Gold Majors Struggle to Reign in Costs
Cost inflation, combined with a lower gold price, is forcing major producers to make some hard decisions.
Articles Tagged "South Africa"
Giyani Gold Releases Final Assay Results for 2012 Drill Program
Giyani Gold Corp. (TSXV:WDG) provided the final assay results for the 2012 drill program at its South Africa-based Klein Letaba mine. Robert S. Middleton, Giyani's vice president of exploration, noted that a new discovery at Holes KL-19 and KL-20 indicates that gold remains in the deposit.
Gold Slide Continues as US Economy Improves
The approaching fiscal cliff and promising jobs data out of the United States conspired to pull down gold this week. A report from PwC, however, is bullish on the precious metal in 2013.
Gold Lacks Luster on Post-FOMC Malaise
The gold price failed to catch fire this week even though the US Federal Reserve announced news that was bullion-supportive.
Deflation, Economic Slowdown Worries Hurt Gold
Gold prices have been on a bumpy ride this week, reacting to rising fears of deflation and prolonged economic slowdown concerns.
Gold Miners Back on Shift in South Africa
There was some relief this week for South Africa's beleaguered gold sector, with just under 10,000 workers heading back to their shifts after downing tools in illegal strikes. The gold price, meanwhile, was mostly flat, hemmed in between good economic news from the US and continued uncertainty in Europe.
2011 Top 10 Gold Producing Countries
Gold Investing News identifies the top-ranked countries and their gold reserves for 2011.
Gold Fields Reaches Formal Agreement with NUM for South Deep Mine
Gold Fields Limited (NYSE:GFI) announced a formal agreement with the National Union of Mineworkers ("NUM") to implement a new operating model at its developing South Deep Gold Mine near Johannesburg in South Africa.
AngloGold Ashanti’s South African Mines Still on Strike
AngloGold Ashanti (NYSE:AU) announced that its South African mines remain inactive due to an unprotected strike, but commented that it is open to considering negotiations.
Unrest in South Africa to Impact Bullion Supply and Support Gold
Business Insider reported that mine strikes taking place in South Africa are having an impact on gold supply.
