Getting in on the rush Nov 15, 2009
Companies that show the greatest upside potential include AngloGold Ashanti Ltd. (AU), Compania de Minas Buenaventura SA (BVN), and Gold Fields Ltd. (GFI) and each has seen its share price more than double in the past 12 months. The most widely held gold ETF is the streetTRACKS Gold Shares (GLD), 00004000 which trades like a stock but whose price reflects the performance of the price of gold bullion. (New York Post -- Business)
Fjordland to Extend Warrants Nov 11, 2009
Gold Fields Horsefly Exploration Corporation, a member of the Gold Fields Limited group of companies, may earn up to a 70% interest in the 40,750-hectare Woodjam North gold-copper property by spending $19 million on exploration over 7 years; a $3 million exploration program is currently in progress. The Woodjam Joint Venture, with Fjordland as operator, owns the Woodjam South property which adjoins the Woodjam North property. (CCNMatthews Press Releases)
Gold Fields Limited - Operating Profit of R2.8 Billion and Net Earnings of R1.0 Billion in the Quarter Ended September 2009 Oct 29, 2009
8 Billion and Net Earnings of R1. 0 Billion in the Quarter Ended September 2009. (Canada Newswire)
Ghana investment wrangles risk scaring off MNCs Oct 20, 2009
Among the foreign companies operating in Ghana are U.S. food giant Cargill, UK oil company Tullow Oil, French chemicals maker Air Liquide, and mining concern Gold Fields Ltd.. Eurasia Group's Spio-Garbrah said the government's handling of the Exxon-Kosmos case so far has been dogged by confusion, with public comments from the state oil company not necessarily reflecting the government view. (Ghana Web, Ghana)
Aurion Amends Terms to Offering, Appoints Director and Officer and Grants Options Oct 10, 2009
He has worked in North and South America, Europe and Asia as an employee and consultant to Anaconda Mining Inc., BHP Billiton Ltd., Gold Fields Ltd. and Newmont Mining Corp. among others. With Anaconda, he was involved in the initial resource definition at the Stillwater Pd-Pt mine in Montana, and the discovery of mineralization at the La Choya gold mine in Sonora, Mexico. (CCNMatthews Press Releases)
Global Mining Takeovers Set for First-Quarter Recovery as Metals Increase Sep 8, 2009
Gold companies including Silver Lake Resources Ltd., Norton Gold Fields Ltd. and may also be involved in mergers, Arden said. The net debt of global mining companies peaked at $93. (Bloomberg -- Canada)
Canada Stocks Rise as Banks Climb on Employment Reports; Suncor Advances Sep 5, 2009
Gold Fields Ltd. said it sold a stake in the Canadian producer of the metal in China for about $293 million. To contact the reporter on this story: in New York at. (Bloomberg -- Canada)
Stocks Extend Losses In Lighter Trade Sep 4, 2009
eIBD Investor's Business Daily Digital Edition. Access recent eIBD issues easily. (Investors Business Daily)
Canada's Eldorado Agrees to Buy Rest of Sino Gold Aug 27, 2009
Eldorado said the deal has the unanimous support of Sino Gold's board, and would allow it to complete the takeover of Sino Gold begun in June when it acquired a 20 percent stake in the company from Gold Fields Ltd. in Johannesburg. Eldorado Chief Executive Paul Wright said it makes the new Eldorado "the unequivocal leader among international gold producers operating in China.". (ABC News -- Wire)
Sino Gold Shares Halted in Sydney Trading Ahead of Possible Transaction Aug 26, 2009
Eldorado, the first North American gold producer to operate in China, bought its stake in Sino from Gold Fields Ltd., Africas second-largest gold mining company, for about $282 million in stock. It would be a matter for shareholders in the event that Eldorado made a proposal, Klein said June 4. (Bloomberg -- Australia & New Zealand)
Gold Fields Elevates Ghana Operations Aug 20, 2009
Business News of Wednesday, 19 August 2009. Business News of Wednesday, 19 August 2009. (Ghana Web, Ghana)
Paulson Stocks up on Banks, Drugs and Gold Aug 13, 2009
By Joseph A. Giannone August 12, 2009. NEW YORK (Reuters) - Hedge fund manager John Paulson, who made a fortune betting against financial companies after foreseeing the credit crisis, stocked up on shares of Bank of America Corp during the second quarter. (ABC News -- Wire)
Gold Fields Limited: Record Safety Year Aug 6, 2009
Production and Cost Beat Guidance for the Quarter JOHANNESBURG, Aug. 6 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced normalised earnings excluding gains and losses on foreign exchange, financial instruments, exceptional items and share of profits and losses of associates after taxation for the June 2009 quarter of R949 million, compared with normalised earnings of R1,369 million and R943 million for the March 2009 and the December 2008 quarters... (Canada Newswire)
Gold inches up as greenback struggles Jun 27, 2009
On the supply side, South Africa's Gold Fields Limited expected to beat guidance and increase production by 4 per cent in the fourth quarter of 2009. For next week, the metal should see less liquidity and more short-term volatility because of thinner volume related to the US Independence Day and Canada Day holidays, said George Gero, vice president of RBC Capital Markets Global Futures. (Sydney Morning Herald -- Business)
Sino Gold Won't Extend Gold Fields Exploration Alliance After Stake Sale Jun 4, 2009
June 4 (Bloomberg) -- , owner of Chinas second-largest gold mine, wont extend its exploration alliance with Gold Fields Ltd. after the African company sold its 19. 9 percent stake in the company. (Bloomberg -- Australia & New Zealand)
Gold Fields Sells Stake in Sino Gold for US$282 Million Jun 3, 2009
JOHANNESBURG, June 3 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) is pleased to announce that agreement has been reached in terms of which Gold Fields will sell its current 19 ... (*) Based on the closing price of Eldorado on 2 June 2009 About Gold Fields Gold Fields Limited is one of the world's largest unhedged producers of gold with attributable steady state production of approximately 4 million ounces per annum from nine operating mines in South Africa, Peru,... (Canada Newswire)
Earnings Boosted by Higher Production and Gold Price May 7, 2009
JOHANNESBURG, May 7 /PRNewswire-FirstCall/ -- Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced headline earnings for the March 2009 quarter of R1,512 million, compared with headline earnings of R484 million and R1,246 million for the December 2008 and the March 2008 quarters respectively ... 0 billion; - Total cash costs decreased 2 per cent from R153,893 per kilogram (US$487 per ounce) to R150,301 per kilogram (US$471 per ounce); - Notional cash expenditure... (PR Newswire)
Standard and Poor's Assigns Gold Fields an Investment Grade Credit Rating Mar 19, 2009
JOHANNESBURG, March 19 /CNW/ - Standard and Poor's Ratings Services ("Sday assigned Gold Fields Limited ("Gold Fields") (JSE, NYSE, NASDAQ Dubai: GFI) with a 'BBB-/ A-3' long-term and short-term global corporate credit rating and 'zaA/zaA-1' long- term and short-term South Africa national scale corporate credit rating. The outlook is stable. The long-term ratings reflect Gold Fields' satisfactory business risk and intermediate financial risk profiles while the short-term ratings reflect Gold... (Canada Newswire)
Court halts Rusoro takeover bid for Gold Reserve Feb 11, 2009
Although the company is headquartered in Vancouver, trades on the TSX Venture Exchange, and its largest shareholder is South Africa's Gold Fields Ltd., Rusoro has portrayed itself as a Russian-backed company. The company's chairman, Vladimir Agapov, is a Russian national. (Globe and Mail -- Business)
