2.70 -0.23 (-7.85%)
Pre-Market: 5:39AM EDT
|Bid||2.67 x 1000|
|Ask||2.68 x 3000|
|Day's Range||2.90 - 3.02|
|52 Week Range||2.90 - 4.70|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.07 (1.98%)|
|1y Target Est||4.17|
JOHANNESBURG , August 14, 2018 /PRNewswire/ -- Gold Fields Limited (Gold Fields) (JSE: GFI) (NYSE: GFI) announces a restructuring at its South Deep operation and provides a further trading statement relating ...
After years of losses and failed turnarounds, Gold Fields Ltd. is having to come up with another plan to save its massive South Deep mine. The Johannesburg-based company may cut about 1,560 employees and contractors at the operation, its only one left in South Africa, and refocus the mine plan to reduce activity and lower costs. South Deep is the world’s second-biggest known body of gold-bearing ore and has the potential to produce for 70 years, yet more than a decade of poor performance has weighed on the company.
JOHANNESBURG , August 8, 2018 /PRNewswire/ -- Gold Fields Limited (Gold Fields) (JSE: GFI) (NYSE: GFI) advises that basic earnings per share (EPS) for the six months ended 30 June 2018 (H1 2018) is expected ...
JOHANNESBURG , July 31, 2018 /PRNewswire/ -- Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) is pleased to announce the completion of the Joint Venture transaction with Asanko Gold (Asanko), with Gold ...
Asanko Gold Inc. (“Asanko” or the “Company”) (AKG.TO) (NYSE American:AKG) is pleased to announce that it has completed the required transactions with subsidiaries of Gold Fields Limited (“Gold Fields”) (GFI) (GFI) for a 50% joint venture interest in Asanko’s 90% interest in the Asanko Gold Mine (“AGM”) and its associated properties in Ghana, West Africa (the “Transaction”). Upon closing of the Transaction, Asanko received US$165 million in cash from Gold Fields, with the remaining US$20 million receivable in cash upon achievement of an agreed Esaase development milestone but in any event by no later than December 31, 2019.
Three thousand meters below the plains southwest of Johannesburg, teams of miners are toiling to revive the gold industry that underpinned South Africa’s economy for generations. The South Deep mine was built to target the world’s second-biggest known body of gold-bearing ore, a deposit that could produce for the next 70 years and slow the steady decline in the country’s production. Trouble is, the mine’s not making any money for owner Gold Fields Ltd.
Ahead of today's trading session, WallStEquities.com scans Agnico Eagle Mines Ltd (NYSE: AEM), Comstock Mining Inc. (NYSE AMER: LODE), Eldorado Gold Corp. (NYSE: EGO), and Gold Fields Ltd (NYSE: GFI). Gold companies engage in the exploration and production of gold from mines.
The last week has been beneficial for precious metal mining stocks, with most rising. In this article, we’ll discuss mining stocks’ moving averages and RSI (relative strength index) scores. On Thursday, most mining stocks rebounded as gold rose.
Moody's Investors Service upgraded Gold Fields Limited (Gold Fields) to investment grade, raising its rating to Baa3 from Ba1. At the same time the rating on Gold Fields' $1 billion ($852 million outstanding) senior unsecured notes due 7 October 2020, issued by Gold Fields Orogen Holding (BVI) Limited and guaranteed by Gold Fields, was upgraded to Baa3 from Ba1. Moody's also withdrew Gold Fields' Ba1 Corporate Family Rating and Ba1-PD Probability of Default Rating.
JOHANNESBURG , June 22, 2018 /PRNewswire/ -- Gold Fields Limited (Gold Fields) (JSE: GFI, NYSE: GFI) is pleased to announce that the Ghanaian Minister of Lands and Natural Resources has granted regulatory ...
Most mining companies with operations in South Africa are facing infrastructure issues and labor concerns. South African miners are also facing issues due to safety regulations at their mines following several accidents due to controllable and uncontrollable circumstances. This is also true of Gold Fields (GFI), which has mines in Ghana and South Africa.
WallStEquities.com shifts focus on Gold, which is the most popular precious metal for investors. Gold prices are influenced by numerous variables that include fabricator demand, expected inflation, return on assets, and central bank demand. In this morning's lineup are these four stocks: Gold Fields Ltd (NYSE: GFI), Golden Star Resources Ltd (NYSE AMER: GSS), Kinross Gold Corp. (NYSE: KGC), and Kirkland Lake Gold Ltd (NYSE: KL).
NEW YORK, June 07, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Cemex ...
Another element that could have possibly boosted gold prices is the forward-looking estimates of higher inflation. The Fed’s assertion that it would let inflation (TIPS) move above its target of 2% is positive for gold. Gold is often considered to be a hedge against inflation.
Though most of the time, mining companies are known to closely track the fluctuations in gold and silver, on May 23, while precious metals fell, most miners stayed afloat.
It seems that the rout in precious metals has also plagued the performance of precious metal mining companies. In this article, we’ll discuss Sibanye Gold (SBGL), Gold Fields (GFI), Yamana Gold (AUY), and Pan American Silver (PAAS), which have fallen 40.9%, 15.8%, and 10.3%, respectively. PAAS has risen 12.8% on a YTD basis.
Lower platinum prices are a major concern for platinum miners in Africa. Platinum, like palladium, is used to cut down carbon monoxide emissions and as a catalyst in vehicle engines. It is also used in diesel-based generators. The platinum market has been in short supply for the last few years, and its deficit is expected to expand to a short supply of 275,000 ounces in 2018.
South African miners have traditionally traded at a discount to their global counterparts (GDX), primarily due to South Africa’s laws, labor concerns, and infrastructure challenges. Among these miners, Gold Fields (GFI) has the highest valuation multiple of 3.8x—a premium of 16.0% to the peer average. Sibanye Gold (SBGL) has a forward multiple of 3.5x—a premium of 7.4% to the peer average.
The personal consumption expenditure (or PCE) price index climbed 2.0% year-over-year (or YoY) in March 2018, which was the biggest gain since February 2017. Excluding the volatile food and energy components, the core PCE index, the Fed’s preferred measure of inflation, rose by 1.9% YoY. Economists are now expecting PCE to hit 2.0% in May because of favorable base effects.
Usually, precious metal mining companies follow precious metals. Precious metals seem to be in the doldrums over the strength of the US dollar and the Fed’s decision to raise interest rates. The recent slump in demand for haven assets has also affected mining stocks.