Asante Gold raises US$100m in share issue
CANADA'S Asante Gold Corp. said on Wednesday it had raised US$100m through the sale of shares to a strategic investor.
About 90.7 million shares were...
Pan African cracks US index after Van Eck takes 5.9% stake
PAN African Resources has been included in the influential GDX Index for the first time after New York fund manager Van Eck took a...
Gold Fields paid premium for Osisko to avoid ‘another Yamana’
GOLD Fields is one of the companies criticised for overpaying for assets following its C$2.16bn Osisko Mining takeover last month.
Concluded at a 55% premium,...
Gold industry CEOs say M&A will be disciplined
THE world's gold miners are back hunting for deals amid record prices for bullion, but unlike previous bull markets, they won't overspend buying growth,...
Cash flush Harmony never better placed to grow offshore
EXECUTIVES at Harmony Gold struggled to recall the last time the company had net cash. "Not in my lifetime," CEO Peter Steenkamp said in...
Russia discusses boosting mining ties with gold-rich Sudan
SUDAN, currently embroiled in a 17 month civil war, has discussed boosting cooperation in the mining sector with Russia, according to a report by...
Zimbabwe ups efforts to stem illegal gold sales
ZIMBABWE is to intensify efforts to stem illegal gold flows by increasing surveillance at mining sites, said Bloomberg News.
Citing mines minister Winston Chitando, the...
Sibanye-Stillwater to halve Stillwater output, eyes $600-700m in metal sales
SIBANYE-Stillwater is to cut production at its US Stillwater palladium/platinum mine 200,000 ounces/year and is nearing additional prepayment deals on gold as well as...
Barrick to complete Lumwana expansion study by year-end
BARRICK CEO Mark Bristow said on Wednesday a study into the $2bn expansion of the group's Lumwana copper mine in Zambia was expected to...
B2Gold to extend Fekola after deal with Mali on mining code
B2GOLD is to proceed with extension projects, including an underground mining project, at its Fekola Complex after resolving a dispute with the Mali interim...