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…
AngloGold unveils $2bn buyback as registers record cash flow
ANGLOGOLD Ashanti on Friday unveiled plans for a $2bn share buy-back following another quarter of record free cash flow. Announcing its first quarter numbers, the New York listed…
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…
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…
Horgan sets out Centamin’s growth mandate for 2024
CENTAMIN, the Egyptian gold miner, has targeted gold production of 470,000 to 500,000 ounces for the 2024 financial year after meeting guidance last year and beating the firm’s…
Gold harder to find than ever before as junior sector ‘hurts’
DIGGING in Egypt’s Eastern Desert, 25km from the Red Sea, geologists for Centamin, a UK-listed gold miner, turned amateur archeologists when they stumbled on evidence of mining…
Centamin says Sukari production to rise in 2024
EGYPTIAN gold miner Centamin has targeted gold production of between 470,000 to 500,000 ounces for the 2024 financial year which it hoped to mine at an all-in sustaining cost of…
Centamin lifts Sukari’s life of mine gold output
CENTAMIN today published a new mine plan for its Sukari gold mine in Egypt in which production would average 506,000 ounces a year for the next nine years and contribute to a 5%…