The cash injection comes from selling half of its interest in the Porgera mining operation to the Chinese group last May.
South Africa's mining industry, unions and the government signed a broad plan on Monday to stem a wave of job losses triggered by falling commodity prices and soaring costs.
The news played well on the Australian stock exchange, with investors bidding up the stock 4 percent on Friday to 25 cents a share.
Over the years we have frequently stated that every that every major bull market will experience at least one back-breaking correction.
Gold’s performance in real terms can be a leading indicator for the sector at key turning points.
With the only exception of gold, production numbers for most other commodities mined in the Central African nation are also expected to decline this year.
For the moment investors are in shock, seeking reassurance and keenly intent on preserving their diminishing assets, instead of reflecting on the broader economic reasons behind it.
While gold consolidated its recent gains, silver was sold down this week along with other metals and energy.
The Tujuh Bukit project reflects both the attractions and difficulties facing foreign companies working in Indonesia's mining sector.
Speculators ruined gold's safe haven reputation long ago – this week's tepid response to the market panic is the just the latest example says new report.
Gold demand in India is likely to hit a four-year high between July and December on strong demand from the jewellery sector according to World Gold Council.
The miner has responded to deteriorating market conditions by slashing spending and cutting jobs, mostly at its North American operations.
Today we share with you five charts that summarize why gold stocks have never been cheaper.
Like a true contrarian, Gold Newsletter publisher Brien Lundin looks beyond the headlines to understand what is really moving precious metals prices.
The miners expect significant savings and environmental advantages by combining the two neighbouring projects, which are only 40 kilometres apart.
The verdict, however, doesn't allow the company to resume operations at its gold-copper Skouries mine.
Authorities say the $2.5 billion illicit mining industry is creating a parallel economy that is deemed to damage the business of those who operate legally.
No commodity is more exposed to China and the iron ore price is up 20% from its 2015 low. Has the steelmaking raw material become a leading indicator?
Ray Dalio, the billionaire founder of Bridgewater Associates, said he expects the U.S. Federal Reserve to resume quantitative easing even if it first raises benchmark rates by a fraction of a percent.
Gold futures settled Wednesday at their lowest level in just over a week after falling for a third straight session, as a jump in U.S. equities and strength in the dollar lured investors away from the precious metal.
New statue depicting the bull's triumph over the bear is drawing crowds and raising eyebrows.
Commodity investing legend says the Chinese market is on its way to "finding a good bottom."
An arbitration tribunal is set to decide in October whether Acacia Mining has to pay a $115 million compensation claim to a former partner in Tanzania.
The Congress-led investigation aims to determine the agency’s role in triggering a 3-million-gallon toxic spill into Colorado’s Animas River on Aug. 5.
Palladium price drops 8% to five year low, crushing shares in only US PGM miner.
Hong Kong customs data show a rebound in number two gold importing nation.
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