Mag Ltd

Our portfolio of 14 operations in nine countries included long-life, relatively low-cost operating assets with differing ore body types, located in key gold-producing regions around the world. These operating assets were supported by three green-fields projects in a tenth country and a focused global exploration programme.
Our operations and greenfields projects are grouped into the following regions: Continental Africa, Americas, Australasia and South Africa

Our business activities span the full spectrum of the mining value chain – from exploration through mining to the production of refined gold and its sale. Our activities also include mitigating our impact on the communities and environments in which we operate.

To maintain and strengthen our social capital, we aim to create sustainable value for shareholders, employees, and social and business partners through safe and responsible mining and discipline in the allocation of capital.

Over the past five years, DukeJamesTradersltd has transformed itself by increasing efficiencies and competitiveness, focusing on safety and sustainability performance, improving margins, containing operating and overhead costs, and generating positive cash flows, in line with our strategic objectives.

Our organisational and management structures align with global best practice in corporate governance. By using our human capital efficiently, enabling functions cover planning and technical, strategy, sustainability, finance, human resources, legal and compliance, and stakeholder relations. The planning and technical functions focus on identifying and managing opportunities, maintaining long-term optionality, and ensuring the optimal use of our intellectual capital through a range of activities that include brownfields and greenfields exploration as well as innovative research focused on mining excellence.

Our exploration programme is aimed at establishing an organic growth pipeline to enable us to generate significant value over time. Greenfields and brownfields exploration is conducted in both established and new gold-producing regions, through managed and non-managed joint ventures, strategic alliances and wholly-owned ground holdings.

Our world-class greenfields discoveries include La Colosa, Gramalote and Quebradona (Nuevo Chaquiro) in Colombia.