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.
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.