West African to pay out half of profits, but warns of unrest
WEST African Resources (WAF) expects full-year profit to come in at more than twice its first-half figure, with the gold miner set to pay its maiden dividend. Speaking at the…
Burkina Faso joins Africa’s gold refining drive
BURKINA Faso has opened its first gold refinery as it seeks to process more of its mineral wealth at home, Bloomberg reported. State-controlled Raffinor BF, built for $19m, can…
Gold Fields threatens to walk from Aussie tilt
GOLD Fields was prepared to walk away from a bid for Northern Star Resources, saying on Monday its $27bn offer did not “define” the company. “We really don’t feel we need to do…
Pan African poised for rerate as growth options abound
A R500m share buyback could be money well spent for Pan African Resources, the JSE-listed gold miner. Most analysts think the company is on the cusp of a rerate following its…
Caledonia closes in on funding for $600m Bilboes project
CALEDONIA Mining said it was close to securing further funding for its Bilboes gold project in Zimbabwe, with a $150m interim bank facility due to close as early as October. The…
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.…
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…
What resource nationalism means for Africa’s miners
Governments across Africa are seeking to assert greater control over their mineral wealth by rewriting mining codes, demanding larger equity stakes or greater local…
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…
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…
Harmony Gold dividend soars as earnings jump 87%
HARMONY Gold reported a sharp increase in earnings in FY26 as a higher gold price and the first contribution from its newly acquired CSA copper mine boosted its financial…
Gold price boost lifts DRDGold profit 83% in ‘year of delivery’
DRDGOLD benefited from a 40% increase in the average gold price in its 2026 financial year, helping operating profit jump 83% even as the company invested R3.5bn in expansion…
For Sibanye-Stillwater, home is where the ore is
SIBANYE-Stillwater got its name as a result of offshore expansion, but following a damaging decline in metal prices that exposed its balance sheet, its new CEO is promising a…
SA mining slump deepens as output falls 4% in June
South Africa’s mining production fell 4% year-on-year in June 2026, extending the sector’s weakness after a 5.1% decline in May. According to the latest Statistics South Africa…
DRDGold earnings set to nearly double as projects deliver
DRDGold expects full-year earnings to rise by as much as 95% after higher gold prices and better-than-expected production. Key projects in its Vision 2028 expansion also moved…
Barrick’s $1.95bn Newmont deal clears path to IPO
BARRICK Mining has cleared a significant hurdle ahead of its proposed North American IPO after reaching an agreement today with rival Newmont to expand their Nevada Gold Mines…
DRDGold needs SA’s dilatory Govt to play ball. Will it?
THE mining of surface gold dumps ought to be much simpler than underground mining. Instead of descending into the earth’s depths, which poses challenges from ventilation to…
Mali gold output to stay below 60 tons
MALI’S industrial gold production will remain under 60 tons a year through 2029, according to a mines ministry plan reviewed by Reuters, prolonging a downturn linked to a…
Ghana jails opposition figure over illegal mining
GHANA has sentenced a senior opposition politician to 20 years in prison over charges tied to illegal mining, said Bloomberg News citing a report by Joy FM – a privately-owned…
Sibanye-Stillwater will look to Africa for new gold output
SIBANYE-Stillwater has raised the prospect of weighing new gold acquisitions in Africa when returns to dealmaking in the future. “I can speculate on where I see our gold future…