Harmony restores that profitable feeling
Yet the gold miner operates under wafer-thin margins which has put the onus on more cost-cutting and getting stalwart mines to perform to their best.
Sibanye, Harmony swap Free State gold
Sibanye Gold and Harmony Gold made good on long-standing proposals to swap gold resources in the Free State in a parcel of non-cash deals.
Randgold relying on cash to fund growth
Mark Bristow, CEO of Randgold Resources, said the firm would not use its $200m facility as cashflows were sufficient to fund growth if gold stayed above $1,000/oz.
AngloGold’s Venkat conjures recovery
AngloGold Ashanti registered important cash saving advances in the third quarter and higher production capping a positive period in which the share is 30% higher.
Venkat freezes pay, takes no bonus
Srinivasan Venkatakrishnan, CEO of AngloGold Ashanti, has responded to the furore about executive pay by freezing his own cash bonus.
VMR rejects R400m bid for Tau Lekoa, Buffels
Village Main Reef confirmed that it had rejected an offer for its Tau Lekoa mine saying the bid far undervalued the cash generating capacity of the operation.
Sibanye declares 10-yr mine demise halted
Sibanye Gold put in another strong performance at West Rand mines considered ready for controlled demise a year another, but now finding a new lease on life.
VMR recovery arrested by gold cost hangover
Village Main Reef's Tau Lekoa showed good form with record production and healthy cash generation, but costs from discontinued mines hurt the bottom line.
Asanko Gold bags $150m loan, plots M&A
Former LionOre and Norilsk executive, Peter Breese, sets about consolidation of West Africa's gold sector with $150m loan for Ghana's Asaase project.
DRDGold to reset growth sights in two years
DRDGold said it wanted to extract the value of its newly commissioned circuit and then would spend time thinking about how to grow the company more aggressively.