March 27, 2020

AngloGold Ashanti cuts spending, suspends output guidance

The company said current shutdowns would reduce its output by 30,000–40,000 ounces this year.

March 27, 2020

Petra Diamonds halts 2020 production target

Facing a 21-day lockdown due to covid-19, the miner withdrew its full year production outlook of 3.8 million carats.

March 27, 2020

South Africa lockdown to hit Anglo American output

Most of the company’s mines remain open, but with reduced workforce and production.

March 26, 2020

Worldwide mining disruptions

On a global scale, work is grinding to a halt and mines are being placed on temporary care and maintenance.

March 26, 2020

South African gold shipments to London have been cut off

Rand Refinery, the continent’s only gold refiner, said it’s exploring back-up plans to meet its delivery commitments.

March 26, 2020

The gold market is being tested like never before

Worldwide panic over the coronavirus outbreak and a flood of stimulus by central banks has ignited demand for one of humanity’s oldest methods of storing wealth.

March 26, 2020

Glencore closes operations in four countries over coronavirus curbs

Glencore joins peers such as Anglo American, Antofagasta, Codelco and Teck Resources in temporarily closing or slowing some operations.

March 26, 2020

Barrick unveils 10-year plan to become world’s most valued gold miner

The strategy sees it boosting production to 5 million ounces of gold a year, with the bulk coming from its North American operations.

March 26, 2020

Sumitomo halts mines in Bolivia, Madagascar

Covid-19-related measure affects the company’s San Cristobal silver-zinc-lead mine and Ambatovy nickel mine.

March 25, 2020

Sibanye to put South African operations on hold

The company also reduced the number of people at its US operations.