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…
SA miners fear the worst in mineral cadastre rollout
IN May 2024, then Orion Minerals CEO Errol Smart gushed: “I’m coming off an all-time high on hearing this news.” A day earlier, the South African government had signed an…
Egypt launches first aerial minerals survey in decades
EGYPT is to conduct its first comprehensive aerial mining survey in more than 40 years as the country seeks to identify untapped mineral deposits and attract foreign investment.…
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…
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…
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…
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…
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…
AngloGold bids $2.5bn in cash and shares for Centamin
ANGLOGOLD Ashanti has launched a $2.5bn share and cash takeover of Centamin, the 470,000 ounce a year African gold miner. The offer, which has received the irrevocable support of…
Centamin interim dividend is despite slow start to 2024
CENTAMIN is to pay out 53% of interim cash flow after declaring a 2.25 US cents per share dividend. The payout is on the back of a strong second quarter recovery at Sukari, its…
Centamin to lodge mining licence for Doropo following DFS
CENTAMIN, the UK-listed gold miner, will lodge an application to mine Doropo, its proposed $373m project in Ivory Coast following completion of a definitive feasibility study…
If gold’s rise is here to stay why are its biggest miners so pedestrian?
SHARES in Gold Fields have traded disappointingly so far this year, up barely 5% and only 13% higher in the past 12 months against record dollar gold pricing. In this regard,…
Saudi PGM smelter proposal may test SA Govt’s loyalties
PLATINUM Group Metals, a Canadian company better known by its Toronto trading code, PTM, has submitted a proposal to the government that will force it to weigh its desire for…