Froneman nets R11m in ‘retention fee’
Gold One CEO, Neal Froneman, also praises shareholders for recognising the value of the firm's combination with the Chinese.
SA gold reserves increase 13% to $7.3bn
The 13% increase in the spot price of gold contributed to a surge in South African foreign reserves in August, the Reserve Bank said in a statement.
Namibia approves Gold One deal
A deal to secure a major Chinese shareholder was a step closer for Gold One today after Namibia gave the thumbs up to proposed transaction.
SA half-year gold output stable
South African gold production for the first six months of this year was only 1% down on output for the corresponding period last year, the Chamber of Mines said.
CRG may be forced to close mine
Central Rand Gold (CRG) may have to close its mine as early as next week after a government order, the Sunday Times reported, citing Bheki Khumalo, spokesman for the Department of Mineral Resources.
First Uranium gets through key test
First Uranium has successfully completed the testing of its gold plant at Mine Waste Solutions, yet there remain obstacle for the group to mount.
Gold One posts interim profit
Gold One International has reported a swing to an interim profit, from a loss, after it doubled its production and cashed in on a higher gold price.
Randgold Resources lowers output target
Randgold Resources has revised its full year production downwards after abnormal rainfall in Mali impacted on production.
DRDGold writes down Blyvoor
DRDGold has removed Blyvoor mine from its balance sheet; a move which CEO Niel Pretorius says isn't an indication that the distressed asset will be shut down soon.
Gold slides 3.5% as investors cash in gains
Gold has surrendered gains to fall 3.5%, as above-consensus US economic data lift stock markets.