South African miner Gold Fields Ltd aims to extend the life of its Cerro Corona gold mine in Peru through 2040 with an investment of at least $240 million.
Goldfields Mining News
KPMG cleared out its South African leadership last Friday after it found that work it did for firms owned by the Gupta family, businessmen friends of President Jacob Zuma, "fell considerably short" of its standards.
Moody's says AngloGold Ashanti, Gold Fields will start spewing cash as gold price rise and currency falls combine – for Anglogold it's an extra $20m a month.
"She’s the only woman I know who found the diamonds she wears."
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.
Whether there is more pain in store for the main gold players will be known next week, when third-quarter results start rolling out.
Gold Fields posted a 3% rise in third quarter gold production on Wednesday, as the world's fourth-largest gold miner overcame a strike that halted output for five days in July.
Gold Fields Ltd. (GFI), Africa’s second- biggest gold producer, said Peru’s decision to base a new mining windfall tax on operating profit rather than revenue meets companies’ expectations.