Cost inflation, combined with a lower gold price, is forcing major producers to make some hard decisions.
Articles Tagged "nyse:gfi"
Gold Fields Limited (NYSE:GFI) announced that their gold production for Q1 is in line with guidance.
Gold Fields Limited (NYSE:GFI) has announced the appointment of three new senior executives to the company's Executive Committee.
Mining Weekly reported that Gold Fields Ltd. (NYSE:GFI) and Santa Fe Gold Corp. (OTCQB:SFEG) have signed a definitive merger agreement. The move is a follow up on an October agreement under which the companies decided to form a "significant" gold and silver company.
Gold Fields Limited (NYSE:GFI) announced that production in the December 2012 quarter (Q4 2012) is expected to be 753,000 gold equivalent ounces, down slightly from Q3. As quoted in the press release:
Gold Fields Limited (JSE:GFI,NYSE:GFI ) announced the creation of a new South African gold mining company by the unbundling of its 100% owned subsidiary, Sibanye Gold Limited.
Mining Weekly reported that Gold Fields (NYSE:GFI) has told 15,000 illegally striking workers to return to work on Tuesday, or face termination.
Gold Fields Limited (NYSE:GFI) announced its expectations for September 2012 production is 810,000 gold equivalent ounces, less than the 862,000 ounces in second quarter and 900,000 ounces for the same period in 2011.
Gold Fields Limited (NYSE:GFI) announced a formal agreement with the National Union of Mineworkers ("NUM") to implement a new operating model at its developing South Deep Gold Mine near Johannesburg in South Africa.
Platinum miners have been most affected by disgruntled laborers, but the turmoil is spreading into the gold space.