Gold Fields Limited ADR GFI
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South Africa's rand falls to its lowest level in four years as clashes between mine owners and workers erupt again today. Government "heavy-handedness" with mining companies has created a "major ...
… major negative " for investors both inside and outside mining, as it reduces companies’ abilities to set their balance sheets and control their own destinies, Greenbriar Partners says. AU -3.3% , GFI -3% , HMY -2.6% . 1 comment!
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As precious metals prices turn around, share prices of gold ([[GDX]] +4.7%) and silver miners ([[SIL]] +3.1%) surge: [[ABX]] +5.9%, [[GG]] +4.5%, [[KGC]] +6.4%, [[NEM]] +4.7%, [[SLW]] +4%. Even South ...
… 4.5% , KGC +6.4% , NEM +4.7% , SLW +4% . Even South African producers turn mixed, despite the call from the country's mine workers union for big pay increases : AU -0.8% , GFI +1.5% , HMY -0.5% . Post your comment!
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Shares of South African miners sink as the country's mine workers union calls for a 60% pay increase on gold and coal producers. The union says it is seeking an entry-level minimum monthly wage of 7K ...
… level minimum monthly wage of 7K rand ($750) for surface workers and 8K rand for underground workers vs. respective current minimum wages of 4.7K and 5K rand. AU -3.7% , GFI -3.4% , HMY -1.9% premarket. Post your comment!
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GFI Group's Management Hosts Investor Day - Transcript
GFI Group, Inc. ( GFIG ) 2013 New York Investor ..... today. I'm Mickey Gooch, the Chairman of GFI Group. And if you just like to take the time ..... with the presentation. So, welcome to the GFI London Investor Day. See some people are laughing …
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Gold Fields Seeks Aggressive Cost Cutting After Disappointing First Quarter
Gold Fields GFI reported disappointing first-quarter results on Friday as the firm realized significant cost inflation coupled with a substantial …
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Gold Fields GFI Q1 2013 Earnings Call Transcript
Good day, ladies and gentlemen, and welcome to the Gold Fields First Quarter Results. All participants are now in listen-only mode. There will be an opportunity for you to ask questions after today's presentation. Please also note that this conference is being recorded. I would now like to hand the
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The plunge in gold prices significantly raises the stakes in talks between South Africa's gold mine operators and mine workers, set to kick off Friday when the country's mineworkers union will ...
… when the country's mineworkers union will propose a double-digit pay raise. South African producers including Gold Fields ( GFI ), Harmony Gold ( HMY ) and AngloGold ( AU ) have already warned that cuts and a slowdown in exploration are on the way. Post …
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With gold bears running rampant, J.P. Morgan’s new forecast for gold (GLD) to finish strong and trade near $1,700 by year-end is noteworthy. Among miners likely to benefit, the firm's favorites ...
… trade near $1,700 by year-end is noteworthy. Among miners likely to benefit, the firm's favorites include Gold Fields ( GFI +1.6% ), which is least exposed to South Africa, and Sibanye Gold ( SBGL +9.8% ), which has lots of South Africa exposure …
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Gold is up today but miners are mixed, as Goldcorp ([[GG]] -0.6%) and Randgold ([[GOLD]] +0.4%) miss estimates (I, II), and UBS downgrades Gold Fields ([[ GFI ]] -2.5%) to Neutral from Buy because it ...
… miss estimates ( I , II ), and UBS downgrades Gold Fields ( GFI -2.5% ) to Neutral from Buy because it failed to identity ..... specific catalysts. UBS also worries about the stability of GFI 's dividend at current gold prices; if prices hold, the firm …
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Gold miners (GDX) have been smacked by plunging gold prices, but Citigroup and HSBC think they have further to fall. Citi worries about AngloGold (AU) because negative free cash flow would hit its ...
… sheet," but Harmony Gold ( HMY ) has the balance sheet to weather similar problems; Gold Fields ( GFI ) is its sector favorite. HSBC cuts GFI , Agnico Eagle ( AEM ) and many others. Post your comment!