems as well as the finalisation of a $65m debt facility, says CEO Neal Froneman.