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GOLD

Tanzania plans to lift gold output at State-owned mine

Tanzania plans to lift gold production at its Stamigold Biharamulo gold mine, formerly owned by African Barrick Gold, to 40 000 oz next year, almost four times its expected output for 2014. Stamigold became the first state-owned gold mine in...
18th September 2014
 
COPPER/GOLD

Newmont to restart Indonesia ops in 6 to 8 weeks after new permit

Batu Hijau, Indonesia Senior gold producer Newmont on Tuesday morning reported that it expected to restart its shuttered Batu Hijau copper mine, in Indonesia, within six to eight weeks of receiving a permit. Speaking at the Denver Gold Forum, CEO Gary Goldberg said...
16th September 2014
 
GOLD

Several platinum opportunities already abandoned - Sibanye Gold

Sibanye CEO Neal Froneman A number of platinum opportunities had been pursued and several abandoned as they did not meet the required investment criteria, Sibanye Gold CEO Neal Froneman said on Tuesday. Froneman told the Denver Gold Show in the US that entry into the...
16th September 2014
 
GOLD

ABG to rebrand in November following operational sea change

Bulyanhulu, Tanzania Tanzania-focused gold producer African Barrick Gold (ABG) will rebrand in November, saying its restructuring efforts over the past year under new CEO Brad Gordon had given it renewed confidence in its assets to break the association with parent...
16th September 2014
 
GOLD

Yamana heads back to drawing board as C1 Santa Luz is shuttered

Yamana Gold on Wednesday said it would return to the drawing board and evaluate other gold extraction methods after the carbon-in-leach (CIL) circuit at C1 Santa Luz, in eastern Brazil, failed to achieve its designed recoveries owing to several...
10th September 2014
 
Mining Services

Company’s gold extraction capabilities showcased

GOLD EXTRACTION CAPABILITY
FLSmidth’s supply includes two 20-m-diameter thickeners and two 20-m-diameter thickeners – one pre-leach and one tailings – with a bolted tank design 
Global manufacturer and equipment supplier FLSmidth’s capabilities in the gold extraction arena will be showcased with the supply of equipment to Vancouver-based gold producer B2Gold’s Otjikoto gold project in Namibia. FLSmidth is the only...
5th September 2014
 
GOLD

Goldcorp expects to hit lower range of 2014 output guidance

Canadian gold producer Goldcorp on Thursday reported that production stoppages at two of its operations this year would push its expected output down into the lower range of its full-year guidance. Goldcorp on Tuesday suspended mining operations...
4th September 2014
 
MINE SAFETY

Goldcorp suspends operations at El Sauzal mine, Mexico

Global gold producer Goldcorp on Tuesday suspended mining operations at its El Sauzal mine, in Chihuahua, Mexico, for safety reasons after the operation experienced movement in the highwall slope of the Trini pit. As a safety precaution, mining...
3rd September 2014
 
GOLD

Q4 recovery unable to salvage DRDGold’s Ergo-dented FY showing

Despite a welcome but somewhat unforeseen production recovery by DRDGold in the fourth quarter of its 2014 financial year, the tailings retreatment specialist was unable to fully recover from the effect of the April shutdown of its Ergo processing...
2nd September 2014
 
GOLD

Shanta posts first operating profit

East Africa-focused gold producer Shanta Gold on Monday announced its first operating profit of $11.1-million for the six months ended June 30. The company, which started commercial production in 2013 increased its gold production 10% year-on-year...
1st September 2014
 
GOLD

Stratex deal to buoy cash-strapped GoldStone’s exploration plans

Africa-focused gold producer GoldStone Resources says a recent funding deal with Aim-listed Stratex International will provide the capital-hungry explorer with sufficient cash resources to conduct meaningful exploration at its Ghana-based...
29th August 2014
 
TRADING UPDATE

Goldplat H2 performance purges H1 losses

An operating profit in the second half of the 2014 financial year has eliminated Aim-listed Goldplat’s first-half operating loss, the gold producer said on Wednesday. The group, which would release its full-year results on September 22, on...
27th August 2014
 
 
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