Randgold profit doubles, output climbs

London- and Nasdaq listed Randgold Resources doubled its first-quarter profit and increased its production 19% year-on-year, despite the political upheaval in Mali. Profit increased to $104-million year-on-year, while output climbed to 165 443...

Goldplat profit soars, targets 1Moz resource by year-end

Aim-listed Goldplat on Monday reported strong growth for the six months to the end of December on the back of increased efficiencies at its gold recovery plants in South Africa and Ghana, and producing first gold at its Kilimapesa project, in...

AngloGold using multicontinent discovery strategy to hit 5.5Moz/y target

Gold major AngloGold Ashanti is using a promising low-cost strategy of discovery and development to attain its stretch target of 5.5-million ounces of gold a year by 2014. Marking gold’s current global flourish with a cash-gushing,...

Geita mine, Tanzania

An openpit mine situated in Tanzania.

AngloGold using multi-continent discovery strategy to hit 5.5Moz/y target

AngloGold Ashanti is using a low-cost strategy of discovery and development to attain its target of 5.5-million ounces of gold a year by 2014.

Iamgold could IPO Niobec, considers options for minority mine stakes

Toronto-based Iamgold continues to look for ways to get better market recognition for its niobium mine in Quebec, and may also sell its minority interests in two mines in Ghana, CEO Steve Letwin said on Friday. The company believes the market is...

AngloGold ‘hedge cut’ to fertilise superabundant organic growth options

JSE- and NYSE-listed gold major AngloGold Ashanti is being given all the help it needs to obliterate its toxic hedge book absolutely. Clippings from the complete “hedge cut” - in the form of eventual extra free cash flow - will be used to...

AngloGold 'hedge cut' to 'fertilise' organic growth pipeline

JSE- and NYSE-listed gold major AngloGold Ashanti is being given all the help it needs to obliterate its toxic hedge book – totally. The "clippings" from the "hedge cutting" – in the form of eventual extra free cash flow – will be used to...

State-owned Transnet wants copper classified as ‘precious metal’, losing 1t daily to theft

State-owned freight logistics group Transnet wants copper to be classified as a ‘precious metal’ as it continues to lose about 1 km of copper cable daily to theft, the equivalent of a ton of copper. The utility says that ongoing theft had...

Break in dollar-gold relationship good news for SA producers

South African gold miners’ eyes must have lit up on Friday. Not only did the yellow metal vault to a new record in dollar terms, but it also topped R300 000/kg for the second time ever, which is far more crucial to them. The gold price is the...

AngloGold sees permit for Colombia project soon

AngloGold Ashanti, the world's No. 3 gold producer, is confident authorities will soon grant a water permit to resume exploratory works at the La Colosa gold project, a top executive told Reuters on Thursday. Rafael Herz, AngloGold's chief...

DRC could rank with Ghana, Tanzania in 10 years – Banro chair

Investors will become increasingly comfortable with mining in the Democratic Republic of Congo, which has the potential to become the largest gold producer in Africa, Banro Corp chairperson Simon Village said on Tuesday. “I believe the DRC,...