Harmony Gold, the world's fifth-largest gold miner, expects gold to rise further this year and trade at around $1 500 an ounce in 2011.
Gold One International has confirmed it is to proceed with spin-off plans for Megamine through a reverse acquisition of White Water Resources.
Alan Demby, executive chairman of the SA Gold Coin Exchange, said the record high dollar gold price has increasead demand for Kruger rands which have soared to all-time highs over the past few days.
Gold One International has talked up the potential of its soon-to-be-offloaded Megamine prospecting project, saying data has confirmed the existence of a significant mining target.
Randgold & Exploration has announced plans to distribute its Gold Fields stake and about R65m in cash, giving long-suffering shareholders something to cheer about.
Australia and JSE-listed mining junior Gold One is set to proceed with spin-off plans for its Megamine assets.
Gold Fields says it has successfully completed its $1bn bond offering to international investors.
The world's wealthiest people have responded to economic worries by buying gold by the bar - and sometimes by the ton, according to bankers catering to the very rich.
Gold One International has received credit approval from two leading international banks - Absa Capital and BNP Paribas - for a $65m loan facility.
AngloGold Ashanti has completed the elimination of its gold hedge book, reflecting the company's confidence in the likely direction of the gold price.