NUM lowers gold wage demand by 9.5%

‘We are prepared to negotiate and meet them halfway.’

China gold imports to plunge as financing deals unwind

As demand for bullion used to back domestic financing deals decreases, says refiner Valcambi.

One in 10 gold mines now uneconomical

The plunging gold price has slashed margins for miners around the world.

Gold price to average $1135/oz in Q3 – GFMS

This compares to a Q2 average of $1,192/oz and current spot gold price of $1,095.

NUM says signs wage deal with Village Main Reef

Putting more pressure on bigger gold mining companies.

China’s gold buying from HK drops to lowest in a year

Purchases less sales sank to 22.1 metric tons in June from 67.9 tons in May.

Gold slump not over as speculators go net-short

Hedge funds swung into a net-short position for the first time.

Acacia second-quarter profit falls 70%

Profit dropped 70% after mining costs rose and bullion prices slid.

Gold below $1,100 threatens profit at one-third of producers

Showed a Bloomberg Intelligence note on Friday.

Ivory Coast power cuts boost Tongon mine costs

Randgold CEO says the persistent power cuts have adversely affected operational costs and output at its Tongon mine.

Tanzanian junior gold miner coming good again

Shanta Gold, which produces gold at its New Luika mine in Tanzania, is now well on track to up production and lower AISC into the bottom quartile.

AngloGold leads bullion-stocks drop as metal falls

Gold stocks dropped as bullion fell to a five-year low.

Gold’s role as an asset in question as prices sink

Prices have plunged to a five-year low.

Polyus profits on gold plunge from hedges

The miner’s first-half revenue was about $44 million better off because of the hedges.

Commodities collapse: It’s not just about gold

Year to date gold and silver have actually outperformed leading base metals copper and aluminium.

Barrick director Goodman quits to avoid conflicts

The move thins the ranks of directors with mining experience on Barrick’s board.

Shelter from gold rout: Australian miners provide safe haven

Canny investors are seeking refuge in Australian gold mining stocks.

Newcrest gold output rises 6% to beat estimates

Production was 673,542 ounces in the three months ended June 30.

Bloodshed seen if strike called at SA gold mines

A pay strike at South African gold companies could result in more violence at the mines.


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