Home News Gold Page 157

Gold

Gold Fields merges Kloof and Driefontein

Gold Fields has merged its flagship Kloof and Driefontein mines, shedding 115 top management jobs in the process, as it looks to lower costs and improve profit margins.

Gold Fields looks for a uranium partner

Gold Fields wants to bring a strategic partner on board and tie up a supply offtake agreement before pushing the button on its proposed uranium project.

NewGold planned for Kenya, Botswana and Nigeria

Absa Capital is in talks to list its gold-backed exchange traded fund in a number of African countries.

Harmony off to slow start

Harmony Gold's ambition of mining 1.7 million oz in its new financial year has hit an early setback as the group reported production figures of 336,650oz for the first quarter.

Harmony waiting on PNG bonanza

Harmony Gold has talked up the billing of its Wafi-Golpu project as the "gold find of the century', but questions remain over the group’s immediate growth prospects.

All eyes on gold majors’ numbers

The strong rand is expected to erode the benefit of the rise in gold's dollar price for SA’s top three producers - scheduled to report third-quarter earnings in November.

Gold One to miss production forecast

Gold One International won’t make its revised production target of 85,000 ounces for the calendar year, with actual output likely to be less than 70,000oz.

Gold outlook tarnished

SA gold share investors have seen scant profit from the gold rampage coming their way, as it is blunted by the stronger rand and so-called South African discount.

Moody’s takes a shine to AngloGold

Moody's expects the elimination of its hedge position will boost AngloGold Ashanti's future operating profitability and cash flow generation.

Num: revoke Pamodzi Gold liquidation

The Num says it is concerned that assets at Aurora's mines are being sold as scrap, saying the "obviously failed" liquidation of Pamodzi Gold should be nullified.