was 10-12k tonnes as of ten days ago, I believe. With milling having only just restarted and recalibration of the machinery to optimise it no doubt taking place, I doubt they will have touched much of the stockpile yet.
“The test is going to be now with this pick-up in the gold price and the absolute confusion around the global economy, and watching everyone suddenly rush back to gold and gold equities," said Mark Bristow, CEO of Randgold Resources, whose shares have surged 40 percent this year.
Prices are strong and companies are looking to acquire, said Neil Froneman, the CEO of Sibanye Gold, South Africa’s biggest gold producer. Deals Will Happen
The time for mergers and acquisitions in gold is ripe, according to Sibanye.
“This doesn’t come around very often, maybe every 15, 20 years," Froneman said.
The biggest producers have been battered by the slump in commodity prices that’s forced producers to dispose of lower-quality mines and smelters. Anglo American, which is selling more than half of its assets, will probably announce sales of its coal assets in the country in the next two weeks, according to the South African Mineral Resources Minister.
Private equity groups are circling. The value of private-equity deals in the mining industry will rise this year from $3.2 billion in 2015 as top producers save money and offload unwanted operations, according to U.K. law firm Berwin Leighton Paisner.
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