Village offered R1bn for Tau Lekoa
UPDATED: Village Main Reef’s shares are on the rise following an announcement that the company has received a R1bn unsolicited offer for Tau Lekoa.
Lower grades, coup knock Randgold’s output
Randgold Resources didn’t escape the knock-on effects of the recent military
coup in Mali, with production down almost a fifth at the group’s key assets in
the West African country and costs rising significantly as a consequence.
Bristow keeps faith despite Randgold sell-off
Randgold Resources CEO Mark Bristow has dismissed the notion that the stock
is at the mercy of political events in the territories where the company
operates.
Cooke, Randfontein lift Gold One output
Gold One International has posted an 85% quarterly increase in gold production, following the incorporation of the Cooke underground and Randfontein surface operations in its results.
DRDGold shares up as Ergo shines
DRDGold’s Ergo surface operations has put in a strong performance for the
company, with promises of further upside as construction on another project
starts.
Hostility grows over First Uranium deals
More First Uranium shareholders have indicated their opposition to the sale of
the company’s key assets, with some saying a bankruptcy process will serve
their interests better.
Gold Fields shortens KDC’s estimates
Gold Fields’ Kloof-Driefontein complex on the West Rand, one of the country’s
largest gold mines, will be exhausted by 2028.
Renova “offers $80m for Ezulwini’
UPDATED: First Uranium confirms Renova's offer. Russia’s Renova is said to be bidding $80m for First Uranium’s Ezulwini, trumping Gold One International’s earlier offer by $10m.
Renova in rival bid for Ezulwini – report
Russia’s Renova group has made a joint counter-bid for First Uranium’s
Ezulwini mine, Bloomberg reported on Friday.
Another blow for First Uranium shareholders
First Uranium’s shareholders will have to accept a smaller than previously
announced payout when the proposed sale of the group’s key assets is
completed.