Developments in SA’s gold-mining industry

South Africa is currently the world’s fourth-largest gold producer, having been ousted from the number-one position in 2007, after over 100 years as the world’s largest contributor to global gold production.

Wits Gold raises R120m through share issue

Mid-tier gold miner Wits Gold has raised gross proceeds of R120-million, through the issue of just over 2,2-million ordinary shares at a price of R54 a share, to fund an acquisition and exploration in the Free State.

Wits Gold raises R120m for acquisition, Free State exploration

Gold exploration company Wits Gold on Monday said that it had raised just over R120-million to fund the Merriespruit South acquisition and planned exploration activities at the De Bron-Merriespruit (DBM) South area in the Free State. The JSE- and...

Wits Gold boosts Free State assets with R336m Harmony deal

Gold exploration company Wits Gold on Tuesday announced two transactions, to the value of R336-million, with gold-mining major Harmony Gold to advance the viability and value of its Free State gold assets. JSE-listed Wits Gold would obtain a...