Silver and PGMs offer investors hope
Gold grabs most of the mining headlines, especially since its recent comeback, but other precious metals such as silver and palladium are also performing well in today’s market, giving miners…
Sibanye Gold Limited
US Markets rise slightly, Aug. 20-24
U.S. markets swung upward, as gold gained 1.7% to end the trading week at US$1,205.30. The Philadelphia Gold and Silver Index rose 2.6% to 67.68 and the Dow Jones Industrial…
Sibanye tables US$383M bid for Lonmin
VANCOUVER — South Africa’s Sibanye-Stillwater (NYSE: SBGL) has launched a US$383-million, all-share bid for debt-heavy peer Lonmin (LON: LMI; US-OTC: LNMIY). If the deal closes, it would be Sibanye’s fourth…
Wall Street dips, May 15-19
The three major U.S. stock indexes fell during the third week of May. The S&P 500 Index slipped 0.38% to 2,381.73 and the Dow Jones Industrial Average dropped 0.44% to…
Wall Street gains, April 17–21
U.S. equities edged up, as the Trump administration confirmed that it would soon reveal a tax reform package to boost the economy. The Dow Jones Industrial Average advanced 0.5% to…
Wall Street rises, Dec. 5–9
U.S. indexes finished strong, despite lower gold and oil prices. The Dow Jones Industrial Average gained 3% to close at 19,756.85. The S&P 500 Index also rose 3% to 2,259.53…
Sibanye to acquire Stillwater for US$2.2B
Sibanye Gold, the largest producer of gold from mines in South Africa and among the top-10 gold producers globally, will pay US$2.2 billion to acquire Stillwater Mining (NYSE: SWC), the…
US markets slide, Feb. 1-5
Persisting fears of a global economic slowdown — along with mixed economic data in the U.S., and uncertainty about whether the Federal Reserve will raise interest rates this year — sent the Dow Jones Industrial Average down 1.6% to…
Sibanye Gold dives headlong into platinum
In less than a month, South African miner Sibanye Gold (NYSE: SBGL) has announced two acquisitions that will make it a big player in the platinum market, and the fifth-largest PGM producer in the world.
Gold Fields loses US$129M in Q2 as production costs surpass gold price
VANCOUVER — Gold Fields (NYSE: GFI; JSE: GFI) is preparing for a future of US$1,300 per oz. gold by restructuring all of its operations — and potentially closing some — to bring its production costs back below the gold price,…