Sibanye declares turnaround strategy intact
Sibanye Gold has targeted 1.35 million ounces in annual gold production and says it is starting to see a turnaround in mines previously earmarked for harvesting.
CoM to pop wage dispute with profit share
The Chamber of Mines has now lifted its basic pay offer 1.5% to 5.5% for gold industry members to which it has added a profit share mechanism.
Gold CEOs call on unions to help repair relations
Two of South Africa's most prominent gold mining CEOs have called on unions to repair their fractious relationship described by one as the broken 'circle of trust'.
AngloGold cuts dividend in $482m savings drive
AngloGold Ashanti said it would cut the second quarter dividend as it slashed corporate, exploration and capital costs amid a 25% gold price dive.
Randgold ‘revisit’ to net debt will be brief: Bristow
But bringing Kibali into production was the key task of Randgold Resources for the remainder of the financial year as analysts fretted over the firm's balance sheet.
AMCU could halt gold sector central bargaining
The Association of Mineworkers & Construction Union has upped the ante with the Chamber of Mines saying it is opposed to central bargaining in the gold sector.
Barrick ‘still a seller’ of African gold unit
Greg Hawkins, CEO of African Barrick, said the firm's Canadian - Barrick Gold - was still a seller of its stake, but was supportive of the turnaround strategy.
AngloGold to raise up to $1bn in corporate bond
AngloGold Ashanti said it would raise between $750m and $1bn in a corporate bond which it would use to de-stress its balance sheet.
Unions declare dispute as gold firms lift offer
The Chamber of Mines lifted its wage increase offer to 5% but unions, excluding AMCU, have swiftly moved to dispute in a 30-day CCMA process.
Backwardation expresses gold price volatility
Gold dabbled in backwardation earlier this month, a rare event that underlines how difficult it is becoming to guess at the metal's next move.