|Bid||4.21 x 40700|
|Ask||4.22 x 38800|
|Day's Range||3.9300 - 4.2200|
|52 Week Range||2.2000 - 4.2900|
|Beta (3Y Monthly)||-0.80|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.06 (1.54%)|
|1y Target Est||3.71|
JOHANNESBURG/LONDON, Feb 18 (Reuters) - South African utility Eskom imposed the worst power cuts in several years on homes and businesses last week, conjuring up memories of the 2008 crisis when the grid nearly collapsed and cost the mining industry billions in lost output. Although Eskom - which supplies around 90 percent of power in Africa's most industrialised economy - paused the blackouts on Friday for the first time in five days, it warned that its creaking infrastructure could buckle at any time. It is not clear how much the industry, which consumes about 15 percent of Eskom’s annual output, lost in production but the crisis sent prices of both gold and platinum to record levels and pummelled the rand.
The production goal for the mine this year is 193,000 ounces, less than a quarter of the annual target set more than a decade ago. After investments of almost $800 million failed to turn South Deep around, Chief Executive Officer Nick Holland has reined in his ambitions amid one final push. “I take no pride at all in going year after year telling people we can’t deliver on South Deep,” Holland said.
JOHANNESBURG , Feb. 15, 2019 /PRNewswire/ -- Gold Fields Limited (NYSE: GFI) (JSE: GFI) announced normalised profit from continuing operations of US$27 million for the year ended December 2018 compared ...
VANCOUVER, British Columbia, Feb. 14, 2019 -- Asanko Gold Inc. (“Asanko” or the “Company”) (TSX, NYSE American: AKG) reports fourth quarter (“Q4”) and full year (“FY”) 2018.
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Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Gold Fields Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
JOHANNESBURG , Feb. 6, 2019 /PRNewswire/ -- Gold Fields Limited (Gold Fields) (JSE: GFI) (NYSE: GFI) advises that headline earnings per share for the 12 months ended 31 December 2018 (FY 2018) is expected ...
Sibanye Gold Ltd. hasn’t discussed deals, but AngloGold Ashanti Ltd.’s Mponeng mine and Gold Fields Ltd.’s troubled South Deep operation would both fit into the company’s portfolio, Chief Executive Officer Neal Froneman said in an interview in Cape Town. The mega deals forged by the world’s biggest gold producers, Newmont Mining Corp. and Barrick Gold Corp., have switched the spotlight onto the strategy pursued by No. 3 AngloGold.
Asanko Gold Inc. (“Asanko” or the “Company”) (TSX, NYSE American: AKG) is pleased to provide an update on the development of the Esaase Project, which forms part of the multi-pit Asanko Gold Mine (the “AGM”), located in Ghana, West Africa. The AGM is a 50:50 joint venture (“JV”) with Gold Fields Ltd (JSE, NYSE: GFI) which is managed and operated by Asanko. Commenting on the update, Peter Breese, President and CEO, said “The large-scale Esaase deposit provides an exciting near-term organic growth opportunity for the business.
JOHANNESBURG , Jan. 22, 2019 /PRNewswire/ -- Gold Fields Limited (Gold Fields) (JSE: GFI) (NYSE: GFI) has taken note of the Bloomberg statement that it wants to combine with rival AngloGold Ashanti. This ...
Gold Fields believes it would be the ideal combination as the two miners operate in similar jurisdictions and have a shared philosophy, said the person, who asked not to be identified because the information is private. The enlarged company could produce almost 6 million ounces of gold a year, closing the gap on Newmont Mining Corp. and Barrick Gold Corp., which have both announced mega deals. Gold Fields shares climbed as much as 7.7 percent and AngloGold rose as much as 3.5 percent in Johannesburg.
VANCOUVER, British Columbia, Jan. 17, 2019 -- Asanko Gold Inc. (“Asanko” or the “Company”) (TSX, NYSE American: AKG) announces production results for the fourth quarter (“Q4”).
Analysts at BMO Capital Markets, the investment banking subsidiary of Bank of Montreal (BMO), took action on gold mining stocks on Monday. BMO downgraded Yamana Gold Inc. (AUY) to market perform from outperform, initiated coverage on AngloGold Ashanti Ltd. (AU) with a market perform rating and on Gold Fields Ltd. (GFI) with an underperform rating. Warning! GuruFocus has detected 6 Warning Signs with AU.
Donald Smith (Trades, Portfolio), t he president and co-chief investment officer of Donald Smith & Co., bought shares of the following stocks in both the second and third quarters. Warning! GuruFocus has detected 4 Warning Signs with AFLYY. Smith is the largest gurur shareholder of the company with 5.59% of outstanding shares.
Warning! GuruFocus has detected 3 Warning Signs with GFI. Gold Fields is a South African mining company with gold reserves and resources in South Africa, Ghana, Australia and Peru. The miner, which operates seven mines, is guiding for full-year gold production of 2 million ounces at an all-in sustaining cost of $990 to $1,010 per ounce of metal sold.
As Positive Catalysts for Gold Emerge, Which Miners May Benefit? South African miners have traditionally traded at a discount to their global counterparts, primarily due to South Africa’s laws, labor concerns, and infrastructure challenges. Among these miners, Sibanye Gold (SBGL) is trading at the highest EV-to-EBITDA (enterprise value-to-EBITDA) multiple of 4.2x—a premium of 23.0% to the peer average.