Gold demand up in 2011 – WGC
Gold demand struck 14-year highs in 2011, driven by record investment buying in China, which may overtake India this year as the world's top consumer.
African Barrick Gold profit rises, trebles dividend
African Barrick Gold posted a 30% increase in core profit for 2011, as a rising gold price pushed margins to record levels, offsetting the impact of soaring costs.
AngloGold boosts dividend on record cash flow
AngloGold Ashanti pushes hard for an improved investment rating, surprising
analysts with a major dividend improvement and promising better returns in the
2012 financial year.
Paulson cuts gold ETF, upbeat view stays
Hedge fund manager John Paulson has cut his gold ETF bullion holdings by about $600m in the fourth quarter, a second straight reduction.
DRDGold to expand Ergo production
DRDGold is to spend R250m to increase gold production through improvements to its
Ergo treatment plant to raise gold recovery rates.
DRDGold will look to sell Village stake
DRDGold will not indefinitely stay a minority shareholder in Village Main Reef once the
Blyvoor transaction has been completed, says its CEO Niel Pretorius.
Gold not a reliable inflation hedge – study
Gold prices have been too volatile to play a reliable role as a hedge against inflation, shows a study of financial assets over the past 112 years.
Randgold doubles dividend as profit soars
Randgold Resources reported a 259% increase in full-year profit prompting it to
double its dividend.
DRDGold says closure won’t affect Blyvoor deal
DRDGold said it may shed 1,800 jobs at its struggling Blyvoor operation but believed
it would not negatively affect the sale of the mine to Village Main.
Gold One targets 300,000 oz for 2012
Gold One International has set its production forecast for 2012 at 300,000 oz, aided
by the continued ramp-up of Modder East and new contributions from Rand Uranium.