Nordgold begins mining at Lefa’s satellite deposit

Mining News Pro - Russian gold producer Nordgold has begun mining at a satellite deposit by its Lefa gold mine in Guinea, which will boost production at the operation.

Copper comes a cropper at DRDGold’s Far West

Mining News Pro - A new R12-million copper elution circuit at DRDGold’s Far West Gold Recoveries (FWGR) surface retreatment operation is expected to deliver an additional 1.2 kg to 1.8 kg of gold a month that would otherwise have been lost to refining charges.

Nordgold postpones IPO, citing uncertainty in gold market

Mining News Pro - Following its announcement earlier this month of an initial public offering in London, along with a secondary listing in Moscow, Nordgold has now decided to postpone its potential multi-billion-dollar IPO.

Organisers of Nordgold IPO see its value at $5.1-$6.6 billion

Mining News Pro - Two organisers of an initial public offering (IPO) for Russia-focused gold producer Nordgold see its equity value at $5.1-billion to $6.6-billion, three financial market sources told Reuters on Thursday.

DRDGold declares 60%-higher dividend on soaring earnings

Mining News Pro - Surface gold recovery company DRDGold has declared an interim cash dividend on soaring six-month earnings.

DRDGold advises of significant rise in interim earnings

Mining News Pro - DRDGold expects to report earnings per share (EPS) of between 106.2c and 115.8c apiece for the six months ended December 31, 2020.

Nordgold submits off-market bid for Cardinal in takeover war

Mining News Pro - A battle between Nordgold and China’s Shandong Gold over Cardinal Resources rumbles on as the Russian miner announced on Wednesday it would supplement its A$1-per-share bid with an off-market offer of equal value.

Nordgold files Takeovers Panel application against Cardinal

Mining News Pro - Nordgold has claimed to the Takeovers Panel that Cardinal Resources has been misleading about its shareholder intentions to accept or reject a takeover bid.

Nordgold taps Takeovers panel in Cardinal tussle

Mining News Pro - Gold miner Nordgold has turned to the Australian Takeovers Panel in its quest to gain ownership of ASX-listed Cardinal Resources, claiming that the takeover target was providing "misleading" statements to the market and creating a false market for the company’s shares.

Nordgold ups the ante in Cardinal battle

Mining News Pro - The directors of takeover target Cardinal Resources have urged shareholders not to take any action regarding an increased offer price from suitor Nordgold.

Nordgold ups offer for Cardinal in takeover battle

Mining News Pro - Nordgold has made an improved offer for its proposed on-market takeover over of Cardinal Resources in order to beat out competition from China’s Shandong Gold

Cash-gushing DRDGold declares dividend on fourfold rise in operating profit

Mining News Pro - Surface gold mining company DRDGold on Tuesday declared its 13th successive-year dividend distribution on a fourfold-plus increase in group operating profit of R1 562.1-million, a sevenfold-plus headline earnings surge and rocketing market capitalisation.

DRDGold improves yearly output

Mining News Pro - DRDGold has reported a 9% year-on-year increase in gold production to 174 385 oz in the financial year ended June 30.

Nordgold lobs $347m bid at Cardinal in takeover tussle

Mining News Pro - Cardinal Resources has become the focus of a takeover battle between United Kingdom-based Nordgold and China’s Shandong Gold Mining

Nordgold makes new offer for Cardinal

Mining News Pro - West Africa-focused gold explorer Cardinal Resources on Wednesday urged shareholders not to act on a competing takeover offer from producer Nordgold.

Fortescue awards RDG with new Cloudbreak mine contract

Mining News Pro - Resource Development Group (RDG) has won a contract with Fortescue Metals Group to design and build an overpass at the Cloudbreak mine in Western Australia.

DRDGold declares cash dividend

Mining News Pro - The board of DRDGold has declared a cash dividend of 25c a share for the quarter ended March 31, the surface gold mining company said on Friday.

DRDGold earnings up for quarter, R213m dividend paid

Mining News Pro - Surface gold mining company DRDGold on Thursday reported an 18% quarter-on-quarter increase in adjusted earnings to R389.3-million for the three months to March 31.

Nordgold asks China’s SUMEC to power up Lefa gold mine

Mining News Pro - Nordgold Group is looking to reduce its greenhouse gas emissions with the construction of a new 33 MW power plant at its Lefa mine in Guinea.

Cardinal gets an offer from Nordgold

Mining News Pro - Gold explorer Cardinal Resources has received an indicative non-binding takeover offer from shareholder Nord Gold (Nordgold), which valued the Australian company at A$227-million.

Nordgold increases funding for employee development, wellbeing

Mining News Pro - Gold producer Nord Gold (Nordgold) has increased funding for its employee development and wellbeing programmes by more than 17% to about $9.9-million for the 2020 financial year, from $8.2-million in the prior financial year.

Nordgold launches new Russia mine

Mining News Pro - Gold miner Nordgold has formally launched its third mine – the new Gross operation in Yakutia, Russia, which will turn the company into an one-million-ounce a year producer.

DRDGold expects first tailings production from WRTRP assets in Q1 2019

Mining News Pro - Following the successful implementation of the transaction between JSE- and NYSE-listed Sibanye-Stillwater and JSE- and NYSE-listed DRDGold, Sibanye-Stillwater now owns 38.05% of the issued share capital of DRDGold, which is currently worth R895.7-million.

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