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GOLD

Shanta posts first operating profit

East Africa-focused gold producer Shanta Gold on Monday announced its first operating profit of $11.1-million for the six months ended June 30. The company, which started commercial production in 2013 increased its gold production 10% year-on-year...
1st September 2014
 
GOLD

Stratex deal to buoy cash-strapped GoldStone’s exploration plans

Africa-focused gold producer GoldStone Resources says a recent funding deal with Aim-listed Stratex International will provide the capital-hungry explorer with sufficient cash resources to conduct meaningful exploration at its Ghana-based...
29th August 2014
 
TRADING UPDATE

Goldplat H2 performance purges H1 losses

An operating profit in the second half of the 2014 financial year has eliminated Aim-listed Goldplat’s first-half operating loss, the gold producer said on Wednesday. The group, which would release its full-year results on September 22, on...
27th August 2014
 
TOLL-MILLING AGREEMENT

Veris Gold agrees to treat Australian miner’s ore

Canadian gold producer Veris Gold on Friday said it had agreed to process refractory ore from ASX-listed Anova Metals’ Big Springs project at its Jerritt Canyon mill complex, in Elko County, Nevada. Under the terms of the agreement, Anova would...
22nd August 2014
 
COPPER/GOLD

Rambler Metals tops full-year output guidance

Junior copper and gold producer Rambler Metals & Mining on Thursday said it had exceeded its 2014 full-year output guidance by significant margins. The TSX-V- and Aim-listed miner, which currently operated the Ming copper/gold mine, in...
22nd August 2014
 
GOLD

Russia gaining ground in gold race - GRRG

The Gold Royalty Response Group (GRRG) has warned that Russia could replace Australia as the world’s second largest gold producer if it met production forecast by Russian lobby group Gold Industrialists’ Union. The Russian lobby group predicted...
19th August 2014
 
GOLD

Beleaguered Veris Gold reports Q2 loss despite higher sales, revenue

Canadian gold producer Veris Gold, which is currently operating under protection of the Companies' Creditors Arrangement Act (CCAA), late on Friday reported a net loss was $8.1-million, or $0.05 a share, in the three months ended June, despite...
18th August 2014
 
GOLD

Centamin declares maiden interim dividend, reports lower Q2 earnings

Sukari mine Egypt-focused gold producer Centamin on Thursday announced that a maiden interim dividend of $0.87 a share would be paid for the six months ended June 30, following the completion of the construction and commissioning of Stage 4 of its Sukari mine...
14th August 2014
 
GOLD

Blanket mine retains low-cost producer title in Q2, battles low grades

Reinforcing its position as a low-cost gold producer, on-mine costs for Caledonia Mining’s Blanket mine, in Zimbabwe, fell from $651/oz in first quarter to $624/oz in the second quarter ended June 30, while all-in sustaining costs fell from...
12th August 2014
 
GOLD

AngloGold Ashanti output up 17%, earthquake-hit mines restarting

AngloGold Ashanti CEO Srinivasan Venkatakrishnan South African gold major AngloGold Ashanti on Monday reported a 17% increase in production for the second quarter compared with the same period a year earlier, with its two new mines continuing to contribute lower-cost ounces, and a strong safety...
11th August 2014
 
CORPORATE SOCIAL INVESTMENT

Sibanye donates R25m to Wits and UJ, to spend R325m on education and training this year

NOTEWORTHY DONATION
The universities of Johannesburg and the Witwatersrand have each received a R12.5-million donation from Sibanye Gold for use in mining and engineering education
South African gold producer Sibanye Gold donated R25-million to the universities of Johannesburg (UJ) and Witwatersrand (Wits) towards mining and engineering education at an official handover ceremony held last month at its training academy in...
8th August 2014
 
RENEWABLE ENERGY

Iamgold to generate 15% of own electricity in 5 yrs – CEO Letwin

Rosebel PV Plant, Suriname Toronto-based gold producer Iamgold president and CEO Steve Letwin is championing the use of renewable energy as an opportunity for gold mines to reduce costs – a proposition that the company is testing through its Rosebel gold mine, in Suriname....
5th August 2014
 
 
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