Gold harder to find than ever before as junior sector ‘hurts’
DIGGING in Egypt’s Eastern Desert, 25km from the Red Sea, geologists for Centamin, a UK-listed gold miner, turned amateur archeologists when they stumbled on...
Burkina Faso raises royalties on gold production
BURKINA Faso has introduced a new royalty an gold sales which takes into account gold prices above $1,500 per ounce whereas previously it levied...
DRDGOLD suffers 18% q-on-q knock in first quarter ebitda
DRDGOLD reported an 18% knock in first (September) quarter ebitda which came out at R365.8m despite increasing production 5% to 41,281 ounces.
In a comparison...
Hundreds of East Modder mineworkers return to surface
SOME miners have emerged from the underground workings of Gold One's Modder East mine where more than 500 have been held underground since Sunday.
At...
Perseus raises prospect of special dividend after cash flourishes
PERSEUS Mining increased cash and bullion to $594m at the close of the September quarter which CEO Jeff Quartermaine said boosted the firm's chances...
Over 500 miners held hostage underground at Springs mine
AN estimated 543 miners are being held hostage in an underground gold mine in Springs, east of Johannesburg by the Association of Mineworkers &...
Lily Mine collapse a failure of Govt. to tackle illegal mining
AN INQUEST into the 2016 Lily Mine disaster, in which three people were killed after a catastrophic collapse of ground at the Mpumalanga operation, was...
Centamin says Sukari production to rise in 2024
EGYPTIAN gold miner Centamin has targeted gold production of between 470,000 to 500,000 ounces for the 2024 financial year which it hoped to mine...
What does Mike Fraser as CEO mean for Gold Fields?
GOLD Fields has a new leader. But much to the market’s relief, strategy is not expected to change. Mike Fraser, a former BHP and...
Centamin lifts Sukari’s life of mine gold output
CENTAMIN today published a new mine plan for its Sukari gold mine in Egypt in which production would average 506,000 ounces a year for...