Caledonia explores funding options to build Zimbabwe’s biggest gold mine

“The company is not up for sale and this was unsolicited,” Sherry Duhe said in an interview with Bloomberg.

This announcement follows previous engagements with Ericsson and Telstra to trial private 4G LTE at the Lihir mine and more recently for surface operations at Cadia.

"We’re not shy on doing deals that create value for our stakeholders, but we are guided very clearly by our investment focus," Bristow said.

Insights from analysts and shareholders suggest that Newmont will need to make another improved bid.

Endeavour acquired the Mana mine in July 2020, as part of its acquisition of Canada-based gold miner Semafo.

Amid such a backdrop, Bristow is keen to highlight that Barrick will invest more on its operations in the coming year.

Gold Fields said it expects headline earnings per share of $1.16-$1.22 for the year.

Also weighing on gold, Fed officials said earlier this week that the US central bank will need to keep raising interest rates gradually.

Barrick would be open to taking over Newmont’s stake in the massive Nevada Gold Mines joint venture, CEO Mark Bristow said on Wednesday.