News & Media

Endeavour Mining - Q419 and FY19 results ahead of expectations

Fourth quarter adjusted EPS at Endeavour of US$0.336 was materially ahead of both (US$0.188) and consensus (US$0.21-0.27) forecasrs.

Gold still among best-performing assets despite recent volatility

Gold is affected by the unprecedented economic and financial market conditions. The World Gold Council (WGC) announced on Thursday in their market report, that recent volatility seen in gold prices has been driven by massive liquidations across all assets. The precious metal has likely been used to raise cash to cover losses in other asset classes because it remains one of the best performing to date, despite recent fluctuations.

Catalyst to economic growth in Northern Cape for South Africa

The Northern Cape Department of Economic Development and Tourism and the national Department of Trade and Industry are in process of finalising submission documents for the declaration of a Namakwa Special Economic Zone. The zone will have a transformative effect on the local, regional, provincial and national economies. The SEZ anchor investor will be Vedanta Zinc International.

BHP says no hit to operations so far from coronavirus

Announced on Thursday, BHP Group stated that its operations had not been impacted by the global pandemic and measures have been implemented to prevent the spread of the virus among its employees.

Kropz’s alternative processing method confirmed

Investment Fund African Rainbow Capital (ARC) announced on Thursday that an alternative processing method for emerging phosphate producer Kropz’s Elandsfontein project, in the Western Cape, has been confirmed to produce saleable concentrate after facing several setbacks and delays.

Amani increases mineral resource estimate for DRC deposit by 28%

ASX-listed Amani Gold has substantially upgraded the mineral resource estimate of its Kebigada gold deposit (part of the Giro gold project) to 124-million tonnes, grading 1.03 g/t gold for 4.1 million ounces.

South Africa’s mine shafts to be energy stores of the future

UK firm is seeking decommissioned or underused mine shafts to store electricity. Energy storage specialists Gravitricity have teamed up with South African energy consultancy RESA to identify suitable mine shafts for their gravity-based energy storage technology.

Caledonia lifts dividend as imported power deal contributes to sunnier outlook for 2020

The gold miner has stated it had increased its quarterly dividend owing to significantly improved operating conditions in the southern African nation and because 2020 outlook was “brighter”.

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