Hummingbird shores up balance sheet with $30m placement
HUMMINGBIRD Resources on Thursday took steps to shore up its balance sheet announcing terms of a $30m share placement with institutions, led by investment...
Sibanye-Stillwater secures 45% of SA renewable power target
SIBANYE-Stillwater said it had procured 178MW of renewable power from two projects taking total wind and solar power supplied to its South African mines...
Blyvoor Gold valued by US-listed takeover partner at $425m
RIGEL Resource Acquisition Corporation, a New York-listed 'blank-check' company was in talks to combine with South African gold miner Blyvooruitzicht Gold Mining (Blyvoor Gold),...
Gold surges to high but risk of short-term pull back
THE gold price surged to its highest level since the Covid pandemic amid growing expectations for US rate cuts early next year. This was...
Sibanye-Stillwater to retrench 575 from SA gold operations
SIBANYE-Stillwater is to retrench 575 employees, mainly from its Kloof 4 shaft, in an effort to stem losses at its South African gold mining...
Perseus builds 19.9% stake in Tanzania gold developer OreCorp
PERSEUS Mining said today it had accumulated a 19.9% stake in gold developer OreCorp which is currently under offer from a third party. Listed...
Half of Pan African shareholders oppose firm’s executive pay
NEARLY half of shareholders who voted at Pan African Resources annual general meeting on November 23 declined to support the company's scheme for executive...
Mali agrees Russia deal to build Africa’s largest gold refinery
MALI signed an agreement with Russia to build a gold refinery in Bamako in a development Reuters described as further evidence western influence in...
What Sibanye-Stillwater’s bond says about its prospects
SHARES in Sibanye-Stillwater were hammered yesterday as investors took short positions while others bailed on the stock.
This was after the precious metals miner announced...
Pan African raises confidence in higher end of 2024 gold target
PAN African Resources increased forecast production for its 2024 financial year to between 180,000 to 190,000 ounces following a strong showing in the first...