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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
 
GOLD

Goldcorp positioned for 'prolonged' period of production growth

Canadian gold producer Goldcorp on Thursday said it was positioned for a “prolonged” period of production growth as three significant construction projects would be completed by 2015. Three new gold projects under construction underpinned...
31st July 2014
 
GOLD

Newmont OKs $1bn Suriname mine development, lifts Q2 profit

Denver, Colorado-based gold producer Newmont this week announced that it would proceed with developing the $1-billion Merian gold mine, in Suriname, the first new big gold-mining project announces by a major miner since a wave of project...
31st July 2014
 
GOLD

Northern Star shifts focus to profitability, mine-life projects

Gold miner Northern Star Resources on Thursday said that the company’s focus would shift to extending the mine lives at each of its five operations, and to increase profitability, after it achieved its target of becoming the second largest...
31st July 2014
 
GOLD

Barrick Gold reports Q2 loss as Saudi impairment charge weighs

The world largest gold producer Barrick Gold on Wednesday reported a second-quarter loss of $269-million, or $0.23 a share, weighed down in the three months ended June 30 by an impairment charge of $514-million related to the long-delayed Jabal...
31st July 2014
 
GOLD

Centerra sure of security of tenure as Kyrgyz negotiations drag on

Kumtor, Kyrgyz Republic Canadian gold producer Centerra Gold is confident that the right to own and operate its flagship Kumtor gold mine, in the Kyrgyz Republic, is secured by acts of law, as the company forges ahead in ironing-out issues in 18-month-long negotiations...
30th July 2014
 
 
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