Gold Fields cautious on output & yield promises
Getting to five million ounces annual production is the goal but when, and at what
cost, is not something any sane-minded gold executive is really going to guarantee.
Village Main Reef CEOs snap up company shares
Village Main Reef’s two CEOs have been buying shares in the company on the open market as the stock continues to dither towards the lower end of historic lows.
Gold One ‘won’t pay more’ for Ezulwini
Gold One International CEO Neal Froneman says the company won’t offer more for Ezulwini than the $70m already on the table, adding the asset is unlikely to be viable as a stand-alone entity.
Gold Fields claims its own Wafi-Golpu
Gold Fields says its prospect in the Philippines, Far Southeast, may be similar in scale to Harmony Gold’s much acclaimed Wafi-Golpu resource in Papua New Guinea.
Output, costs hit Gold Fields’ profits
Gold Fields’ operations in West Africa to some extent made up for production losses elsewhere in the first quarter, but its margins came under pressure, hitting the group’s bottom line.
Govt to test AMD solutions “in open market”
Solutions to acid mine drainage, which is threatening to pollute ground water and
river systems in the Witwatersrand, would be sought from the open market, Edna
Molewa, water and environmental affairs minister has said.
Gold One embarks on share liquidity drive
Gold One International seeks to improve the liquidity of the company’s shares prior to its proposed listing on the Hong Kong Stock Exchange, pencilled in for March 2013.
African Barrick agrees to higher royalty rate
African Barrick Gold has agreed to a voluntary additional 1% royalty payment on the proceeds of its Tanzanian operations.
Great Basin’s Burnstone starts road to recovery
It's premature to be optimistic, but Great Basin's Burnstone mine at least met
modest first quarter production targets.
AngloGold exec’s exercise share options
AngloGold Ashanti CEO Mark Cutifani has netted R13.7m in company shares in terms of the gold producer's incentive scheme for senior executives.