Harmony Gold CEO says gold sector consolidation ‘inevitable’

Four people, including one soldier, were shot dead and 14 others wounded during a demonstration in Durba town, on Oct. 22.

The world's biggest listed miner overcame a protest vote on concerns that some of the long-term plans lacked detail, with Australia-based shareholder proxies voting 86% in favour.

The possible shutdown is part of a prolonged fight over the project that could chill investor appetite in Mexico, the world's biggest silver producer.

Chinese customers are reluctant to sign up for copper supply in 2022 at the highest premium in seven years.

In the longer term, Fitch forecasts prices to decline from an average $155 a tonne in 2021 to $65 a tonne by 2025 and $52 a tonne by 2030.

The company produced 606,000 ounces of gold in the quarter at an average AISC of $1,016 per ounce.

The awards are part of Debswana, De Beers and Anglo American’s drive to improve the productivity and efficiency of their assets by achieving and exceeding global benchmarks.

The pre-feasibility study estimated total project development costs at $2.77 billion and direct capital costs for rail and port development in Liberia at more than $600 million.

The company expects refined zinc and lead production of 980,000 to 990,000 tonnes this fiscal year.