Fekola mine operations uninterrupted despite coup in Mali

Sibanye-Stillwater said it had entered into talks with stakeholders on restructuring its gold operations following financial losses at the Beatrix 1 and Driefontein 2,6,7,8 shafts during 2018.

While South Africa has suffered electricity shortages for more than a decade, the utility is at a crisis point and is seen as the biggest threat to the economy.

The company pinned the cost increases partly on mining ending at its low-cost Cortez Hills open pit in Nevada in the first half of the year.

Gold producers in Africa's most industrialised economy, have seen profits squeezed by rising costs, labour unrest and declining grades.

The white, makeable diamond is the largest found so far this year and follows the recovery of a 46-carat, gem quality white rock in December.

Roxgold believes the project has near-term development potential due to its Antenna deposit, which hosts an inferred resource of 5.8 million tonnes.

Eskom's troubles are a big headache for heavy energy users in South Africa, particularly gold mining companies.

The market is comfortably supplied in the short term, there shouldn't be any risk of shortages as long as the big projects ramp up.

SEMAFO expects to produce between 390,000 oz. gold and 430,000 oz. gold in 2019.