AngloGold takes Obuasi social crisis to US arbitration
ANGLOGOLD Ashanti has sought international arbitration in order to save operations at Obuasi following a deterioration in security at the mine, situated in Ghana.
In...
Metallon battles against power faults, new currency regime
INCESSANT power outages have stymied Metallon Gold's operations in Zimbabwe after the gold producer saw production fall 15% in the March quarter. Some 4,275...
Randgold facing job of work to meet 1.25m oz target
RANDGOLD Resources would have to record average quarterly production of 320,000 ounces over the next three quarters if it was to meet the bottom...
Endeavour’s Karma may move output to 600koz + in 2016
ENDEAVOUR Mining estimates its newly acquired Karma project, a property in Burkina Faso, will help boost 2016 production by about 100,000 ounces to just...
DRDGold flies after surprise third quarter 38c payout
SHARES in DRDGold were up nearly 12% in early trade on the Johannesburg Stock Exchange after the company paid out a third quarter dividend...
Sibanye cash generating power priced in, say analysts
SIBANYE Gold doubled revenue in the March quarter year-on-year to R6.7bn and cut net debt by more than half owing to an increase in...
Tax charge takes shine off Acacia output lift
Tanzanian gold miner Acacia Mining’s ongoing dispute with tax authorities has seen it make a $70m provision and agree to make forward payments to...
Anglo confirms long-standing CFO Medori to quit
ANGLO American’s finance director, René Médori, will retire when he turns 60 in 2017.
Médori, who has been in his position since 2005, is one...
South Deep provides hope for Gold Fields
Better than expected production results from its South Deep operation in South Africa and a development agreement in Ghana may provide Gold Fields investors...
DRDGold finds long term solution for Ergo
DRDGold increased production by 4% quarter on quarter for quarter to end-March.
It produced 1,187 kilograms, despite a 7% drop in throughput to 5.896 million...