AngloGold Ashanti Q1 earnings up, beat expectations

Africa's biggest gold miner AngloGold Ashanti posted first-quarter earnings Thursday that exceeded expectations as it cashed in on a higher gold price, improved margins and a $90-million net tax credit. Production fell 6% to 981 000 oz after...

Alamos Gold profit jumps on higher prices

Canadian miner Alamos Gold reported a 65% jump in first-quarter profit mainly on robust gold prices and a tax gain. Net income rose to $29.5-million, or 24c per share, from $17.9-million, or 15c a share, a year ago.

Randgold profit soars, higher production forecast

London- and Nasdaq-listed Randgold Resources on Monday posted a profit increase of 259% for the year ended December 2011, as output climbed at its African mines. The company, which attributed the significant growth to increased production,...

Third-quarter production at Katanga up 64%

Glencore unit Katanga Mining, which produces copper in the Democratic Republic of Congo, on Friday reported a slight dip in third-quarter profit to $20.6-million, impacted by an unrealised mark to market adjustment. Production surged 64% to 53...

Harmony production falls in the March quarter

Gold miner Harmony reported a 32% increase in March-quarter headline earnings to 91c a share, but gold production and revenue fell. Production dropped 2% quarter-on-quarter to 9 857 kg, or 316 909 oz, and revenue fell by 1% as a result of a 330...

Centerra posts Q2 profit, declares first dividend

Toronto-based Centerra Gold earned $29,8-million in the second quarter, compared with a $79,6-million a year ago, buoyed by strong gold prices and increased production volumes. The company, which produces gold from the Kumtor mine in Kyrgyzstan...

DRDGold aims to increase output by a third to return to profit

DRDGold, South Africa's fourth-biggest gold producer, plans to increase production by a third this year, seeking to reverse three consecutive annual losses. DRDGold will raise output at its Australasian unit by half after repairs to mines in Fiji...

Gold Fields profit climbs 25% after bullion gains

Gold Fields Ltd., South Africa's second-biggest gold producer, said fourth-quarter profit jumped 25% after bullion rose to a record in local currency and it curbed cost increases. Net income rose to R604-million, or R1,22 a share, in the three...

Higher costs hit Ashanti's earnings

Gold miner Ashanti Goldfields, which is in merger talks with South Africa's AngloGold, said higher costs would take their toll this year, dragging first-quarter earnings 59% lower.