Harmony posts record free cash flow, but sticks to dividend policy
HARMONY Gold generated record operating free cash flow of R12.74bn for its 2024 financial year ended June but it opted against a special dividend...
Resolute bolsters balance sheet with $140m in senior debt
RESOLUTE Mining has raised $60m in debt boosting its plans to expand gold production in West Africa where it currently operates two mines.
Senior debt...
Ghana targets massive increase in gold production
GHANA will commission its first large-scale greenfield mine in more than a decade in November, with expected annual production of more than 350,000 ounces.
Martin...
Congo looking for buyers of artisanal gold
THE Democratic Republic of Congo is looking for new buyers of artisanally mined gold from its eastern territories after taking full control of Primera...
Sibanye-Stillwater earnings plummet as axe hovers over US mine
SIBANYE-Stillwater will report a more than 100% decline in basic earnings for six months ended June owing to depressed metal prices which resulted in...
Resolute in ‘best position’ for years as net cash grows
RESOLUTE Mining, a gold mining firm operating in West Africa, was in its "strongest position for several years" having built net cash reserves of...
Perseus caps all-action year with A$100m share buy-back
PERSEUS Mining capped a strong, high activity performance for its 2024 financial year by announcing a A$100m share buy-back programme.
Jeff Quartermaine, MD and CEO...
Endeavour settles sale dispute on Burkina Faso mines
ENDEAVOUR Mining said on Tuesday it had ended legal proceedings with Lilium Gold, a Burkina Faso company with which it had agreed in 2023...
South Africa’s illegal gold mining is surging again
Against the backdrop of record high prices for gold, Sibanye-Stillwater has reported a surge in illegal mining incidents and arrests around its South African...
Harmony Gold to write down Target North by R2.79bn
HARMONY Gold plans to write-down its Target North gold resource in the Free State province for R2.79bn – a development that takes the gloss...