Gold Fields Mining News

South Africa's Gold Fields sells Darlot mine in Australia for $15 million

The buyer, Perth-based Red 5, is also acquiring Saracen Mineral Holdings' King of the Hills mine.

INTERACTIVE: Top 10 gold mining companies

The 10 largest gold mining companies produce 30% of the world's gold and enjoy some of the sector's fattest margins.

Gold price at 1-month low brings more pain for mining stocks

As 2017 gold price rally begins to look shaky, top listed gold producers are being punished disproportionately.

World's top 10 gold mining companies – 2016

Only three of the world's largest gold producers managed to lift output in 2016 – Barrick loses 600,000 ounces of annual production but slashes costs.

Gold price correction sinks mining stocks

Heavy losses across the board – Barrick down 4.6% in massive volumes and second tier Canadian miners hardest hit.

Gold Fields withdraws $1.4bn offer for Kirkland Lake

The Johannesburg-based company, however, said it remained interested in a negotiated transaction.

Canada’s Kirkland Lake soars after Gold Fields confirms $1.4bn rejected offer

Offer came on the heels of Kirkland Lake's move to buy fellow bullion miner Newmarket Gold (TSX:NMI) in an all-stock deal worth about Cdn$1 billion ($764 million).

Gold Fields to spend $1.4 billion prolonging Ghana mine life

The investment will extend the life of the mine by eight years to 2024, in which the firm expects to produce 1.56 million ounces of gold there.

South African gold miners can appeal silicosis ruling

They will appeal verdict that paved the way for about half a million current and former miners to proceed with a multi-million-dollar suit, which seeks compensation for those who contracted lung diseases.

South African gold firms file plea to appeal lung disease class action

The class action the firms want to appeal paves the way for thousands of current and former miners suffering from silicosis and tuberculosis to seek damage compensation from the companies.

South African gold miners to appeal ruling in silicosis case

If the class action goes ahead, it will affect almost every gold mine in South Africa, including their parent companies, covering their conduct over the last 50 years.

South African gold miners to appeal silicosis ruling

They will dispute the country's High Court decision last month to allow a class action suit seeking damages for up to half a million miners who contracted silicosis and tuberculosis.

South Africa allows biggest ever class action against gold giants to go ahead

High Court decision opens the way for up to 500,000 current and former miners to pursue a multi-million-dollar lawsuit against mining companies over respiratory diseases contracted at work.

Ghana grants Gold Fields tax rate cut as firm mulls Damang mine faith

The firm has not yet decided whether to inject more cash into Damang or suspend operations.

Moody's puts 175 energy and mining firms on review as low prices bite

Top miners BHP Billiton, Rio Tinto, Vale and Anglo American are among the firms at risk of rating downgrade.

Gold Fields deciding Ghana’s mine fate, as bullion prices dive

Its Damang mine in Ghana is struggling with current gold prices, the firm said.

Half of South Africa’s gold mines operating at loss — report

Experts believe the troubles affecting gold producers in South Africa go way deeper than a slump in prices for the metal or the usual cycles the mining industry experiences.

Gold Fields offers $10k for new algorithm to classify gold ore

The goal is to develop an image algorithm that can classify material in a gold mine as high, medium or low grade ore, or waste.

US regulator drops probe on Gold Fields’ South Deep BEE deal

The probe focused on a 2010 deal through which the company gave a 9% of its South Deep mine to a group of black investors in order to meet government’s regulations aimed to boost black ownership.

Gold Fields Q3 drops, CEO says most gold miners ‘under water’

The miner, structured to "break even" at $1,050 per ounce, warned it would have to re-think the business if bullion prices dip below $1,000 and stayed there for a while.

South African miners to tackle lung disease claims

They will look at compensation and medical care for workers with occupational lung disease or "silicosis."

South Africa’s gold miners look at mergers to stay afloat

Harmony Gold, Sibanye Gold Ltd., and AngloGold Ashanti named among the top candidates to consider deals.

Big show of support for Gold Fields

A large trade is betting that Gold Fields will hold firm for the next two months.

Gold Fields sells majority stake in Peruvian project to Buenaventura

The Peruvian firm will develop the deposit as an underground mine, instead of as an open-pit project.

Gold stocks slaughtered, Barrick drops 10%

The world's number one gold miner led a sell-off on Thursday after announcing a stock sale to pay down debt at a deep discount.