Excelsior hedges Gold production
Excelsior Gold has also granted call options for approximately 21,200 ounces of gold throughout 2018 with an exercise price of A$1,600 per ounce.
Sylvania Platinum posts $1.7 mn net profit for FY15
Net profit rose due to a 1.2% revenue increase to $48 million during the period, reflecting a 7% rise in output to 57,587 platinum group of metal ounces that beat its revised guidance of between 55,000 and 57,000 ounces for the year.
Gold Fields back in profit as costs decline
Gold Fields made two consecutive quarterly losses before the most recent quarter as output fell at its South Deep mine in South Africa as the gold price also dropped. The precious metal has fallen 3.8 percent this year.