Gold Fields in Phillippines venture
Gold Fields may pay up to $340m for control of a gold/copper deposit in the Phillippines in an effort to source one million ounces of gold a year from the Australasia region.
AngloGold raises $1.58bn to close hedge book
AngloGold Ashanti has exercised an over-allotment option on its share and bond issue to help raise an overall $1.58bn to close its hedge book.
AngloGold Ashanti to speed up growth
AngloGold Ashanti intends using the extra $600m it will earn in free cash flow annually through removing the gold hedge to speed up its growth projects, two of which are in South Africa.
AngloGold Ashanti to eliminate hedge book
AngloGold Ashanti is to raise around $1.5bn through the issue of shares and convertible bonds and will use the proceeds to knock down its remaining gold hedge book.
Pipeline to boost DRDGOLD resource
Junior gold miner DRDGOLD says a pipeline and plant expansion project at its Ergo and Crown operations would up its potential resource.
DRDGold unveils R300m Ergo proposal
DRDGold is to spend R300m gaining access to the Ergo mine dumps that will take total surface resources to 600 million tonnes.
Gold soars to record high
Investors are taking stock of global economic prospects and seeking refuge in safe haven assets.
Ergo a winner for DRDGold
The Ergo project is now delivering healthy profits for DRDGold with more to come as the fine-tuning is completed and it will also extend the lives of the Crown and City Deep treatment plants
Gold Fields to up South Deep output 25 percent
Gold Fields believes its South Deep mine, on the west Rand of the Witwatersrand, can produce one million oz/year.
Simmers sells TGME
Simmer and Jack Mines has sold its mothballed Transvaal Gold Mining Estates division to an unlisted junior mining company run by a former associate of Peter Skeat.