The SAIMM is a professional institute with local and international links aimed at assisting members source information about technological developments in the mining, metallurgical and related sectors.
Solid production and cost performances helped gold-mining company AngloGold Ashanti to deliver higher earnings and cash flow in the first half of this year. The increase in headline earnings of $85-million compared with a loss of $93-million in the first half of 2017 for the company, which is forecasting 2018 production at the top end of its guided range, and costs at the bottom end.
Investors have grown immune to the economic and geopolitical risks that typically drive haven demand for gold. That’s how Richard Hayes, the chief executive officer of Australia’s Perth Mint, summed up the reason behind bullion’s slump to a 19-month low despite tensions between the US and China and the collapse of the Turkish lira that roiled markets. The World Gold Council said this month that demand for the metal in the first half of the year was the weakest in almost a decade.