Randgold chief sees gold supply problem


By Dineo Faku
The Independent, Cape Town, South Africa
Tuesday, September 27, 2016

JOHANNESBURG, South Africa -- Mark Bristow, South African-born founder and chief executive of Randgold Resources, foresees a looming supply problem in the gold industry, saying that there was not enough exploration to replace gold that was being produced.

Speaking to journalists in Johannesburg yesterday, Bristow said gold miners had to put effort into finding more quality ounces.

"To keep the gold industry supplied we need to discover 90 million ounces a year." Bristow said. "We are discovering only 10 million to 15 million ounces a year. We either have to discover more quality ounces or reduce the life of mines." ...

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NewCastle Gold's New CEO, Gerald Panneton, Hits the Ground Running

By Tommy Humphreys
Tuesday, September 6, 2016

Mining entrepreneur Gerald Panneton took a few years off after building one of Canada's largest gold miners, Detour Gold. He raced performance cars in his down time, and conducted due diligence on various mining assets to potentially back.

This summer, the geologist set his sights on NewCastle Gold (TSXV:NCA), owner of a past-producing gold mine in California with similarities to Detour Gold in its early days. ...

... For the remainder of the report:


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