Aurous “advances discussions” for $50m ahead of gold merger
AUROUS Gold said it had raised $7.5m as part of its proposed merger with New York listed blank cheque company Rigel Resources Acquisition Corp.
"Aurous...
Hummingbird’s Betts steps down amid strategic review
HUMMINGBIRD Resources announced on Friday an operational and strategic review in which it will cut costs, sell non-core assets and overhaul management, starting with...
So far, AngloGold is on the right side of Centamin pricing...
ANGLOGOLD Ashanti's surprise $2.5bn swoop on UK-listed gold miner Centamin ushers in a new phase for Alberto Calderon, who marks his third year as...
Asante Gold raises US$100m in share issue
CANADA'S Asante Gold Corp. said on Wednesday it had raised US$100m through the sale of shares to a strategic investor.
About 90.7 million shares were...
Pan African cracks US index after Van Eck takes 5.9% stake
PAN African Resources has been included in the influential GDX Index for the first time after New York fund manager Van Eck took a...
Gold Fields paid premium for Osisko to avoid ‘another Yamana’
GOLD Fields is one of the companies criticised for overpaying for assets following its C$2.16bn Osisko Mining takeover last month.
Concluded at a 55% premium,...
Gold industry CEOs say M&A will be disciplined
THE world's gold miners are back hunting for deals amid record prices for bullion, but unlike previous bull markets, they won't overspend buying growth,...
Cash flush Harmony never better placed to grow offshore
EXECUTIVES at Harmony Gold struggled to recall the last time the company had net cash. "Not in my lifetime," CEO Peter Steenkamp said in...
Russia discusses boosting mining ties with gold-rich Sudan
SUDAN, currently embroiled in a 17 month civil war, has discussed boosting cooperation in the mining sector with Russia, according to a report by...
Zimbabwe ups efforts to stem illegal gold sales
ZIMBABWE is to intensify efforts to stem illegal gold flows by increasing surveillance at mining sites, said Bloomberg News.
Citing mines minister Winston Chitando, the...