DRDGold to rekindle flame of optionality
DRDGold wants to convince gold investors that its surface retreatment operations contain a new kind of optionality.
Harmony halts plans for R6bn shaft
Harmony Gold Mining plans to delay the development of a R6bn shaft at its Evander mine in Mpumalanga.
Gold demand surges, ETFs rate high
Gold backed exchange traded funds helped power gold demand to a more than one third increase in the second quarter, the World Gold Council reported.
Simmers Q1 production falls 27pct
Shares in Simmers & Jack Mines fell more than 3 percent as the South African gold miner posted a 27 percent decline in first-quarter gold production.
Concourt to rule on mine indemnity law
South Africa's Constitutional Court will soon reach a decision on the special indemnity enjoyed by South African mines regarding the incurable lung diseases.
AngloGold inks deal for 51pct of gold project
Horizonte Minerals, the AIM-listed exploration and development company focused on mineral projects in Brazil, has announced that it signed a R32.7m earn-in agreement with AngloGold Ashanti.
Aurora concedes $2m funds “not enough”
Aurora Empowerment Systems acknowledged that the $2m it received in interim funds from Switzerland's Global Emerging Markets was insufficient to pay mine costs for more than a month.
Pan African ties future to New Hope
Fresh from its running battles with illegal miners, management at Pan African Gold believes its New Hope reef - in the oldest and largest of its three mines - can help lift output a quarter.
Pan African to increase production 25pct
After successfully stamping out illegal mining at its Barberton operations, junior gold mine Pan African plans to raise production by 25% over the next five years.
Aurora’s Grootvlei to get capital injection
Liquidator Enver Motala confirmed Aurora Empowerment Systems had received a sum of money to pay salaries at its mines and other basic services, but declined to divulge the actual amount.