Gold Fields Limited

Finnish precious metal projects lure explorers

Given the interest in exploration for platinum group metals (PGMs) in northern Ontario and its long history of gold production, it is surprising that more explorers are not targeting projects in Finla…


Gold reverses recent gains

Denver — The Dow Jones industrial average weakened slightly to 10,591.22, to finish the Feb. 28-March 6 report period down 45.66 points, or 0.4%, while gold gave up most of the previous week’s gains….


Gold’s rise jolts miners to life

Denver — The Dow Jones industrial average fell 94 points, or 0.9%, for the report period ended Feb. 27 to close at 10,636.88, while the Nasdaq plunged 4.8% to 2,207.82, its lowest point in two years….


Gold Fields closes hedges

Denver — In accordance with its belief that hedging gold at low prices is counterproductive, South Africa’s Gold Fields (GOLD-Q) has closed out its remaining gold hedge positions.The company bought b…


Gold Fields posts strong quarter

Denver — Cost-cutting measures and the weakening of the South African rand helped Gold Fields (GOLD-Q) post a profit in the fourth quarter of 2000.The company earned US$36 million (or 8 per share) d…


Market eyes rate cut

Denver — The Dow Jones industrial average climbed 231.39 points, or 2.2%, to 10,881.20 during the report period ended Jan. 30, in anticipation of the 0.5% interest rate cut by the U.S. Federal Reserv…


SouthernEra beefs up management, reduces debt

In a move aimed at strengthen- ing its operations, SouthernEra Resources (SUF-T) has appointed two South African miners to run the company.SouthernEra has been searching for new chief executive and op…


Gold shines through auction

Denver — The Dow Jones industrial average was quiet during the report period ended Jan. 23, moving down 9.85 points, or 0.1%, to 10,649.81, while spot gold perked up to US$266.10 on the Comex divisio…


Global giants get boost from platinum, diamonds

Until about five years ago, London’s mining giants could only watch in envy as investors paid hefty premiums for shares of much smaller companies listed on North American exchanges. London’s mining se…


Placer sinks as gold sags

Gold saw a little price action during the Jan. 17-23 report period as the Bank of England completed another gold auction, selling 803,600 oz. at US$268 per oz., with an over-allotment of 4.8 times.Ove…


Copper, nickel end year with a whimper

Metals markets suffered a difficult start to 2001. Copper prices shed US$80 per tonne on their first trading day (Jan. 2), eventually bottoming out at a 6-month low, and nickel suffered its largest 1-…


Metal markets anything but shiny in 2000

While it didn’t provide the unremitting gloom of the years immediately following the Asian economic crisis, 2000 might be remembered by many metal producers as the year of the recovery that never was….


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