Monday, August 20, 2018

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.

Newcrest Mining $8bn-plus acquisition of Lihir Gold is creating a new top-tier of Australian gold producers, which are already being sized up for takeovers.

DRDGold said it had significantly derisked the business following the disposal of mining licences owned by Durban Roodepoort Deep and West Wits - a move that helped flood company coffers.

DRDGold wants to convince gold investors that its surface retreatment operations contain a new kind of optionality.

Harmony Gold Mining plans to delay the development of a R6bn shaft at its Evander mine in Mpumalanga.

Gold backed exchange traded funds helped power gold demand to a more than one third increase in the second quarter, the World Gold Council reported.

Shares in Simmers & Jack Mines fell more than 3 percent as the South African gold miner posted a 27 percent decline in first-quarter gold production.

South Africa's Constitutional Court will soon reach a decision on the special indemnity enjoyed by South African mines regarding the incurable lung diseases.

Aurora Empowerment Systems acknowledged that the $2m it received in interim funds from Switzerland's Global Emerging Markets was insufficient to pay mine costs for more than a month.

Horizonte Minerals, the AIM-listed exploration and development company focused on mineral projects in Brazil, has announced that it signed a R32.7m earn-in agreement with AngloGold Ashanti.