Gold Fields announced on 29 November 2012, the creation of a new South African gold mining champion, through the unbundling of its 100% subsidiary, Sibanye Gold, formerly known as GFI Mining South Africa Proprietary Limited. Today, 11 February 2013, Sibanye Gold was listed on the JSE and began trading at around R14/share, giving it a market [...]
Gold's appeal as a safe haven increased Wednesday as nation's gross domestic product unexpectedly shrank in the fourth quarter. "Gold is reasserting itself as a flight to quality asset," said Adam Klopfenstein, senior market strategist with Archer Financial. Five Star Equities examines the outlook for companies in the Gold Industry and provides [...]
JOHANNESBURG, Jan. 21, 2013 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced that attributable Group production for the December 2012 quarter (Q4 2012) is expected to be 753,000 gold equivalent ounces compared to 811,000 ounces in the September quarter (Q3 2012) and 883,000 ounces in the corresponding 2011 [...]
Gold Fields today announces the creation of a new South African gold mining company through the proposed unbundling of its 100% owned subsidiary, Sibanye Gold Limited, formerly known as GFI Mining South Africa Proprietary, which holds the KDC and Beatrix gold mines as well as various service companies. Subject to approval by the JSE and the NYSE [...]
Gold stocks surged Wednesday as gold futures gained nearly $20 an ounce to settle at a 1-month high on optimism that lawmakers could make a deal which would avoid the upcoming "fiscal cliff." The Market Vectors Gold Miners ETF (GDX) spiked 1.5 percent last Wednesday. The Paragon Report examines investing opportunities in the Gold Industry and [...]
JOHANNESBURG, Nov. 26, 2012 /CNW/ - Gold Fields Limited (NYSE & JSE, Nasdaq Dubai: GFI) today announced net earnings for the September quarter of R1,424 million compared with R1,606 million in the June quarter and R2,055 million in the September 2011 quarter. In US dollar terms net earnings for the September quarter were US$171 million, compared [...]
JOHANNESBURG AND LIMA, Peru, Nov. 14, 2012 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) and Compañia de Minas Buenaventura S.A.A. (Buenaventura) (NYSE, BVN; Lima Stock Exchange: BUE.LM) today announced an update on the Chucapaca exploration project in the southern Peruvian region of Moquegua. The project is a joint [...]
GOLD FIELDS TO RELEASE Q3 2012 RESULTS ON 26 NOVEMBER 2012JOHANNESBURG, Nov. 6, 2012 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) will publish its results for the September 2012 quarter on the company's website - http://www.goldfields.co.za - at 08:00 am (SA time) on Monday, 26 November 2012. A telephone conference call [...]
JOHANNESBURG, Nov. 6, 2012 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) is pleased to announce that employees this morning returned to work at its KDC East Mine (formerly Kloof) to resume production after a 23-day strike. All three of Gold Fields' operating mines in South Africa are now back in production.The mine had [...]
After a strong third quarter, gold mining stocks have struggled of late. The Market Vectors Gold Miners ETF (GDX) is down more than 4 percent over the last month, while the Market Vectors Junior Gold Miners ETF (GDXJ) has crumbled more than 5 percent over the that period. Five Star Equities examines the outlook for companies in the Gold Industry [...]
JOHANNESBURG, Oct. 24, 2012 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) reports that more than 7,000 of the 8,100 employees that were dismissed at KDC East (formerly Kloof Gold Mine) yesterday, have today lodged appeals against their dismissal.The appeal hearings start tomorrow and will be conducted over the next few [...]
JOHANNESBURG, South Africa, Oct. 19, 2012 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) regrets to advise that approximately 8,500 of the 12,500 employees at KDC East (formerly Kloof Gold Mine), on an unlawful strike since 14 October, 2012, have not yet returned to work.Gold Fields, with the support of the Board of [...]