Which US presidential candidate does gold prefer?
Gold loves chaos and should be hitting new highs, especially with inflation coming down and with it, two rate cuts likely before year’s end.
Sibanye Gold and OceanaGold Corporation have joined the World Gold Council, the market development organisation for the gold industry. Sibanye is the largest individual producer of gold in South Africa and one of the 10 largest globally. OceanaGold is a rapidly growing multinational gold producer with assets located in the Philippines, New Zealand and the United States.
World Gold Council Chief Executive, Aram Shishmanian, commented; “The membership of the World Gold Council is made up of the world’s leading and most forward thinking gold mining companies, we are therefore, delighted that both Sibanye and OceanaGold have decided to join.
In particular, I welcome Neal and Mick to the World Gold Council Board, which is made up of the CEO’s of each of our members. This is a vital leadership group which sets the agenda for sustaining and increasing the demand for gold worldwide”.
“The sustainability of our business and ability to deliver value to stakeholders is dependent on continued and growing demand for gold” said Neal Froneman, Chief Executive Officer at Sibanye. ”As such, we need to ensure that there is a strong market for our products and by joining the World Gold Council we hope to play a greater role in securing and developing the demand for gold.”
“The World Gold Council is uniquely positioned to offer valuable insight and industry leadership in order to secure further growth in the gold market. We are very pleased to join our peers in helping to support this organisation’s significant contributions to a dynamic and sustainable gold market,” commented Mick Wilkes, President & Chief Executive Officer of OceanaGold.
World Gold Council
The World Gold Council is the market development organisation for the gold industry. Our purpose is to stimulate and sustain demand for gold, provide industry leadership and be the global authority on the gold market. We focus on policy-related issues, market infrastructure, central banks and investment markets.
We develop gold-backed solutions, together with industry partners, that create structural shifts in demand across key market sectors. We provide insights into the international gold markets, helping people to understand the wealth preservation qualities of gold.
The membership of the World Gold Council includes the world’s leading and most forward thinking gold mining companies.
Sibanye Gold
Sibanye is an independent mining group – domiciled in and focused on South Africa – which currently owns and operates high-quality gold and uranium operations and projects throughout the Witwatersrand Basin.
As a responsible cprporate citizen, Sibanye fosters and maintains constructive engagement with all stakeholders in order to deliver on its vision to deliver superior value to all of its stakeholders, to maintain its licence to operate, and ultimately for the long-term success and sustainability of the business.
OceanaGold Corporation
OceanaGold Corporation is a mid-tier, low-cost, multinational gold producer with assets located in the Philippines, New Zealand and the United States. The Company’s assets encompass its flagship operation, the Didipio Gold-Copper Mine located on the island of Luzon in the Philippines. On the north island of New Zealand, the Company operates the high-grade Waihi Gold Mine while on the south island of New Zealand, the Company operates the largest gold mine in the country at the Macraes Goldfield which is made up of a series of open pit mines and the Frasers underground mine. In the United States, the Company is currently constructing the Haile Gold Mine, a top-tier asset located in South Carolina along the Carolina Terrane. The Company expects the Haile Gold Mine to commence commercial production in early 2017. OceanaGold also has a significant pipeline of organic growth and exploration opportunities in the Australasia and Americas regions.
OceanaGold has operated sustainably over the past 25 years with a proven track record for environmental management and community and social engagement. The Company has a strong social license to operate and works collaboratively with its valued stakeholders to identify and invest in social programs that are designed to build capacity and not dependency.
