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.
Village hails protest end, suffers R10m hit
The framework agreement registered an early success at Village Main in bringing a protest to an end, but the firm's gold division suffered a R10.5m revenue loss.
Dividends at risk in gold sector belt-tightening
Gold companies may cut or pass dividends thereby ending any shred of satisfaction die-hard gold investors may have had in the equity markets.
Gold crunch to test DRDGold’s capex strategy
Almost seven years of capital investment by DRDGold will boil down to this year with the gold price collapse testing the resilience of the gold treatment firm's model.
Investors won’t support CPI+ wages: Froneman
Neal Froneman, CEO of Sibanye Gold, said shareholders had told him to resist above inflation wage increases or capital markets will close.
AngloGold cuts output, spend, impairs $2.6bn
AngloGold responded sweepingly to a $220/oz fall in the average gold price cutting output 300,000 oz, lopping project spend, and booking a $2.6bn impairment.
Chasm opened as chamber offers 4% wage hike
The Chamber of Mines has offered unions a 4% wage and benefits increase opening a chasm in expectations and economic reality.
Lenders loosen Sibanye Gold R6bn debt leash
Lenders to Sibanye Gold say the firm can pay an interim dividend provided it has agreed wage increases with unions that include AMCU and NUM.
Gold Fields to recoup lost Ghana output
Gold Fields said it hoped to produce as much as 1.9 million ounces this year as guided but second quarter all in costs are worryingly close to the dollar gold price.