DRDGold expects output rise

2015-01-22 08:48

Gold producer DRDGold says it expects an increase of 6% in production for the six months ended December 31, compared to the previous six months.

Mining output slips

2015-01-20 12:16

Mining production decreased by 0.4% year-on-year in November 2014, Stats SA said in a statement after releasing its mining results for production and sales.

Gold Fields costs could be better than expected

2015-01-16 17:30

Gold Fields has provided an update on production and cost for the quarter and the year ended December 2014.

SA gold stocks rally in long stretch

2015-01-12 19:39

SA gold stocks have rallied a sixth day in the longest stretch of gains since March as metal prices climbed on speculation that the US may hold off on raising interest rates.

Gold ticks up but poised for third weekly drop

2015-01-02 10:16

Gold has inched up as higher oil prices boosted its safe-haven appeal but looks set to post its third straight weekly loss, weighed down by a strong dollar.

Gold inches higher as dollar weakens

2014-12-22 14:51

Gold has edged up as the dollar retreated against the euro, though stronger equities and appetite for risk continued to dull the metal's appeal.

Gold steadies below $1 200, Fed in focus

2014-12-17 10:41

Gold has held at just below $1 200 an ounce ahead of the outcome of the US Federal Reserve's last policy meeting of the year.

Gold set for biggest weekly rise

2014-12-12 13:15

Gold prices have steadied, on track for their biggest weekly rise since June, as the dollar retreated and sliding oil prices hurt risk appetite.

SA's net reserves lower in November

2014-12-05 08:46

South Africa's net gold and foreign exchange reserves have fallen in November, according to data from the SA Reserve Bank.

Dollar, oil drag gold lower

2014-11-28 18:37

Gold has fallen more than 1% to head for its first weekly drop in four on the back of sharply lower oil prices and dollar strength.

Gold firm near 3-week high on China rate cut

2014-11-24 09:23

Gold has been trading close to a three-week high, holding its ground from the previous session on hopes that a surprise rate cut in China would boost demand.

Gold Fields dips on lower output

2014-11-20 09:50

Bullion producer Gold Fields has posted a 6% drop in third-quarter earnings after its flagship South Deep mine saw an 18% decline in production.

Gold holds near two-week high

2014-11-17 10:18

Gold has held near two-week highs, clinging on to gains from the previous session's short-covering rally, on a softer dollar.

Harrington to headline GPI

2014-11-13 08:00

Three-time major winner Padraig Harrington has added his name to the field for this month’s Gary Player Invitational.

Gold firms plan drastic cuts to survive

2014-11-07 06:00

Struggling gold producers are increasingly planning to scrap dividends, cut jobs, halt projects and shut mines to survive the latest price plunge.

Gold, silver slump to fresh 4-year lows

2014-11-05 10:59

Gold has slid for a fifth session, tumbling to fresh four-year lows as a strong dollar kept investors away from the safe-haven asset.

Gold struggles near 4-year low, dollar shines

2014-11-03 14:00

Gold has fallen to near a recent four-year low as the dollar index rose to its highest since mid-2010.

Gold struggles as safe-haven appeal fades

2014-10-27 10:14

Gold has steadied but failed to make any recovery from three straight days of losses, as stronger global data and higher equities curbed its safe-haven appeal.

Gold steady near one-month high

2014-10-21 09:23

Gold has clung to overnight gains to trade near a one-month high as worries persisted over a slowdown in the global economy after China's growth eased.

Flight to safety boosts gold

2014-10-16 10:54

Gold has retained sharp overnight gains to trade near its highest in over a month, with investors seeking safety amid fears over a slump in the global economy.

Gold climbs on safe-haven bids

2014-10-13 10:46

Gold prices have jumped sharply as worries over the global economic outlook sent investors scuttling towards safe-haven bullion.

Metallon targets 500 000 oz gold output

2014-10-08 17:59

Zimbabwe's largest gold producer, Metallon Gold, plans to ramp up output to half a million ounces a year in the next five years.

Gold bounces back as equities slide

2014-10-02 11:36

Gold has added to overnight gains, as weak global manufacturing data and the first diagnosis of Ebola in the United States unnerved equities.

Gold slide reaches dangerous levels

2014-09-26 13:11

Gold, down over a third in three years, is nearing the tipping point which would see a spike in the number of producers reducing output or shutting down mines.


Zimbabwe gold mines could collapse - chamber

2015-01-21 10:00

Zimbabwe's gold mining firms are making losses due to weak bullion prices and could collapse, warns the Chamber of Mines.

Fatal accident at Harmony Gold mine

2015-01-19 12:19

Harmony Gold says an employee was fatally injured in a rail-bound equipment related accident at the Masimong mine near Welkom.

Gold rises to highest level since October

2015-01-13 09:47

Gold has extended gains to the highest level in almost 12 weeks as investors assessed the strength of the US economy amid slumping oil prices.

Gold guru Nick Barisheff: Challenging mainstream propaganda

2015-01-09 16:47

There’s not much room for middle ground after reading Nick Barisheff’s take on the gold price, media propaganda, where the world is headed and what you should do about it.

Gold retreats from three-week high

2015-01-08 10:58

Gold has declined for a second day as global equities to oil prices rebounded before a US jobs report that will provide clues on the interest rates forecast.

Gold inches up after losses

2014-12-23 09:12

Gold has edged up after sharp overnight losses, but was still stuck near its lowest in three weeks due to weaker oil prices and strength in global equities.

Gold rises 2% as Fed takes patient stance

2014-12-18 13:55

Gold has climbed more than 2% after the Federal Reserve announced it would take a patient approach towards raising interest rates.

Gold slips as US rate hike woes surface

2014-12-15 10:16

Gold has retreated after posting its biggest weekly gain in two months, amid expectations the US Federal Reserve is closer to raising interest rates.

Illegal strike forces Avocet to halt operations

2014-12-08 10:50

Gold miner Avocet Mining says it has halted operations at its Inata gold mine in Burkina Faso due to an illegal strike.

Gold tumbles, oil hits 5-year low

2014-12-01 09:16

Gold prices have tumbled after Swiss voters rejected proposals to boost gold reserves, joining a rout in commodities that sent copper and oil prices lower.

Gold drops to one-week low as oil slumps

2014-11-28 09:53

Gold has extended losses into a third session on expectations that plunging oil prices could sap inflationary pressure and curb its hedge appeal.

Dutch move tonnes of gold out of US

2014-11-21 10:48

The Dutch Central Bank says it has recently shipped tonnes of gold worth around $5bn from safekeeping in New York back to its headquarters in Amsterdam.

Gold holds below two-week high on strong dollar

2014-11-18 09:13

Gold has held below a two-week peak, its safe-haven appeal dulled with the dollar near a four-year high and growing signs of strength in the US economy.

NUM signs job cuts deal with Sibanye

2014-11-13 09:28

The National Union of Mineworkers has signed a deal with bullion producer Sibanye Gold to soften job cuts at the company's Cooke 4 mine.

Gold and silver rout far from over- poll

2014-11-09 14:30

Gold's rout may be far from over, with many analysts and traders surveyed by Reuters predicting prices could fall to $1 000 per ounce by the end of the year.

Gold, diamonds fuelling conflict in Africa

2014-11-05 12:10

Gold and diamond sales are being used to finance conflict in Africa and the UN says peacekeepers should monitor mining sites to clamp down on illicit trade.

Harmony's net loss narrows on output hike

2014-11-05 08:53

Bullion producer Harmony Gold says its first-quarter loss narrowed by 78% to R226m as production rose.

AngloGold hit by price, inflation pressures

2014-11-03 11:45

Africa's top bullion producer AngloGold Ashanti has reported a sharp fall in third-quarter earnings, in the face of a lower gold price and higher tax charges.

DRDGold share price jumps on quarterly report

2014-10-24 17:32

DRDGold has announced an increase in gold production for the quarter ended September 30 2014.

Gold edges up towards one-month high

2014-10-20 10:02

Gold edged has up towards a one-month high, recovering from earlier losses, as concerns about a slowdown in the global economy persisted despite strong US data.

Gold holds near four-week high

2014-10-14 09:23

Gold has retained overnight gains to trade near its highest in four weeks as investor appetite for riskier assets eased amid global growth worries.

Centamin gold output jumps 10.5%

2014-10-09 13:45

Centamin has posed a rise in third-quarter output as it mined higher-grade ore at its Sukari in Egypt.

Bullion sinks to lowest in 15 months

2014-10-06 12:23

Gold has tumbled to its lowest level in around 15 months after better-than-expected US jobs data boosted the dollar, dampening safe-haven appetite for bullion.

Gold holds near 9-month low, as dollar weighs

2014-10-01 12:20

Gold has been near 9-month lows, weighed down by broad-based strength in the dollar on expectations that the US Fed Reserve is set to tighten monetary policy.

Gold seems set to snap 3-week losing streak

2014-09-26 09:13

Gold has added to overnight gains and looks set to snap a three-week losing streak, but continues to be in danger of breaking below the key $1 200-an-ounce level.

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