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...
Sibanye-Stillwater unveils $500m bond to finance expansion
SIBANYE-Stillwater is to issue $500m in convertible bonds which it will use to finance the recently announced $155m acquisition of recycling operations in the...
Blyvoor Gold says underground protest over after declared illegal
BLYVOOR Gold said today an underground sit-in at its mine by "a minority of employees" had ended after the Labour Court declared the protest...
Tensions brewing at Blyvoor Gold were miners stage sit in
TENSIONS are brewing at the Blyvoor Gold mine on the West Rand near Carletonville where more than 800 workers have staged a sit-in underground,...
Gold Fields says progress “slower than expected” on AngloGold JV
GOLD Fields said it was taking longer than expected to conclude an agreement to form a joint venture with AngloGold Ashanti on adjacent mines...