Gold Fields threatens to walk from Aussie tilt
GOLD Fields was prepared to walk away from a bid for Northern Star Resources, saying on Monday its $27bn offer did not “define” the company. “We really don’t feel we need to do…
Gold Fields goes hostile in $27bn Northern Star takeover
GOLD Fields confirmed today that Northern Star Resources had rejected its A$38.7bn ($27bn) cash-and-share takeover proposal, but said it intended to press on with its efforts to…
Why Gold Fields is keen on Australia’s Northern Star
WHY would Gold Fields want to buy Northern Star Resources, Australia’s 1.5 million ounce-a-year gold miner, as reported by Bloomberg News on Saturday? Neither company had…
Gold Fields eyes Northern Star takeover – report
GOLD Fields has approached Northern Star Resources about a potential takeover, said Bloomberg News citing people with knowledge of the matter. A deal with Northern Star would…
Recovery at Gold Fields masked by permitting woes
IS Gold Fields being unfairly penalised for its struggles with regulators? Yes, in the view of analysts who say the firm’s lagging share price performance is at odds with its…
What resource nationalism means for Africa’s miners
Governments across Africa are seeking to assert greater control over their mineral wealth by rewriting mining codes, demanding larger equity stakes or greater local…
Gold Fields sticks to 2029 Windfall target despite permit delay
GOLD Fields still expects first gold from its Windfall project in Canada in 2029 despite delays in getting environmental approval that have eaten into the summer construction…
Gold Fields flags Ghana risk as profits surge
Gold Fields has warned that uncertainty over the renewal of mining leases at its Tarkwa mine in Ghana could have a “material and adverse” impact on the company. This caution…
Gold Fields: Salares Norte shines but Windfall capex at risk
SALARES Norte, a mine high up in Chile’s Atacama desert, was the bane of Mike Fraser in his first year as CEO of Gold Fields. This year, however, it is promising to be his…
War inflation spells trouble for SA gold miners like Gold Fields
MARKET volatility caused by the US-Iran war hindered Gold Fields from buying back shares in terms of a $100m capital return programme unveiled in February, the company said on…
Africa has turned the screw on its gold miners. Just ask Gold Fields
RESOURCE nationalism is back in a big way in Africa’s gold sector. The latest company to come under its eye is Gold Fields, where there are concerns about the cost of renewing…
AngloGold, Gold Fields make ground on North American rivals
OUTPUT declines at North America’s three largest gold producers are allowing mining companies in other regions to close the gap in global production rankings, said Bloomberg News…
Gold Fields ‘guinea pig’ in Ghana royalty talks
GOLD Fields has dramatically increased its mineral reserves and resources estimates at its flagship Tarkwa mine in Ghana as part of talks with the West African nation’s…
Gold Fields delivers on new power dividend
GOLD Fields has delivered on its updated dividend policy announced last year declaring a final dividend of R18.5 a share – 164% higher than the previous year’s final – while the…
Riskier but gold’s mid-tier and junior miners offer value
PAN African Resources broke into the JSE’s top 40 index last month with a market capitalisation of R65bn. Once a gold mining minnow, the share has tripled in value in the past 12…
Gold Fields CEO says market is too short term
GOLD Fields CEO Mike Fraser admits to some frustration in the wake of his company’s capital markets day last year when it outlined production growth plans for the next five years…
Gold Fields’s spending plans leave much to ponder
WHAT grade might one give a CEO whose company has gained nearly 200% so far this year? An A, surely? In the rarefied world of gold shares, however, you might opt for a B or even…
Gold Fields unsurprised by doubling in Windfall capex
GOLD Fields CEO Mike Fraser said on Thursday his company had not been surprised by a doubling in the capital cost of its Windfall project in Quebec. “We went into this investment…
Gold Fields to extend Tarkwa after lifting gold reserve price
GOLD Fields said on Wednesday it hoped to renew the mining lease of Tarkwa after the group increased the Ghana mine’s gold reserves by 70%. CEO Mike Fraser described the…
Gold Fields sells Northern Star stake for A$1.1bn
GOLD Fields said on Friday it had raised about A$1.1bn ($725m) through the sale of its 3.4% stake in Sydney-listed Northern Star Resources. This takes cash realised by the…