MOAB KHOTSONG
Harmony Gold prices $500m bond as growth capex ramps up
- David McKay
ANGLO AMERICAN
Former Anglo boss Cutifani joins Northern Star
AUSTRALIA’S Northern Star Resources has appointed former Anglo American CEO Mark Cutifani to its board, Bloomberg reported. Cutifani and mining engineer Peter Rozenauers will join as non-executive directors…
MINTAILS
Pan African says Mintails expansion to cost R3.68bn
PAN African Resources said it had cut capital expenditure on the expansion of Mintails gold tailings deposits by about R700m following a definitive feasibility study. A final investment decision on the…
EXPORTS
Switzerland bans Sudanese gold imports
SWITZERLAND has banned imports of Sudanese gold, including metal routed through third countries, according to a media release from development organisation SWISSAID on Thursday. The ban, which took effect on…
DEBT
Pan African to triple earnings despite testing edges of guidance
PAN African Resources said on Thursday it would report a tripling in full year headline earnings after increasing gold production amid a 54.8% increase in the average gold price. The…
DIVIDEND
Gold rally lifts West African Resources’ royalty bill
WEST African Resources (WAF) is facing a heavier government and regulatory burden in Burkina Faso, where it operates the Sanbrado and Kiaka gold mines. The Australian-listed miner paid A$181.5m in royalties…
BARRICK
Recovery at Gold Fields masked by permitting woes
IS Gold Fields being unfairly penalised for its struggles with regulators? Yes, in the view of analysts who say the firm’s lagging share price performance is at odds with its improving cash flow generation.…
GOLD
Harmony reports fatality at Moab Khotsong
HARMONY Gold said an employee was killed in a seismic incident at its Moab Khotsong mine near Orkney on Sunday. The Department of Mineral and Petroleum Resources (DMPR) is leading an investigation into the…
MINING
Barrick may delay North America gold IPO to 2027
BARRICK Mining is considering delaying the planned listing of its North American gold business until 2027, Bloomberg reported. The miner said previously it was targeting completion by the end of this year.…
GOLD INDUSTRY
Zambia targets $1.8bn from small-scale gold mining
ZAMBIA could unlock more than $1.8bn from its small-scale gold industry by bringing informal production and trading into the formal market, Bloomberg reported. Kakenenwa Muyangwa, CEO of Zambia Consolidated…
DEBT
“Juicy” mine ripe for expansion, says Sibanye-Stillwater’s Stewart
SIBANYE-Stillwater CEO Richard Stewart described the firm’s recently approved R5.5bn Mt Lyell copper project in Australia as “juicy” with significant resource expansion potential. It also contained…
MINING
West Wits keeps 200,000 oz plan alive despite study blip
WEST Wits Mining is pressing ahead with plans to increase gold production from its Witwatersrand Basin Project to 200,000 ounces a year despite being unable to publish a scoping study on the expansion. Shares…
GHANA
Policing illegal miners isn’t working. What will?
WHEN 87 illegal miners died underground at Stilfontein in 2024 – and 1,826 surfaced from abandoned shafts – the event was a symptom, not an aberration. The uncomfortable truth for South Africa is that illegal…
GOLD
Gold miners steal the spotlight from chip stocks
GOLD miners are dramatically outpacing chip stocks, with the MSCI global gold miners index up 43% in August, according to Bloomberg. The mining rally accelerated after the US Treasury unexpectedly expanded…
HARMONY GOLD
Harmony Gold sticks with gold hedging strategy after R10bn hit
HARMONY Gold says its hedging strategy continues to make sense after analysts questioned the approach following a nearly R10bn realised loss on its gold hedge book. The issue was raised during an analyst call…
MINING
Sibanye earnings set to surge on higher gold, PGM prices
SIBANYE-Stillwater is set to report a sharp rise in earnings for the first half of 2026, supported by higher gold and platinum group metal (PGM) prices and steady operations. The miner expects headline…