After a positive start to the year, gold mining stocks have been dropping as of late. The Market Vectors Gold Miners ETF (GDX) over the last month is down more than 4 percent. An improving U.S. economy has got investors looking elsewhere. The Paragon Report examines the outlook for companies in the Gold Industry and provides investment research on [...]
Gold Fields today released its Integrated Annual Report for the financial year ended 31 December 2011 to shareholders and other interested parties. The report incorporates all aspects of the Group's business, including reviews of the South African, West African, Australasian and South American operations, the Group's exploration and development [...]
Gold prices have been relatively muted this month due to strengthening investor optimism on the United States' economic outlook along with a sharp rise in treasury yields. The fall in gold prices has led one or more central banks to buy as much as four tons of bullion in recent weeks, according to a recent Financial Times report. Five Star Equities [...]
Gold Fields is pleased to announce that it has exercised its 40% option in the gold-copper Far Southeast Project in the Philippines after making a US$110-million payment this week. On 20 September 2010 Gold Fields entered into two option agreements with Lepanto Consolidated Mining Company (Lepanto), 60% owner of Far Southeast, and Liberty Express [...]
Gold Fields has announced its Mineral Resource and Mineral Reserve statement as at 31 December 2011. Gold Fields has total attributable precious metal and gold equivalent Mineral Resources of 217.0 million ounces (31 December 2010: 225.4 million ounces) and Mineral Reserves of 80.6 million ounces (76.7 million ounces). This represents a 5 [...]
Gold Fields today announced net earnings for the December quarter of R2,605 million compared with R2,055 million in the September quarter and a loss of R777 million in the December 2010 quarter. In US dollar terms net earnings for the December quarter were US$336 million, compared with US$293 million in the September quarter and a loss of US$106 [...]
Gold Fields and Gold One are pleased to announce that they have entered into a Memorandum of Understanding to investigate the viability of concurrently reprocessing their combined surface tailings deposits, located on the West Rand region of South Africa's Witwatersrand Basin. Gold One and Gold Fields currently operate mines on the West Rand, a [...]
Gold Fields Limited will publish its results for the quarter and year ended 31 December 2011 on the company's website www.goldfields.co.za at 08:00 am SA time on Friday, 17 February 2012.
Gold Fields has announced that attributable Group production for the financial year ended December 2011 (FY 2011) is expected to be 3.49 million gold equivalent ounces. Total cash cost for FY 2011 is expected to be approximately US$800/oz (R185,000/kg) and notional cash expenditure (NCE) approximately US$1,180/oz (R275,000/kg), both of which [...]
JOHANNESBURG, Dec. 5, 2011 /CNW/ - Production at Gold Fields Limited's (Gold Fields)
Cerro Corona mine in the Cajarmarca province in Peru has to date not been affected by the continuing protest actions against the Newmont Corp - Buenaventura proposed Conga Project in the region.
Cerro Corona, which is about 60km away from the proposed Conga
Gold Fields Limited has noted this week's Budget announcement by Ghana's Ministry of Finance and Economic Planning, which includes proposed changes to the tax regime for the country's mining industry. We require more details of the proposed tax changes to further assess their potential impact. Accordingly Gold Fields is not yet in a position [...]