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Gold Fields Ltd (GFI.N)

GFI.N on New York Stock Exchange

21 Jul 2017
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$0.02 (+0.53%)
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Latest Key Developments (Source: Significant Developments)

Gold Fields hedges oil and Australian gold prices
Tuesday, 20 Jun 2017 03:33am EDT 

June 20 (Reuters) - Gold Fields Ltd ::Undertaken select hedging of oil price and australian dollar gold price given recent volatility in commodity prices and exchange rates.Volumes of oil hedged represent 50 pct of annualised fuel consumption for Australia and Ghana.Gold volumes hedged represent about 75 pct of expected production from Australia region for second half of 2017.Australian dollar gold price hedge to protect underlying cash flow of gold fields Australia, fund construction of Gruyere gold project.  Full Article

Gold Fields reports quarterly production fall of 3 pct
Wednesday, 26 Apr 2017 01:05am EDT 

April 26 (Reuters) - Gold Fields Ltd ::Operating update march 2017 quarter.Attributable equivalent gold production for quarter was 3 pct lower YOY (12 pct lower QOQ) at 497koz.All-In sustaining costs (AISC) were 6 pct higher YOY (12 pct higher QOQ) at us$1,016/oz.All-In costs (AIC) were 13 pct higher YOY (18 pct higher QOQ) at us$1,114/oz.Average us$ gold price achieved in quarter was 2 pct higher YOY (2 pct higher QOQ) at us$1,216/oz.Gold production at South Deep was 1,424kg (45.8koz), down 28 pct YOY (43 pct down QOQ) for quarter.Attributable equivalent gold production for 2017 is expected to be between 2.10 million ounces and 2.15 million ounces.AISC seen between us$1,010 per ounce and us$1,030 per ounce.  Full Article

Gold Fields sees FY HEPS between 730 pct and 780 pct higher
Friday, 3 Feb 2017 01:30am EST 

Gold Fields Limited : Trading statement for twelve months to 31 December 2016 . HEPS for FY 2016 are expected to be between 730 pct and 780 pct (us$0.29 to us$0.31) higher than headline loss per share of us$0.04 reported for FY 2015 . Increases primarily driven by an increase in us$ gold price (8 pct yoy) and lower net operating costs in local currencies . For FY 2016, attributable gold equivalent production is expected to be 2,146koz (FY 2015: 2,159koz), with all-in sustaining costs (AISC) of us$980/oz (FY 2015: us$1,007/oz) .Attributable gold equivalent production FOR Q4 2016 is expected to be 566koz (q3 2016: 537koz), with AISC of us$911/oz (Q3 2016: us$1,026/oz).  Full Article

Gold Fields exec VP for South Africa to leave for Implats job
Wednesday, 7 Dec 2016 01:00am EST 

Gold Fields Ltd : Resignation of Nico Muller . Announce resignation of Nico Muller, EVP: South Africa, effective March 3, 2017 . Nico will be leaving gold fields to take up position of chief executive officer of Impala Platinum .Search for a replacement has commenced.  Full Article

Gold Fields hikes FY production guidance
Thursday, 18 Aug 2016 12:57am EDT 

Gold Fields Ltd : Unaudited interim results . Says H1 1.04 billion ounces of attributable gold production up 1% yoy . Says in H1 generated net cash flow of us$60m for H1 2016, compared with us$1m in h1 2015 . Interim dividend of 50 SA cents per share (gross) is payable on 12 September 2016 . Following Brexit at end of June, gold price has increased almost us$100/oz and is approximately us$250/oz higher than our planning price for 2016 . H1 us$992 per ounce all-in-sustaining costs . H1 us$60 million cash inflow from operating activities. . Normalised earnings of us$103 million for six months to june 2016 compared with normalised earnings of us$8 million for six months to June 2015 . Says headline earnings for H1 2016 was us$124m or us$0.16/share . Says headline earnings compares with us$5m or us$0.01/share reported for h1 2015 . Production at South Deep increased by 87% to 4,356kg (140koz) from 2,332kg (75koz) in h1 2015 driven by increased volumes and grade . AIC in H1 2016 decreased 19% yoy to r622,453/kg (us$1,257/oz) . Says FY16 production guidance for group has been increased to 2.10 - 2.15koz, from 2.05 - 2.10koz . Says increased FY16 production guidance for South Deep mine to 9,000kg (289koz) from 8,000kg (257koz) . Says increased AIC guidance for year to r595,000/kg (us$1,310/oz) from r575,000/kg (us$1,265/oz) . Says higher AIC relates to increased capital expenditure of R211m (us$15m) to R1,210m (us$86m).  Full Article

Gold fields sees H1 HEPS $0.16
Tuesday, 19 Jul 2016 02:00am EDT 

Gold Fields Ltd : Sees heps for h1 2016 are expected to be 1,500% higher than us$0.01 per share reported for h1 2015, at us$0.16 per share. . Sees h1 normalised earnings 1,200% higher than us$0.01 per share reported for h1 2015 at us$0.13 per share .Increases in eps, heps and normalised earnings are primarily driven by an increase in us$ gold price (3% yoy).  Full Article

Gold Fields Ltd gives Q4 2015 gold production guidance; updates FY 2015 gold production guidance
Wednesday, 27 Jan 2016 04:50am EST 

Gold Fields Ltd:Says Group attributable equivalent gold production for Fy 2015 financial year is expected to be 2.16Moz.Says For Q4 2015, Group attributable equivalent gold production is expected to be 566.0koz.  Full Article

Gold Fields Ltd - S.Africa court to decide on silicosis class action against gold sector - Reuters
Sunday, 11 Oct 2015 08:00pm EDT 

Gold Fields Ltd:A South African court on Monday began two weeks of hearings to determine if gold miners suffering from debilitating lung diseases they say they contracted at work can proceed with a class action lawsuit against the industry - RTRS.The industry is opposed to the lawsuit proceeding as a class action, which would enable plaintiffs to join forces as a "class" as opposed to thousands of individual cases - RTRS.Working deep underground for years without proper protection, countless South African miners inhaled silica dust from gold-bearing rocks and later contracted silicosis - RTRS.A disease which causes shortness of breath, a persistent cough and chest pains, it makes people highly susceptible to tuberculosis, which kills - RTRS."If the court certifies the class, the lawsuit will proceed as the largest ever class action law-suit in the coun-try and on the continent," the Legal Resources Centre, a human rights group which has joined the case, said in a statement on Monday - RTRS.Attorney Richard Spoor, whose legal battle against a South African asbestos-mining company led to a $100 million settlement in 2003, told Reuters he had signed up more than 30,000 former miners and their dependants for the lawsuit - RTRS.Another law firm, Abra-hams Kiewitz, has also joined the suit, which targets AngloGold Ashanti, Harmony Gold, Sibanye Gold, Gold Fields, Anglo American, DRDGold, & African Rainbow Minerals - RTRS.  Full Article


South Africa's Sibanye Gold finalizes $1 billion rights issue at 60 percent discount

JOHANNESBURG South Africa's Sibanye Gold will tap shareholders for funds at a discount of 60 percent in a $1 billion rights issue, the mining company said on Thursday.