AngloGold Ashanti sells some SA mines to cut losses

2017-10-19 12:17

AngloGold Ashanti has agreed to sell mines in South Africa to reduce exposure to high-cost assets and free up cash for more profitable international operations.

Gold heading for worst weekly run in '17

2017-10-06 09:26

Gold prices are poised to drop for a fourth week, the worst streak of losses this year, on prospects for higher US interest rates, a rising dollar and record equity markets.

Sibanye ponders selling mines

2017-10-01 06:00

Sibanye Stillwater is considering selling some of its operations as part of proposals by the majority trade union at two of its units most affected by the looming retrenchments.

Gold wins new fans as US inflation and Trump agenda falter

2017-08-31 09:21

After nosing above $1 300, gold is winning new fans as tepid US inflation anchors Federal Reserve policy.

Gold rallies to '17 high as North Korea lobs missile over Japan

2017-08-29 10:29

Gold has rallied to the highest level this year after North Korea fired a ballistic missile over Japan, boosting demand for havens amid escalating tensions.

Gold futures punch through $1 300 as global stocks extend losses

2017-08-18 15:16

Gold futures have broken above $1 300 an ounce, rising to the highest level since November, as global stocks dropped

Hopes dashed as Lily mine deal fails at last minute

2017-08-14 12:34

The last minute failure of a proposed acquisition of the Lily and Barbrook mines has put the whole community once again in uncertainty, says a union.

SA gold and forex reserves drop to $46.7bn

2017-08-07 10:02

South Africa's official gross gold and foreign exchange reserves decreased by $606m to $46.7bn in July, while the international liquidity position increased by $179m to $42.4bn

Rand gold price takes a plunge

2017-07-18 17:40

There has been a massive decline in the rand gold price from a high of R20 300 to R16 180 as at 30 June, according to the most recent SA Bullion Gold quarterly report.

Top gold forecaster sees bulls heading for heartbreak on Fed

2017-07-06 15:27

For top gold forecaster BNP Paribas SA, bullion bulls are up against a clear and present danger - the US Federal Reserve.


Perez widens lead at CIMB Classic

2017-10-14 12:46

A eight-under 64 saw Pat Perez take a four-stroke lead in the third round of the CIMB Classic in Malaysia.

Sibanye-Stillwater starts US Blitz production

2017-10-02 13:39

Sibanye-Stillwater - formerly known as Sibanye Gold - announced that it has commenced with production from the Blitz project in the US.

How gold's Mr Fix-It became Mr Buy-It in US palladium bet

2017-09-07 09:30

Neal Froneman, who earned the nickname ‘Mr Fix-It’ for his turnaround successes in the 1990s now needs to show he can run Sibaye's new mines profitably and reduce debt.

Sibanye changes name to reflect new, global identity

2017-08-30 08:35

Sibanye Gold has changed its name to Sibanye-Stillwater due to its transformation from a gold mining company based in SA to a leading global precious metals company.

Restructuring to save AngloGold’s SA business - report

2017-08-23 13:50

For the remainder of the year, AngloGold Ashanti will be focusing on its restructuring strategy, which will cost 8 500 miners their jobs.

Rand recovery punishes SA's ageing, costly gold mines

2017-08-17 17:32

A big rebound in the rand has turned SA’s biggest gold producer from churning cash a year ago to making losses and shutting mines.

Gold seen jumping to $1 400 at Russian Bank on world tension

2017-08-14 08:56

Gold prices are set to jump to a four-year high of $1 400 an ounce by the end of the year over mounting tensions between North Korea and the US.

How relevant is the Krugerrand today?

2017-07-26 15:23

It’s survived apartheid, the shifting fortunes of gold, and still features strongly in our collective psyches. But as it turns 50, just how relevant is the Krugerrand?

Gold dips on rise in bond yields, silver plunges on volume spike

2017-07-07 12:52

Precious metals are getting beaten up by the bond rout.

Oil bounces, European bonds decline as gold slips

2017-07-06 11:41

Oil has clawed back some of its biggest loss in four weeks after data showed US stockpiles declining, while European bonds slipped.

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