About us

Company overview

Simmer & Jack Mines, Limited is an emerging South African metals company with significant gold and uranium assets. The Company's goal is to become a low-cost, major gold and uranium producer, aiming for 2.8 million pounds of uranium by 2010 and 1 million ounces of gold by 2012.

Simmers' gold operations are situated in South Africa's North West province (Buffelsfontein Mine) and the under-explored Mpumalanga province (Transvaal Gold Mining Estates). The Company also has a 37.24% stake in TSX and JSE-listed First Uranium Corporation. Established in 2005 to house Simmers' uranium assets, First Uranium Corporation, raised R1.3 billion in new capital when it listed on the Toronto Stock Exchange in December 2006. This was followed in June 2007 when First Uranium raised an additional CDN$150 million in a private placement of senior unsecured convertible debentures, due in June 2012. The net proceeds from the listing and the convertible debentures are being used to develop First Uranium's two gold and uranium projects, namely the underground Ezulwini Mine, and a tailings recovery project called Mine Waste Solutions. In February 2009, Simmers acquired Tau Lekoa gold mine from AngloGold Ashanti for a consideration of R600 million.

The Company is engaged in an intensive growth and development strategy to ramp up production at all its operations and convert its substantial resource base to mineable reserves.

Simmer and Jack complies with black economic-empowerment ownership and control criteria of the Mining Charter and the Minerals and Petroleum Resources Development Act of 2002. As a result, the company is also compliant with government's recently released Codes of Good Practise. BEE investments into the company account for direct equity-ownership stake in Simmers of 27%.

Simmers is well positioned for growth through:

  • organic expansion of its substantial resource base,
  • exploration programmes at TGME and Ezulwini that are expected to significantly upgrade the resource base of these two operations
  • acquisitions that fit the Simmers' profile,