QUOTE AND NEWS
Benzinga  Oct 7  Comment 
Below are the top stocks in the basic materials sector in terms of gross margin. The trailing-twelve-month gross margin at Gold Fields (NYSE: GFI) is 99.70%. Gold Fields' revenue for the same period is $2.93 billion. The trailing-twelve-month...
The Hindu Business Line  Sep 17  Comment 
Gymnastic Federation of India (GFI) on Wednesday promised strict action against a coach and a player if they are found guilty of charges of ‘harassing’ a woman player, who lodged a complaint to De...
Financial Times  Sep 15  Comment 
Interdealer broker says proposal could ‘reasonably be expected’ to lead to a superior proposal, which could break up the deal with the CME
SeekingAlpha  Sep 12  Comment 
By The Investment Doctor: Hummingbird Resources (OTCPK:HUMRF) has released some drill results from its newly-acquired Yanfolila gold project in Mali which was purchased from Gold Fields (NYSE:GFI) for a total consideration of $20M, fully payable...
SeekingAlpha  Sep 4  Comment 
By Ben Kramer-Miller: An Overview of Gold Fields Gold Fields (NYSE:GFI) is a major gold producer with assets located throughout the world. Given its past focus on Africa, and in particular, South Africa, the company has a reputation...
Benzinga  Sep 3  Comment 
Analysts at UBS upgraded Gold Fields (NYSE: GFI) from Neutral to Buy. Gold Fields shares have dropped 8.16% over the past 52 weeks, while the S&P 500 index has surged 22.11% in the same period. Gold Fields' shares gained 0.42% to $4.75 at...
SeekingAlpha  Sep 3  Comment 
By Charles Sherwood: With many gold producers struggling to generate cash and deliver positive earnings, Gold Fields (NYSE: GFI) bucked the trend with good results in both areas during their second quarter. Gold Fields reported net income of $19.0...
SeekingAlpha  Sep 2  Comment 
By Hebba Investments: Introduction In our previous complete Q3FY13 cost analysis, we went over a number of the industry's all-in costs to mine an ounce of gold in 2013 and discussed one of the most important metrics to analyze the gold...
SeekingAlpha  Aug 26  Comment 
By The Investment Doctor: Introduction In this article I'll revisit Hummingbird Resources (OTCPK:HUMRF) which I discussed before. Since the first article, the company has changed a lot, as it acquired an advanced-stage construction ready gold...




 

Gold Fields NYSE:GFI is a gold producing company based in South Africa. It ranks second among South Africa's gold mining companies in terms of production (3.49 million ounces in the 12 months leading up to August 2011;[1] 3.5-3.6 million ounces in production forecast for the following year). Production comes from eight operating mines in Australia, Ghana, Peru and South Africa. It also oversees four other major resource development projects. 2P reserves (as of May 2011) total about 77 million ounces of gold equivalent out of a total resource base of 225.4 million ounces.

April 18, 2011 paid US$379 million to increase its share in Gold Fields La Cima S.A.A. (La Cima) to 98.5% from 80.7%. The 17.8% increase came from 8% more common shares and 95.1% of the company's total investment shares. Annual production by La Cima is 400,000 gold equivalent ounces mostly at its Cerro Corona gold and copper mine in Peru which has 5.3 million ounces of gold reserves.[2]

References

  1. Gold Fields 2010 Fiscal (August 5, 2011).
  2. Gold Fields Stake in Gold Fields La Cima Increases to 98.5% (April 18, 2011).
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