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.…
Perseus opens the taps on shareholder returns
PERSEUS Mining has unveiled a more generous dividend policy after record cash generation in its 2026 financial year, promising shareholders a minimum 20% of operating cash flow…
Perseus buys into neighbour Aurum’s exploration activities
WEST AFRICAN gold miner Perseus Mining’s recent investment in 9.9% of Aurum Resources for A$23.7m could have potential synergies in future, Perseus MD and CEO Craig Jones said.…
Perseus sells Sudan gold prospect as civil war rages on
PERSEUS Mining has thown the towel in on its Sudan gold exploration holdings agreeing to the sale of Meyas Sand Gold Project to China’s Matrix Group for $260m (A$370m). The…
Central banks target gold smuggling with buying schemes
MADAGASCAR’S central bank governor Aivo Andrianarivelo is leading efforts to combat gold smuggling as criminal gangs use aircraft and helicopters to traffic an estimated 20 tons…
Pan African hits high note amid unstinting gold price
GOLD was expected to remain at “extremely attractive” levels during Pan African Resources’ 2026 financial year, said the firm’s CEO Cobus Loots who added that investment in gold…
Record gold prices fuel Sudan’s deadly civil war
RECORD-high gold prices are driving a mining surge in Sudan, providing crucial revenue for the country’s warring factions to finance their brutal conflict, said the Financial…
Perseus Mining lays out $878m, five-year gold plan
PERSEUS Mining on Wednesday set down a five-year gold production plan that will require $878m in development capital including the Nyanzaga Gold Project in Tanzania, the…
SA’s best performing gold stock takes strategy to Australia
IT’S been a breakout year for Pan African Resources, the Joburg- and London-listed gold miner. Its share cruised to a new record high last month, but according to several banks,…
Pan African unveils $54.2m push into Australian gold
PAN African Resources on Tuesday announced the $54.2m acquisition of Tennant Consolidated Mining Group, a privately held company in Australia that owns the Nobles Gold Project,…
High flying Pan African weighs doubling up on Mintails
SHARES in gold miner Pan African Resources have doubled this year, which is normally a signal to investors to steer clear of the company. At just over 33p a share, the company is…
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…
Russia discusses boosting mining ties with gold-rich Sudan
SUDAN, currently embroiled in a 17 month civil war, has discussed boosting cooperation in the mining sector with Russia, according to a report by Bloomberg News. Citing a…
Perseus increases stake in Predictive Discovery to 19.9%
PERSEUS Mining today increased its stake in Predictive Discovery to 19.9% after buying a 13.82% foothold in the company last month. However, Perseus said a takeover for Discovery…
Perseus caps all-action year with A$100m share buy-back
PERSEUS Mining capped a strong, high activity performance for its 2024 financial year by announcing a A$100m share buy-back programme. Jeff Quartermaine, MD and CEO of the…
SA’s Government of National Unity on “a knife-edge” – Froneman
SOUTH Africa was on “a knife edge” and would lose the support of business if the government of national unity (GNU) fails to “treat everyone fairly”, said Neal Froneman, CEO of…
Perseus restarts exploration at Meyas Gold project in Sudan
THE resumption of drilling at the Meyas Sands gold deposit in Sudan was a “positive step” for the prospect, said Jeff Quartermaine, CEO of Perseus Mining. The Australian miner…
Perseus Mining declares OreCorp cash bid final
PERSEUS Mining declared its cash offer for OreCorp of A$0.575 per share final and unconditional on Monday after accumulating a stake of 51.03% in the gold development company.…
Perseus says Sudan gold project “not lost to company”
PERSEUS Mining, the Australian listed gold miner, said it expected to eventually develop a mine in Sudan despite conflict in the North African nation. Bloomberg News cited Jeff…
Kenmare MD announces plans to step down in August
KENMARE Resources’ founding MD Michael Carvill is to step down from the company in August ending neary 40 years with the mineral sands miner. “As I turn 65 later this year, I…