Gold Fields lifts gold reserves 5pc
Gold Fields said gold reserves increased 5% to 80.6 million ounces assuming a gold
price of $1,300/oz.
Pan African sticks to its SA knitting
Pan African Resources CEO Jan Nelson says South Africa is still the best country in
Africa in which to develop and run the kind of mining projects he’s looking for.
Gold Fields evaluates options on uranium JV
Gold Fields hopes to make a decision within three months on the way forward for the
proposed West Rand tailings treatment JV with Gold One International.
Gold demand up in 2011 – WGC
Gold demand struck 14-year highs in 2011, driven by record investment buying in China, which may overtake India this year as the world's top consumer.
African Barrick Gold profit rises, trebles dividend
African Barrick Gold posted a 30% increase in core profit for 2011, as a rising gold price pushed margins to record levels, offsetting the impact of soaring costs.
AngloGold boosts dividend on record cash flow
AngloGold Ashanti pushes hard for an improved investment rating, surprising
analysts with a major dividend improvement and promising better returns in the
2012 financial year.
Paulson cuts gold ETF, upbeat view stays
Hedge fund manager John Paulson has cut his gold ETF bullion holdings by about $600m in the fourth quarter, a second straight reduction.
DRDGold to expand Ergo production
DRDGold is to spend R250m to increase gold production through improvements to its
Ergo treatment plant to raise gold recovery rates.
DRDGold will look to sell Village stake
DRDGold will not indefinitely stay a minority shareholder in Village Main Reef once the
Blyvoor transaction has been completed, says its CEO Niel Pretorius.
Gold not a reliable inflation hedge – study
Gold prices have been too volatile to play a reliable role as a hedge against inflation, shows a study of financial assets over the past 112 years.