GOLDMAN SACHS
Barrick may delay North America gold IPO to 2027
- Staff Writer
MINING
Gold miners steal the spotlight from chip stocks
GOLD miners are dramatically outpacing chip stocks, with the MSCI global gold miners index up 43% in August, according to Bloomberg. The mining rally accelerated after the US Treasury unexpectedly expanded…
COPPER
Harmony Gold sticks with gold hedging strategy after R10bn hit
HARMONY Gold says its hedging strategy continues to make sense after analysts questioned the approach following a nearly R10bn realised loss on its gold hedge book. The issue was raised during an analyst call…
SIBANYE STILLWATER
Sibanye earnings set to surge on higher gold, PGM prices
SIBANYE-Stillwater is set to report a sharp rise in earnings for the first half of 2026, supported by higher gold and platinum group metal (PGM) prices and steady operations. The miner expects headline…
DEBT
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 performance. The miner generated a…
DIVIDEND
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 while retaining scope for…
MINING
Ghana bans unrefined gold dore exports from 1 September
GHANA’S GoldBod has ordered that artisanal gold dore bought by self-financing aggregators must be refined domestically before export from 1 September, Reuters reported. The directive marks another step in…
MIKE FRASER
Gold Fields sticks to 2029 Windfall target despite permit delay
GOLD Fields still expects first gold from its Windfall project in Canada in 2029 despite delays in getting environmental approval that have eaten into the summer construction season, CEO Mike Fraser said on…
GOLD
Gold Fields flags Ghana risk as profits surge
Gold Fields has warned that uncertainty over the renewal of mining leases at its Tarkwa mine in Ghana could have a “material and adverse” impact on the company. This caution comes as higher gold prices and…
GHANA
Cash crunch hits Ghana’s state gold-buying scheme
COMPANIES licensed to buy gold for Ghana’s GoldBod face funding delays of up to three weeks, Reuters reported. Some have stopped buying gold. Others are borrowing to keep trading. The squeeze follows the Bank…
SAFETY
CAR orders shutdown of informal gold mine after deaths
CENTRAL African Republic authorities have ordered the closure of an artisanal gold mine near the border with Cameroon after a collapse killed at least 49 people, Reuters reported. Mines Minister Rufin Benam…
SIBANYE STILLWATER
Johannesburg is having a gold rush … Sort of
THE last time gold was as valuable, prospectors, gamblers, bounders and other rakes were united in scouring the globe – from California to Johannesburg – with their pickaxes and pans in search of a few grains…
GOLD
Let mine waste pay for mining’s cleanup, says Niël Pretorius
DRDGOLD CEO Niël Pretorius has spent much of the past two decades trying to show that cleaning up the legacy of South Africa’s gold mining industry does not simply have to be an expense. The gold tailings…
CHROME
DRDGold won’t rush Withok as tailings project slips to 2029
DRDGOLD is giving itself more time to develop its Withok tailings storage facility, saying the long-term importance and complexity of the project mean it cannot afford to rush its construction. Withok, one of…
DRDGOLD
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 projects. “This was a year of…
BAUXITE
Resolute, Nimba launch Guinea gold venture
Resolute Mining and Guinea’s state-backed Nimba Mining Gold have formed a joint venture to explore and develop gold projects in Guinea, expanding a partnership first announced earlier this year, Reuters…