Village Main receives R1bn offer for Tau Lekoa

JSE-listed Village Main Reef said on Monday it was examining an unsolicited binding offer for its Tau Lekoa gold mine, in the North West, as well as a conditional offer for its Weltevreden assets. Tannous Investment Group, an Orkney-based...

Aberdeen sells gold royalties for $20.9m

Shares in Toronto-based mining investment company Aberdeen International climbed on Wednesday after the company announced an agreement to sell royalties in two South African gold mines to Premier Gold Mines’ new royalty vehicle, launched late...

Cultural change and systems redesign for gold producer

Future successes in deep-level mining will depend on the ability of miners to complete safe, predictable and productive shifts, says JSE-listed Village Main Reef COO Dalubuhle Ncube.

Village Main Reef says Q3 output 5% short of forecast

JSE-listed Village Main Reef reported on Thursday that its third-quarter gold production fell 2 021 oz short of its targeted output. The South African miner produced 38 508 oz in the quarter, ended March 31, which was 14% below the levels...

Simmers shares jump as gold output more than doubles

Gold-mining junior Simmer & Jack Mines (Simmers) has more than doubled its gold production in the September quarter, as the newly acquired Tau Lekoa mine started contributing to output. The South African gold miner produced 36 608 oz in its...

Goldplat profit declines, output marginally up

Africa-focused Goldplat raised its output only marginally in the 2010 financial year to 21 461 oz of gold, while its profit declined by almost 37%. The company’s output was only 2% higher than the 21 068 oz of gold produced in the previous...

Simmers sells TGME to Stonewall Mining for R25m

Gold-mining junior Simmer & Jack Mines (Simmers) announced on Thursday that it would sell its Transvaal Gold Mining Estates (TGME) to Stonewall Mining for R25-million. TGME's gold mining operations in Mpumalanga have been under...

Simmers Q1 gold production down 27%

Gold output by South African miner Simmer & Jack Mines (Simmers) fell 27% to 17 879 oz in the quarter ended June 30, 2010, mainly as a result of a 19-day safety closure at its Buffelsfontein mine. This was compared with the 24 541 oz of gold...

Buffelsfontein mine, South Africa

An underground mine, situated in South Africa

Simmers share price up as govt transfers Tau Lekoa rights

The depressed share price of Simmer & Jack Mines (Simmers) shot up by more than 20% on Wednesday on the news that South Africa's Department of Mineral Resources had transferred the mining rights of the Tau Lekoa gold mine to the loss-making...

Gold-miner Simmers ditches onerous rights offer

The board of JSE-listed Simmer & Jack Mines (Simmers) has ditched its onerous R360-million rights offer, approved more favourable funding alternatives and restructured its R220-million Rand Merchant Bank bridge loan agreement. New Simmers CFO...

Simmers reopens shafts closed after Buffelsfontein accident

Simmer & Jack Mines (Simmers) has reopened two shafts at its Buffelsfontein mine in South Africa's North West province, where three miners died in early May, and hopes to reopen the remaining four shafts by the end of the week. The Department of...