Edition:
India

Gold Fields Ltd (GFIJ.J)

GFIJ.J on Johannesburg Stock Exchange

5,187.00ZAc
22 Apr 2019
Change (% chg)

-303.00 (-5.52%)
Prev Close
5,490.00
Open
5,300.00
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Day's Low
5,120.00
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2,102,428
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6,063.00
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Latest Key Developments (Source: Significant Developments)

Gold Fields Sees 2018 HEPS Between S$0.05-0.09
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Gold Fields Ltd ::JSE: GFI - TRADING STATEMENT FOR FY 2018.GOLD FIELDS LTD - NORMALISED EARNINGS PER SHARE FOR FY 2018 IS EXPECTED TO RANGE FROM US$0.01-0.05 PER SHARE.GOLD FIELDS LTD - COST OF SALES IN FY 2018 WAS LOWER THAN IN FY 2017 MAINLY DUE TO LOWER AMORTISATION PRIMARILY AT CERRO CORONA AND SOUTH DEEP.GOLD FIELDS - BASIC LOSS PER SHARE FOR FY 2018 IS EXPECTED TO RANGE FROM US$0.40-0.44 PER SHARE, 1900-2100% (US$0.38-0.42 PER SHARE).GOLD FIELDS LTD - HEADLINE EARNINGS PER SHARE FOR 12 MONTHS ENDED 31 DECEMBER 2018 IS EXPECTED TO RANGE FROM US$0.05-0.09 PER SHARE.GOLD FIELDS LTD - ATTRIBUTABLE GOLD EQUIVALENT PRODUCTION FOR 2018 IS EXPECTED TO BE 2.04MOZ (FY17: 2.16MOZ).GOLD FIELDS LTD - EXCLUDING ASANKO, ATTRIBUTABLE PRODUCTION FOR 2018 WAS 96% OF ORIGINAL GUIDANCE.GOLD FIELDS - REVENUE IN FY 2018 WAS LOWER THAN IN 2017 PRIMARILY DUE TO LOWER GOLD SOLD AT SOUTH DEEP DUE TO RESTRUCTURING AND INDUSTRIAL ACTION IN Q4.  Full Article

Gold Fields Denies Media Report Of Deal With AngloGold Ashanti
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - Gold Fields Ltd ::TAKES NOTE OF MEDIA REPORT THAT CO WANTS TO COMBINE WITH ANGLOGOLD ASHANTI.SAYS MEDIA REPORT THAT CO WANTS TO COMBINE WITH ANGLOGOLD ASHANTI IS "FACTUALLY INACCURATE".  Full Article

Gold Fields Got Notice From Mineworkers Union Of Strike At South Deep Operation
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Gold Fields Ltd ::JSE: GFI - NUM GIVES STRIKE NOTICE AT SOUTH DEEP MINE.GOLD FIELDS - GOT NOTICE FROM NATIONAL UNION OF MINEWORKERS OF PROTECTED STRIKE AT SOUTH DEEP OPERATION IN S. AFRICA TO PROTEST RETRENCHMENTS AT MINE.GOLD FIELDS LTD - SOUTH DEEP STILL HAS TO REDUCE ITS WORKFORCE BY ABOUT 1,100 STAFF MEMBERS.GOLD FIELDS - IF STRIKE PROCEEDS, IT IS EXPECTED TO IMPACT ADVERSELY ON PRODUCTION DURING ITS DURATION AT SOUTH DEEP MINE.GOLD FIELDS LTD - SOUTH DEEP MINE WILL REDUCE NUMBER OF CONTRACTORS BY ABOUT 420 PEOPLE.GOLD FIELDS LTD - IF DEEMED NECESSARY, SOUTH DEEP WOULD ALSO CONSIDER CESSATION OF PRODUCTION FOR A LIMITED PERIOD OF TIME.GOLD FIELDS LTD - RETRENCHMENT LETTERS WERE SENT TO 1,100 STAFF MEMBERS ON 31 OCTOBER 2018.GOLD FIELDS - RESTRUCTURING WILL HELP TO REDUCE RISK OF CONTINUING OPERATING LOSSES AND CONSOLIDATES CURRENT MINING OPERATIONS AT SOUTH DEEP MINE.  Full Article

Gold Fields Expects FY 2018 Group Gold Production Between 2.08MOZ And 2.10MOZ​
Wednesday, 14 Feb 2018 

Feb 14 (Reuters) - Gold Fields Ltd ::DAMANG PROJECT ‍2018 GUIDANCE IS PRODUCTION OF 160KOZ AT AIC OF US$1,520/OZ WHICH INCLUDES PROJECT CAPITAL OF US$105M​.‍2.160 MILLION OUNCES OF ATTRIBUTABLE GOLD PRODUCTION IN FY 2017, UP 1% YOY​.‍HEADLINE EARNINGS FOR 2017 WERE US$194M OR US$0.24 PER SHARE​.‍NET LOSS FOR FY 2017 WAS US$35M OR US$0.04 PER SHARE.‍NORMALISED EARNINGS FOR 2017 WAS US$138M OR US$0.17​.‍DECLARED A FINAL DIVIDEND OF 50 SA CENTS PER SHARE​.‍ATTRIBUTABLE EQUIVALENT GOLD PRODUCTION FOR GROUP FOR 2018 IS EXPECTED TO BE BETWEEN 2.08MOZ AND 2.10MOZ​.  Full Article

Gold Fields Acquires Additional Shares Of Cardinal Resources In Prospectus Offering
Tuesday, 28 Nov 2017 

Nov 27 (Reuters) - Gold Fields Ltd ::GOLD FIELDS ACQUIRES ADDITIONAL SHARES OF CARDINAL RESOURCES IN PROSPECTUS OFFERING.SAYS ‍CORPORATE INTERNATIONAL HOLDINGS PURCHASED 3.7 MILLION ORDINARY SHARES OF CARDINAL RESOURCES LTD AT PRICE OF C$0.65 PER ORDINARY SHARE​.  Full Article

Gold Fields quarterly gold production rises
Monday, 23 Oct 2017 

Oct 23 (Reuters) - GOLD FIELDS LTD ::‍IN SEPTEMBER 2017 QUARTER, GOLD FIELDS GENERATED NET CASH FLOW OF US$85M COMPARED WITH AN OUTFLOW OF US$67M IN Q2 2017​.‍ATTRIBUTABLE EQUIVALENT GOLD PRODUCTION FOR QUARTER ENDED SEPT 30 WAS 3 PCT HIGHER QOQ (6 PCT HIGHER YOY) AT 567KOZ​.‍FOR QUARTER ENDED SEPT 30, ALL-IN SUSTAINING COSTS WERE 5 PCT LOWER QOQ (12 PCT LOWER YOY) AT US$906/OZ. ALL-IN COSTS WERE 5 PCT LOWER QOQ AT US$1,032/OZ​.‍AVERAGE US$ GOLD PRICE ACHIEVED IN QUARTER WAS 2 PCT HIGHER QOQ (4 PCT LOWER YOY) AT US$1,276/OZ​.‍FULL-YEAR PRODUCTION FOR SOUTH DEEP MINE IS EXPECTED TO BE 5 PCT TO 10 PCT BELOW ORIGINAL GUIDANCE OF 9,800KG (315KOZ)​.AS A RESULT OF TIMING OF CERTAIN ACTIVITIES AND DELIVERIES, A$80M OF FORECASTED CAPITAL SPEND FOR GRUYERE FOR FY17 HAS BEEN DEFERRED TO FY18​.‍GROUP FY PRODUCTION GUIDANCE REMAINS UNCHANGED​.‍FY ATTRIBUTABLE EQUIVALENT GOLD PRODUCTION EXPECTED TO BE 2.10MOZ AND 2.15MOZ, WITH AISC OF US$1,010 PER OUNCE AND US$1,030 PER OUNCE​.  Full Article

‍Corporate International Holdings says owns about 8.8 pct of outstanding ordinary shares of Cardinal Resources Limited
Wednesday, 27 Sep 2017 

Sept 26 (Reuters) - Cardinal Resources Ltd :‍Corporate International Holdings says owns about 8.8 [ct of outstanding ordinary shares of Cardinal Resources Limited.  Full Article

Moody's says South African gold and platinum miners' restructuring supports their credit profiles
Tuesday, 12 Sep 2017 

Sept 12 (Reuters) - Anglogold Ashanti Ltd -:Moody's: South African gold and platinum miners' restructuring supports their credit profiles.Moody's says restructuring of South African operations will be positive for credit profiles of Anglogold Ashanti Ltd, Gold Fields and Sibanye Gold.Moody's-South African mining groups' restructuring initiatives will protect their credit quality by returning South African operations to a state in which they are free cash flow-generating.Moody's -profitability of South African gold, PGM mining operations under increasing pressure due to still low, but slightly improved, price environment.  Full Article

Gold Fields says HY normalised earnings of $77 mln
Thursday, 17 Aug 2017 

Aug 17 (Reuters) - GOLD FIELDS LTD ::NORMALISED EARNINGS OF $77M FOR HY 2017 COMPARED WITH NORMALISED EARNINGS OF US$103M FOR SIX MONTHS TO JUNE 2016.NORMALISED EARNINGS FROM CONTINUING OPERATIONS OF US$80M FOR HY 2017 COMPARED WITH NORMALISED EARNINGS OF US$98M FOR HY 2016.NORMALISED LOSS FROM DISCONTINUED OPERATIONS OF US$3M FOR HY 2017 COMPARED WITH NORMALISED EARNINGS OF US$6M FOR HY 2016.INTERIM DIVIDEND OF 40 SA CENTS PER SHARE (GROSS) IS PAYABLE ON 11 SEPTEMBER 2017.HY 1.047 MILLION OUNCES OF ATTRIBUTABLE GOLD PRODUCTION.HY US$980 PER OUNCE ALL-IN SUSTAINING COSTS.HY US$1,103 PER OUNCE ALL-IN COSTS.HY NET DEBT/EBITDA RATIO 1.12X.  Full Article

Gold Fields announces sale of Darlot mine to Red 5
Thursday, 3 Aug 2017 

Aug 3 (Reuters) - Gold Fields Ltd ::Sale of Darlot mine to Red 5.Gold Fields Ltd - ‍sale of Darlot mine in Western Australia, through wholly owned unit, to Red 5 Limited for a total consideration of a $18.5 million​.Gold Fields Ltd - ‍deferred consideration may be taken as additional shares in red 5 or as cash at Gold Fields' election​.Gold Fields Ltd - ‍Red 5 intends to undertake a rights issue in order to assist with funding of cash component and general working capital purposes​.  Full Article

Gold Fields to restart South African gold production as workers return

JOHANNESBURG, Dec 13 Workers will return to Gold Fields' sole South African mine on Thursday after a six-week strike was called off by the country's National Union of Mineworkers (NUM), with production likely to resume in earnest next year. Workers from the largest union operating at the South Deep mine downed tools in November after the bullion producer announced plans to cut 1,100 jobs at the mine - near a third of its workforce.