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…
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…
Former Gold Fields boss to join hunt for critical minerals
FORMER Gold Fields CEO Chris Griffith, who exited the miner four years ago after a failed mega-merger bid for Canada’s Yamana Gold, has joined a private equity venture aiming to…
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 promises $500m in shareholder returns over two years
GOLD Fields said today it planned to return $500m to shareholders over the next two years either in special dividends or by buying back its shares. Commenting ahead of a closed…
Griffith the latest talent to swim free of Vedanta’s grasp
THE departure of Chris Griffith, former CEO of Anglo American Platinum (Amplats), from Vedanta this month is the latest in a series of setbacks for the Indian miner. It has a…
Clearly, Mike Fraser didn’t join Gold Fields to play safe
SO much for Africa’s largest gold mine, the sobriquet given to a joint venture (JV) in Ghana between Gold Fields and AngloGold Ashanti. Unveiled in March 2023, the aim was for…
Allied Gold says Ambrosia deal a vote of confidence in Mali
ALLIED Gold, a Toronto-lister miner, has sold a 50% stake in its Mali mines to Emirati investor, Ambrosia Investments Holdings. Ambrosia Investments will pay $375m for the stake…
Silver has outshone gold and may do so again in 2025
DESPITE the euphoria surrounding gold this year, it’s not the best-performing precious metal. That distinction belongs to the Cinderella of the shiny metals, silver, up 35%.…
Gold Fields says financial position secure as seals Osisko deal
GOLD Fields said on Monday it remained “in a strong financial position” following the completion of the $1.39bn acquisition of Osisko Mining. The Johannesburg-headquartered miner…
Gold Fields paid premium for Osisko to avoid ‘another Yamana’
GOLD Fields is one of the companies criticised for overpaying for assets following its C$2.16bn Osisko Mining takeover last month. Concluded at a 55% premium, the transaction…
Why some gold companies don’t believe in M&A
A asked at the recent London Indaba conference to explain why he opted to become a non-executive after 12 years at Barrick Gold, chairman John Thornton replied: “What does…
Gold Fields’ failure to buy Yamana was a major mistake
JUST over two years ago Gold Fields CEO Chris Griffith launched an audacious $6.7bn all-share takeover of Yamana Gold, a Canadian company. Less than six months later, the deal…
Gold Fields to post flat earnings for 2023 despite project delay
GOLD Fields is expected to report largely flat basic earnings year-on-year as lower write-downs in the year to December 2023 offset a one-off break-fee payment in 2022.…
Allied’s Marrone targets consolidation of African gold
THERE’S a new kid on the block in African gold mining – Allied Gold – and the company is looking to fundamentally change the sector, according to CEO Peter Marrone who was…
Into the deep end for Gold Fields CEO Mike Fraser
IN-trays don’t get much fuller than those of the new Gold Fields CEO Mike Fraser. A delayed gold project in Chile, an incomplete joint venture in Ghana, a brand new executive…
Ghana tensions complicate Gold Fields/AngloGold JV
ON paper concluding a proposed joint venture in Ghana with AngloGold Ashanti looks like an early ‘easy win’ for Mike Fraser in his first few months as CEO of Gold Fields. He…
Former Gold Fields CEO says firm enjoying benefits of his work
IT’S been a year since Chris Griffith blazed out of Gold Fields, the 2.5-million ounce a year miner he led for two years prior to its failed takeover attempt of Yamana Gold. Now…
What does Mike Fraser as CEO mean for Gold Fields?
GOLD Fields has a new leader. But much to the market’s relief, strategy is not expected to change. Mike Fraser, a former BHP and South32 executive who will take the helm in…
Gold Fields CEO-designate keen to bring junior mining opportunities
GOLD Fields CEO designate Mike Fraser said he hoped to bring his recent experience as CEO of a junior gold mining firm to the Johannesburg-headquatered group because that was…