Wits Gold turns to capital markets as cash ebbs
Wits Gold's balance sheet is beginning to look precarious - a condition that will send it to the market notwithstanding a two-thirds decline in its share price since 2012.
Egos must go before SA gold consolidates
Egos must go and time must pass before the South African gold sector would be able to consolidate, two prominent gold company bosses have said.
Wits Gold to bid for Burnstone, Navachab
In an effort to stage a rerating of its share price, Wits Gold is considering bids for Burnstone and Navachab owned by Great Basin and AngloGold Ashanti respectively.
AngloGold, Sibanye lose R481m to power outage
AngloGold Ashanti and Sibanye Gold lost a combined R481m in revenue as a power outage saw both companies shed production in the West Wits region.
Sibanye debut masked by ETF sales
It's about a month since Sibanye Gold began life on the JSE. Liquidations of gold-backed ETFs, however, have muddied the waters on the gold stock's debut.
Gold Fields distances itself from Ramphele comments
Gold Fields distanced itself from comments by former chairperson Mamphela Ramphele who said government forced the group to accept certain BEE partners.
Govt rail-roaded South Deep BEE deal: Ramphele
Mamphela Ramphele, the former chairperson of Gold Fields, defended the firm's role in the empowerment of its South Deep mine saying it was forced upon it.
Pan African’s Nelson short on fripperies
Apart from the somewhat sleak-looking Rosebank offices, Pan African Resources is known for keeping the purse strings tight. CEO Jan Nelson says that will continue.
Pan African Resources dips as CEO exits
Jan Nelson, chief executive officer for small-cap gold miner Pan African Resources Plc, has quit.
Rising bets on lower gold price
According to Dow Jones Newswires’ Matt Day, fund managers are ramping up their short positions on gold as they bet the commodity price will move lower in the coming weeks.