M&A ‘flurry’ in Africa mirrors gold’s new found popularity
THE improvement in the gold price has precipitated a flurry of merger and acquisition activity in the sector, especially in Africa – a development...
Resolute to lift Syama output 25% to 250,000 oz
AUSTRALIAN-listed gold producer, Resolute Mining, has approved the $95m extension of its 80%-owned Syama gold mine in Mali which will increase production a quarter...
High flying AngloGold redeems $471m in 2020 bonds
HIGH flying after a 22% recovery in the dollar gold price this year, AngloGold Ashanti has cancelled $471m in debt through the early redemption...
RioZim plans to become Zimbabwe’s largest gold producer
ZIMBABWEAN firm, RioZim is looking at acquisitions to lift gold output and become the largest producer of bullion in the country, a company official...
Barrick may drive gold consolidation as market looks up
ACTIVITY among West Africa's junior gold producers continues to tick along with interesting news flow this week that has seen two successful capital raisings...
Endeavour to issue C$125m in shares as gears for high capex
TORONTO-listed gold producer Endeavour Mining has unveiled plans to bolster its balance sheet ahead of an acceleration in its West Africa organic growth ambitions,...
Glencore takes 2016 disposals to $3.2bn after ags deal
GLENCORE took asset disposals this year to $3.2bn following an agreement to sell a further stake in its agribusiness for $624.9m.
The Swiss-headquartered mining and...
Gold Fields refinances balance sheet as M&A looms large
GOLD Fields claimed to have achieved "a key milestone" in its balance sheet management, announcing today it had refinanced $1.44bn in credit so that...
Randgold “came close” to major gold deal – Bristow
RANDGOLD Resources "went close" to a large corporate deal with another large gold company last year as company valuations plummeted, said the UK-listed gold...
Hummingbird raises $67m for Mali’s Yanfolila gold project
UK-LISTED gold development firm, Hummingbird Resources, has raised $67m in a share placement for Yanfolila, a gold project in Mali it bought from South...