Harmony books dividend lift, but side steps AngloGold rumour
HARMONY Gold declared a final dividend for the year ended June 30 of 35 cents per share taking the total dividend to 85c/share -...
Harmony to impair R1.7bn in life of mine gold resources
HARMONY Gold is to write-down R1.7bn in gold reserves and resources when it unveils its full-year results ended June 30, the company said in...
Political tensions give precious metal miners pressure respite
POLITICAL ructions globally and domestically have provided respite to South Africa's precious metal producers which unveiled some 21,000 in potential job losses in June...
Endeavour to sell Nzema for $65m, lowers output guidance
TORONTO-listed Endeavour Mining is to sell its 90% stake in its Ghanaian gold mine Nzema for $65m to BCM International, a mining and civil...
Sibanye restructure takes mining sector jobs hit to 21,000 in 14...
MORE misery was heaped on South Africa's precious metals industries after Sibanye Gold announced today it would restructure its Cooke and Beatrix West operations...
Randgold targets “upper end” of 2017 production guidance
RANDGOLD Resources was on course for full-year gold production of 1.3 million ounces following a strong showing in the second quarter in which 341,316...
AngloGold braces for hefty loss as absorbs SA mine restructure
ANGLOGOLD Ashanti is heading for a heavy half-year headline earnings loss of $93m or R1.2bn as it absorbs the cost of a restructuring of...
Acacia complains of “increased pressure” as senior employee held
THE relationship between Acacia Mining and the Tanzanian government appears to have deteriorated with the company today complaining of "increased levels of pressure" on...
Acacia shares plummet 20% as Tanzania lodges $190bn claim
ACACIA Mining owed the Tanzanian government $190bn related to alleged under-declaration of concentrate exports between 2000 and 2017, according to notices of adjusted assessment...
Acacia may put Bulyanhulu into mothballs as cash diminishes
ACACIA Mining is to put its Bulyanhulu gold mine on care and maintenance at the end of the current quarter under pressure of a...