Gold miners set for strong Q2 despite cost pressures
GOLD producers are on track to post substantially higher second-quarter earnings on the back of firmer bullion prices, though rising energy costs tied to the Iran war likely…
A spat over share buy-backs a happy problem for gold investors
ANGLOGOLD Ashanti on July 13 urged shareholders to support a resolution to buy back up to $2bn worth of its own shares after proxy advisory ISS questioned the tactic. “Given the…
Pan African gold project draws investor interest
PAN African Resources said it had received offers from potential co-investors in a proposed underground gold expansion in South Africa. The miner announced in February it was…
Gold miners yet higher as bullion reaches fresh peak
SHARES in gold mining companies surged on Monday after bullion prices climbed to a record $5,100 per ounce, extending a historic rally fuelled by safe-haven demand amid…
Activist investor emerges as candidate for Barrick role
ACTIVIST investor Mick McMullen has positioned himself as a contender for the CEO position at Barrick Mining, telling The Globe and Mail that major shareholders have approached…
Elliott stake fuels Barrick restructure talk
ACTIVIST investor Elliott Management has acquired a substantial position in Barrick Mining, intensifying speculation that the world’s second-largest gold producer could pursue a…
Wind in their sails? How AngloGold and Gold Fields stack up
SOUTH African gold miners have sought valuation parity with their North American rivals for decades, largely by chasing offshore expansion. Gold mines in South Africa are deep,…
Asante Gold unveils $470m balance sheet refresh
GHANA miner Asante Gold said on Wednesday it had concluded terms for a recapitalisation of its balance sheet in which it will raise $470m. The funds will contribute towards…
Asante Gold raises US$100m in share issue
CANADA’S Asante Gold Corp. said on Wednesday it had raised US$100m through the sale of shares to a strategic investor. About 90.7 million shares were sold at C$1.50/share for…
Asante Gold to join bidding for Ghana mine Akyem
ASANTE Gold Corporation plans to join the bidding for Newmont’s Ghana mine Akyem which the US miner deemed non-core following its acquisition of Newcrest last year. “We expect to…