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Where do gold mining company in Africa sell their gold?

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Gold mining companies in Africa, when we speak of larger companies with 50–100 people employed, and good organization, they sell their gold to best refineries in the world, to the dealers and to the clients who have signed up contracts of pre-financing or forward gold production. read more

Gold Fields production down due to unbundling of certain assets in South Africa into a newly created company called Sibanye Gold. 3 of the companies took on major writedowns on their assets in the last quarter of 2011 and that affected their annual profits (Newmont $1.6B, Kinross $2.94B, Agnico-Eagle Mines $644.9M). read more

Exploration either starts with looking for gold in and around existing gold fields or it starts with a conceptual target, i.e. a geologist may notice that a particular area contains certain rock types that in other locations are associated with gold mineralisation. read more

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