Neal Froneman snaps up Grootvlei
UPDATED: Neal Froneman’s Gold One International and Goliath Gold have
confirmed the companies would acquire the liquidated Pamodzi Gold’s East
Rand assets for R70m.
Gold Fields output stays flat
Gold Fields has reported first-quarter production figures of 827,000 ounces, largely flat compared to Q1 2011's 830,000oz.
Grade, stoppages hit Harmony output
Harmony Gold says its gold production for 2012’s first quarter is 18% lower than the period to end-December.
Gold: “Well south of $1,000’
Thomson Reuters GFMS metals consultancy’s Paul Walker has tempered his
firm’s optimism about the shorter-term prospects of gold with a stark warning.
AngloGold misses output guidance
AngloGold Ashanti has sunk to its lowest level in 12 months as the company’s
first-quarter output fell short of guidance.
Randgold Resources surges on Mali settlement
Randgold Resources' share price is catching up on lost ground following the political settlement in Mali.
Village Main Reef again falls short of target
Village Main Reef has missed its production target for a second quarter in a
row, but the strong rand gold price should enable the company to continue
delivering sufficient cash flows.
The golden doldrums
If one is called to write flashcards to explain how the gold price behaves, you’ll
probably need only two; it’s that binary. Put another way, quiet is bad
for the gold price.
Great Basin in R80m BEE tiff with Gold Fields
A cancelled empowerment deal with Gold Fields is an unwanted spanner in the
works of Great Basin, which also faced scepticism regarding production targets
at its Burnstone mine.
Gold One secures financing for deals
Gold One International says it has secured the necessary finance to settle the Rand Uranium and Ezulwini acquisition deals.