Stock in North American gold major recovers

Shares in gold miner Placer Dome rose over 5% in Toronto on Wednesday, recovering further from a dramatic 75% slide between May and July.

Gold miner raises $60m in note issue

South African gold miner, Durban Roodepoort Deep (DRD), has successfully raised $60-million – primarily to fund growth – through the issue of four-year 6% Senior Convertible Notes, mainly to investors in North America and Europe,...

Aussie gold miner posts higher earnings

Australia's AurionGold posted a September quarter net profit of A$24-million ($13-million) yesterday, as the sale of its Zimbabwe platinum interests offset the cost of disruptions to gold mining in Papua New Guinea.

Free State miner begins to deliver for gold group

South African gold miner Avgold was performing “satisfactorily”, said management at the mine’s quarterly financial results presentation yesterday, showing an operating profit that increased to R33-million from a loss of...

Canadian miner launches new exploration in Free State

Canadian gold miner, Thistle has announced an 18% increase in its mineable reserves at the President Steyn gold mining complex in the Free State region of South Africa.

Gold miner’s beneficiation strategy pays off

South African gold miner Harmony said, in its annual report released yesterday, that its beneficiation strategy has paid off with significant progress made over the past few years with the marketing of its refines products.

BEE gold miner to float ADR in 2003

South African gold miner, ARMGold, that went public in Johannesburg in May, intends to float an offering of American Depositary Receipts (ADRs) early next year, Executive Chairman Patrice Motsepe said Wednesday.

Gold groups take steel giant to competition body

Gold miner Harmony announced today that it had launched a complaint with the Competition Commission against steel company Iscor.

Gold miner, unions sign Aids agreement

Gold miner Harmony, the National Union of Mineworkers (NUM), the South African Equity Workers Association (SAEWA) and the United Association of South Africa (UASA) on Friday pledged their support, by signing an agreement that is based on the...

Hostile gold bid extended yet again

Canada-based gold miner Placer Dome extended its hostile cash and scrip bid for Australia's AurionGold on Tuesday, by 10 days until September 20.

SA gold firm closes out 2004 gold hedges

UK-listed gold miner, Randgold Resources said yesterday it had closed out 148 500 ounces of call options for 2004. This was in line with Randgold's strategy of maintaining the fullest possible exposure to the gold price, CE Mark Bristow said.

Ghana gold group's results buoyed by gold price

African gold miner Ashanti Goldfields yesterday reported a 33% rise in second-quarter earnings, with higher gold prices and a shrinking interest bill outweighing a fall in production.