Moody’s takes a shine to AngloGold
Moody's expects the elimination of its hedge position will boost AngloGold Ashanti's future operating profitability and cash flow generation.
Num: revoke Pamodzi Gold liquidation
The Num says it is concerned that assets at Aurora's mines are being sold as scrap, saying the "obviously failed" liquidation of Pamodzi Gold should be nullified.
Gold Fields faces South Deep strike
Gold Fields says National Union of Mineworkers members at its South Deep mine will go on strike following a fight over employee-management relations.
Lower earnings for SA gold mines
September quarter results from the main South African gold producers will be down on levels reported for the June quarter, because of cost increases and the impact of the strong rand.
Harmony gets nod for Wafi-Golpu
Harmony Gold has obtained approval to start developing its Wafi-Golpu gold project in Papua New Guinea.
Don’t trust gold shares
For many years - perhaps forever and currently too - investors have believed the prices of gold shares will outperform the gold price itself, even if the latter increases.
DRDGOLD: time for ‘waffling’ to end
DRDGOLD CEO Niel Pretorius has given an impassioned but forthright assessment of how exorbitant costs, uncertainty and nationalisation talks are hurting SA's mining industry.
Power hikes hit DRDGOLD
Eskom's winter power surcharge and wage increases have cut into the fortunes of gold producer DRDGOLD, which reported a 24% quarterly decrease in operating profit.
Rising gold output ‘not sustainable’
Recent growth in SA's gold production output is unlikely to be sustained, given the growing cost competitiveness of mines located elsewhere, says Fitch.
Harmony to close Merriespruit shaft
Harmony Gold says it will be closing its Merriespruit 1 shaft in Virginia after the failure of a productivity-linked deal with unions.