SA gold mines “mired in crisis” says JP Morgan
The beneficial effect of the collapse in the rand against the US dollar is not going to be enough to save South Africa's gold mines this time around.
Gold producers make third attempt to end pay impasse
South Africa's major gold producers have revised their wage offers once more offering higher entry-level wages in a bid to avert an industry-wide strike.
Harmony to “cure” price deficiency in New York
Harmony Gold is to consider the merits of a reverse stock split in order to keep its shares trading on the New York Stock Exchange following a 64% value decline.
SA gold sector in danger of self-destruction
South African gold producers, like their global counterparts, are not moving quickly enough to ensure the survival of the sector, say company executives.
Auramet makes case for hedging gold
Even in today's gold bear market, the idea of hedging gold is rejected by miners, but shouldn't risk protection have some place?
DRDGold caps off recovery with 10c dividend
DRDGold completed a highly satisfactory financial year paying shareholders a 10 cents per share dividend and may now consider a share buy-back.
Sibanye would hike debt R9bn to fund future
Neal Froneman, CEO of Sibanye Gold, said he would take debt to R10bn from the current R1.7bn in a combination of organic and acquisition growth opportunities.
AngloGold Ashanti to buy back $810m in bonds
AngloGold Ashanti is looking to save up to $69m in interest charges over the next year through buying back its outstanding 8.5% bond issue early.
Treating acid mine drainage will cost R8 billion
It will cost R8 billion to treat acid mine drainage over the long term and around R45 billion to cover the costs of closing down derelict and ownerless mines.
Gold Fields on a recovery track
Gold Fields returned to profitability in the June quarter and is fortunate that its foreign operations can compensate for more lost production at South Deep.