Focus faces increased costs at Coolgardie

Despite reporting its second-best quarter on record, gold miner Focus Minerals has reported that operating costs for its Coolgardie operation increased, owing to an unscheduled mill recline and shutdown costs. During the three months to December,...

Goldcorp agrees to higher 5% royalty in Guatemala

Canada’s second-biggest gold miner, Goldcorp, has struck a deal with Guatemala to increase its royalty rate by four percentage points to 5% of gross revenue, the company said on Friday. The government announced the previous day that royalties...

Top-ranking companies to give main stage presentations

Tanzania’s largest gold miner African Barrick Gold (ABG), exploration company Extract Resources and copper producer Anvil Mining are expected to participate in the main stage presentations at this year’s Investment in African Mining Indaba.

Evolution meets guidance, McFadzean steps down

ASX-listed Evolution Mining has reported gold production of 89 812 oz during the three months to December, following the successful merger between Catalpa Resources and Conquest Mining. In its first quarterly results report, the merged entity...

Newcrest lifts Dec quarter gold output

Australia’s largest gold miner Newcrest on Tuesday reported a 3% quarter-on-quarter increase in gold production, as mill throughput increased at the Gosowong and Lihir operations. During the three months to the end of December, Newcrest...

Gold One completes Rand Uranium acquisition

South African miner Gold One on Monday reported it had completed the acquisition of Rand Uranium for $250-million, after fulfilling all the conditions precedent. Gold One said in a statement that it had now settled $137.7-million of the purchase...

Harmony suspends PNG JV operation after quake

Operations at the jointly held Hidden Valley gold project, in Papua New Guinea, have been temporarily suspended following a 7.1 magnitude earthquake. The mine, which is jointly held by ASX-listed Newcrest Mining and South African gold miner...

Harmony Gold to cancel UK listing

South Africa-based gold miner Harmony Gold has requested to be delisted from the LSE and the UK Official list, citing a lack of trading demand. Harmony, which has a main listing in Johannesburg, said in a statement that it no longer saw any...

Jaguar falls on TSX after CEO's sudden departure

Brazilian gold miner Jaguar, which last month became the subject of takeover rumours, fell nearly 10% on Wednesday, after announcing the sudden departure of CEO Daniel Titcomb. TSX-quoted Jaguar said last month it decided to “explore...

Mount Cartlon granted mining lease - Evolution

The Queensland government has formally granted the mining lease for gold miner Evolution Mining’s Mount Carlton gold/silver/copper project. The mining lease has been granted for a period of 25 years.

Gold One exceeds production expectations

South Africa focused gold miner Gold One on Tuesday said that it was on tract to exceed its 2011 production target of 120 000 oz of gold. Production for the quarter ended December was currently around 23 742 oz of gold, with year-to-date...

Zim indigenisation 'a political football' - Caledonia CEO

Caledonia Mining, the Toronto- and London-listed Zimbabwean gold miner, does not expect to finalise a sale of a stake to locals until the run-up to an election. CEO Stefan Hayden said the indigenisation law, which requires companies operating in...