Wia Gold lines up $360m deal for Kokoseb project
WIA Gold said on Monday it had signed indicative terms with Canada’s Sprott to borrow $360m for construction of Kokoseb, a proposed 150,000-ounce-a-year gold project in Namibia.…
Namibia’s gold rush is intact thanks to Wia, B2Gold
NAMIBIA’S gold industry is entering a defining period. Between now and 2030, billions of dollars in investment, several major discoveries and a fresh government strategy are…
Resolute greenlights $516m Côte d’Ivoire gold mine
RESOLUTE Mining has given the final thumbs up for its $516m Doropo project in Côte d’Ivoire, scoped in a recent feasility study to produce an average of 169,000 ounces of gold a…
Cash flush AngloGold plans $100m Geita expansion
ANGLOGOLD Ashanti said on Tuesday it planned to spend $100m expanding production a fifth at Tanzania mine Geita to 600,000 ounces a year. The New York-listed miner also said it…
Namibia’s desert riches keep on adding up
PERTH-based Wia Gold, helmed by the former Centamin team, is mapping a path to near-term production from its Kokoseb gold project in Namibia. Kokoseb has a resource of 66 million…
Gold miner ratings still sensible despite rampant metal
PAN African Resources is hoping a Main Market listing in London can help capture new investors who are underweight in gold or are looking for a replacement stock given the recent…
AngloGold to buy Nevada neighbour Augusta Gold for $111m
ANGLOGOLD Ashanti on Wednesday announced a $111m offer for Augusta Gold, a Toronto-listed business which owns gold-bearing tenements in Nevada’s Beatty District. The deal,…
AngloGold sells Brazil mine Serra Grande for $76m
ANGLOGOLD Ashanti said on Monday it had agreed the sale of its Brazil mine Mineração Serra Grande (MSG) which will be acquired by Aura Minerals for $76m. Aura Minerals is a…
Resolute reticent to commit to new Mali investment
RESOLUTE Mining said on Monday uncertain relations with Mali was preventing it from investing as much as $500m in a potential tripling of the size of its Syama mine. “It would be…
Gold Fields to do more to tackle ‘production cliff’ narrative
MINING executives are fond of claiming to follow value over volume strategies. In practice, they hardly ever do it. Why is this? Mines, otherwise known as ‘holes in the ground’,…
AngloGold explores other avenues for returns after stellar Q1
ANGLOGOLD Ashanti would consider additional shareholder returns if the gold price remained at current levels for the remainder of the financial year. This was after a…
AngloGold sells two Côte d’Ivoire projects to Resolute
GLOBAL gold miner AngloGold Ashanti has sold its Doropo and Archean-Birimian Contact (ABC) projects in Côte d’Ivoire to Resolute Mining in exchange for cash and Resolute’s…
Why 2025 is a window of possibility for JSE’s gold miners
SOUTH African gold producer margins are at record levels, which is normally the cue for a commensurate margin-damaging increase in unit costs. But perhaps not this time, argues…
AngloGold upgrades payout policy to 50% of free cash flow
ANGLOGOLD Ashanti has capped a strong year of share price gains unveiling today an upgraded dividend policy in which it would pay 50% of free cash flow and a base dividend of 50…
AngloGold Ashanti rebounds in Q3 with resounding profit
ANGLOGOLD Ashanti rebounded to a third-quarter profit on higher gold prices, after suffering a loss in the corresponding period due to restructuring costs and other one-off…
Centamin cash flow vaults ahead of AngloGold deal
CENTAMIN generated $103m in third quarter free cash flow, an increase year-on-year of 730%, and kept gold production guidance unchanged at 470,000 to 500,000 ounces for the year…
Egypt gives clearance to AngloGold takeover of Centamin
ANGLOGOLD Ashanti today said its proposed takeover of Centamin had been approved by the Egyptian competition authorities keeping the $2.5bn deal on course for its fourth quarter…
So far, AngloGold is on the right side of Centamin pricing risk
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 CEO of AngloGold this month. He…
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, said Bloomberg News. It…
AngloGold open to selling mines if Centamin deal passes muster
ANGLOGOLD Ashanti CEO Alberto Calderon said he was open to selling less profitable mines if the firm’s $2.5bn offer for Centamin announced today was approved. “In my view, you…