Ghana is Africa’s second biggest producer of gold, and hosts more estimated reserves than such prolific gold producing nations as Peru and Papua New Guinea. Last year, production rose more than 12 percent, with output at the country’s two biggest mines increasing.
By Kishori Krishnan Exclusive To Gold Investing News Gold climbed for the first time in three sessions on surging demand for the metal as a store of value while the dollar fell and investors prepared for the release later this week of US bank stress tests. The tests may signal whether 19 top financial firms [...]
Reuters(Africa) reports Gold Fields, second largest gold producer in Africa says it is not affected by the global credit crisis and that its always looking for new acquisitions. Gold Fields Chief Executive Nick Holland told Reuters in an interview that the group’s projects were fully funded and the company was in a liquid cash state [...]
By Dave Brown – Exclusive to Gold Investing News Question: What do a Wall Street banker, a US Federal Reserve official and a jewellery retailer have in common these days? Answer: All three are happy to learn that US consumer confidence has recovered more than expected in August as fears over inflation eased. The actual [...]
Gold Fields Limited reports its resources of 251 million ounces and reserves of 83 million ounces as at 30 June 2008. The gold prices used to calculate Resources represent upside potential of US$ 23%, AUS$ 23% and ZAR 20% above the reserve prices which is more aligned with recent spot prices, and reflect the very significant upside potential in [...]
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