United States

Gold Fields Ltd (GFI)

GFI on New York Consolidated

21 Oct 2016
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$0.01 (+0.23%)
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Latest Key Developments (Source: Significant Developments)

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

Gold Fields Ltd gives Q2 2015 production guidance
Monday, 13 Jul 2015 04:15am EDT 

Gold Fields Ltd:Says attributable gold equivalent production for Q2 2015 is expected to be about 535,000 ounces.  Full Article

Gold Fields Ltd reaches three-year wage agreement at South Deep Mine
Friday, 10 Apr 2015 10:08am EDT 

Gold Fields Ltd:Reaches a three-year wage and other conditions of employment agreement with its registered trade unions at its South Deep mine in South Africa.Agreement, which was signed with the National Union of Mineworkers and UASA, will result in average annual wage increases of 10 pct over the three-year period of the deal.First increase will take effect on April 01.  Full Article

Gold Fields Ltd gives FY 2015 production guidance - Conference Call
Thursday, 12 Feb 2015 02:00pm EST 

Gold Fields Ltd:Says guidance for FY 2015 is for virtually unchanged production of 2.2 million ounces.  Full Article

Gold Fields Ltd declares final dividend
Thursday, 12 Feb 2015 12:05am EST 

Gold Fields Ltd:Says a final dividend of 20 SA cents per share (gross) is payable on March 09 , giving a total dividend for the year ended Dec. 2014 of 40 SA cents per share (gross).Record date is March 06.  Full Article

Gold Fields Ltd updates Q4, FY 2014 production guidance
Friday, 16 Jan 2015 04:36am EST 

Gold Fields Ltd:Expects Q4 2014 Attributable gold equivalent production to be about 556,000 ounces (3Q 2014: 559,000 ounces).Expects FY 2014 attributable gold equivalent production to be about 2.22 mln ounces.Says the production expected for FY 2014 is slightly better than the original guidance of 2.20 mln ounces.  Full Article

PRECIOUS-Gold slides to two-week low after U.S. inflation data

* Gold down 1.5 pct this week, snapping two weeks of gains * Biggest gold ETF holdings drop 3.3 tonnes on Thursday * Coming up: Fed meeting Sept. 20-21, statement on Wednesday * GRAPHIC-2016 asset returns: http://reut.rs/1WAiOSC (Updates prices; adds comment, second byline, NEW YORK dateline) By Marcy Nicholson and Jan Harvey NEW YORK/LONDON, Sept 16 Gold fell to a two-week low on Friday after data showing faster-than-expected growth in U.S. consumer prices last