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.
Goldfields Mining News
"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.