R/€ = 16.27 Change: 0.04
R/$ = 15.00 Change: 0.13
Au 1643.00 $/oz Change: 11.31
Pt 972.06 $/oz Change: -9.43


Gold pops as virus concerns ignite global stampede into havens

By: Bloomberg     21st February 2020 The stars have aligned for gold, as concerns that the coronavirus outbreak may damage growth, hurt risk assets and add to pressures for easier monetary policy trigger a global hunt for havens. Bullion headed for the biggest weekly gain in more than six months as prices hit a seven-year high. With... 

La Mancha now a 35% shareholder of Altus Strategies

By: Creamer Media Reporter      21st February 2020 Luxembourg‐incorporated La Mancha has completed the acquisition of 124 229 389 shares of Aim- and TSX-V-listed Altus Strategies, with the private gold investor now holding a 35.4% shareholding in the Africa-focused project company. La Mancha acquired the shares at C$0.09 each, for a total of... 

Pan American hikes quarterly dividend 43%

By: Creamer Media Reporter      21st February 2020 Nasdaq- and TSX-listed Pan American Silver has had a strong 2019, during which it generated $282-million in operational cash flow, allowing for $60-million in debt to be retired, a shareholder payout of about $29-million, investment in new projects and an improved cash position. The miner... 

Coeur to reposition Silvertip, operations suspended

By: Mariaan Webb     21st February 2020 NYSE-listed precious metals miner Coeur has temporarily suspended operating activities at its Silvertip zinc/lead/silver mine, in British Columbia, Canada, as the mine struggles to generate positive cash flow amid deteriorating zinc and lead markets. Silvertip, which represents about 6% of... 

Newmont invests $150m in ‘world-first’ autonomous fleet at Boddington

By: Creamer Media Reporter      20th February 2020 The board of NYSE- and TSX-listed Newmont has approved a $150-million autonomous haulage system (AHS) investment for the Boddington mine, which will turn the Australian mine into the world’s first openpit gold mine to operate a fleet of autonomous haul trucks. Announcing the investment on... 

First gold pour at Americas' Relief Canyon

By: Mariaan Webb     19th February 2020 The Relief Canyon gold mine, in Nevada, has successfully poured its first gold and has now completed initial construction within its budget of $28-million to $30-million, TSX- and NYSE American-listed Americas Gold and Silver reported on Tuesday. The first gold pour was achieved in nine months... 

Is mining in South Africa a sunset industry? 

18th February 2020 Recently, for the first time in the history of gold mining in Africa, South Africa toppled from its position as the biggest gold producer on the continent, as production figures coming out of Ghana revealed it has now assumed that number one spot. 

AngloGold’s Mponeng sale credit positive – Moody’s

By: Tasneem Bulbulia     14th February 2020 Ratings agency Moody’s Investors Service has rated miner AngloGold Ashanti’s decision to sell its remaining South Africa operating assets to Harmony Gold Mining Company as credit positive. This is because it reduces the company’s average all-in sustaining cost (AISC) by about 2.4% and allows it... 

Sibanye's JSE-listed shares rise on upbeat trading update 

By: Creamer Media Reporter      14th February 2020 Precious metals miner Sibanye-Stillwater's share price on the JSE rose by more than 7% on Friday afternoon as the group announced a recovery in its operational and financial performance for the second half of 2019.   

Agnico Eagle trims 2020 guidance on slower Nunavut ramp-up

By: Mariaan Webb     14th February 2020 Gold producer Agnico Eagle CEO Sean Boyd said on Thursday that he remained confident in the business, despite trimming its 2020 guidance to reflect a slower ramp-up at its new mines in Nunavut, Canada. The miner, which also owns operations in Finland and Mexico, is forecasting 2020 production to... 

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