Core Points - Beauce Gold Fields is closing a non-brokered private placement of 7,200,000 units at a price of $0.04 per unit, resulting in gross proceeds of $288,000 [1] - Each unit consists of one common share and one common share purchase warrant, allowing the holder to purchase an additional common share at $0.08 for 24 months [1] - The proceeds will be allocated for exploration financing and general corporate purposes [1] Financial Details - The company will pay finder's fees totaling $16,600 to various financial institutions involved in the placement [2] - Additionally, the company will issue a total of 300,000 warrants to the agents, allowing them to purchase common shares at $0.08 for 24 months [2] Company Overview - Beauce Gold Fields focuses on exploring and developing the largest placer gold district in eastern North America, with its flagship property being the St-Simon-les-Mines Gold project [4] - The company aims to trace old placer gold workings back to their bedrock sources to uncover economic lode gold deposits [4] - The Beauce region has a historical significance in gold mining, having produced some of the largest gold nuggets in Canadian history [4]

Core Viewpoint - The merger discussions between Gold Fields Inc. (GFI.US) and AngloGold Ashanti (AU.US) regarding the integration of their gold mines in Ghana have been suspended, with both companies focusing on improving the operational efficiency of their respective mines [1] Group 1: Merger Status - Gold Fields and AngloGold Ashanti announced the suspension of negotiations to merge their Iduapriem and Tarkwa gold mines in Ghana [1] - The merger was initially proposed two years ago but has faced delays due to the lack of approval from the previous Ghanaian government [1] - The new government, led by President John Mahama, requires a restart of the negotiation process [1] Group 2: Production Data - Tarkwa mine, operated by Gold Fields, produced 537,000 ounces of gold last year [1] - Iduapriem mine, operated by AngloGold, produced 237,000 ounces of gold last year [1] Group 3: Government Policy and Industry Context - The Ghanaian government has recently adopted a tougher stance on mining policies, including the refusal to renew the lease for Gold Fields' smaller Damang mine [1] - Gold Fields secured a temporary 12-month extension for the Damang mine lease after negotiations [1] - The renewal application for Tarkwa mine's mining rights, which expires in 2027, is currently under consideration [1] - Analysts suggest that changes in the government's resource management strategy may impact the merger discussions [1] - In the context of increasing global gold price volatility, both companies have opted to pause large-scale integration and focus on optimizing existing asset operations [1]

黄金生产商金田(GFI.US)表示，在加纳政府最初拒绝其延长采矿权的申请后，该公司将获得12个月的租 约以继续运营Damang金矿。 与此同时，金价飙升促使一些大型生产商出售那些缺乏新投资、接近生命周期末期的小型矿山。中国紫 金矿业（601899）集团以10亿美元从纽蒙特收购了加纳的Akyem项目，而巴里克黄金正在为其科特迪瓦 的Tongon资产寻找买家。金田此前曾表示正在考虑剥离Damang矿。 Damang是成熟资产，去年约占金田总产量的6%。为期一年的延期需要获得加纳议会批准，议会将于下 个月复会。 该公司还运营规模更大的加纳Tarkwa矿，希望将其与AngloGold Ashanti Ltd.的Iduapriem资产合并。两家 公司未能在去年12月被投票罢免的前政府任期内获得合并授权。 根据总统府声明，金田和政府已同意就2027年到期的Tarkwa矿租约续签问题启动磋商。 加纳不是西非唯一对资源资产采取更强硬态度的黄金生产国。马里军政府一直在与投资者重新谈判采矿 协议，并威胁接管巴里克的巨型Loulo-Gounkoto矿区，该矿区因收入分成和所谓欠税争议已关闭三个 月。 布基纳法索去年将两个小型金矿业 ...

Group 1: Market Performance - Shares of gold mining stocks such as Barrick Gold, Newmont Mining, Gold Fields, and AngloGold Ashanti experienced declines of 4.6%, 2.6%, 6%, and 5.1% respectively, despite broader market indexes being up [1] - The price of gold fell by 3.4% on the same day, contributing to the decline in gold mining stocks [1] Group 2: Gold Price Trends - Gold has surged 42% over the past year, often seen as a "safe haven" asset amid geopolitical uncertainties and inflation concerns [3] - The price of gold typically rises when the value of the dollar declines, as it is priced in dollars [3] Group 3: Political Influence on Gold and Markets - The Trump administration's tariff policies have created instability, leading to increased global uncertainty and a decline in the dollar's value [2][4] - Recent comments from President Trump indicating a potential easing of tariffs have led to a market rally and a corresponding drop in gold prices [5][6] Group 4: Company Strategies - Barrick Gold is actively looking to divest from certain gold mining operations, including a recent sale of its stake in an Alaska project and potential sales of its Canadian and Ivory Coast operations [8] - The actions of Barrick Gold may suggest a belief that gold prices have peaked, although future market conditions remain uncertain [9] Group 5: Investment Insights - Gold and gold-oriented stocks can serve as a hedge against economically sensitive holdings, making them valuable in a diversified portfolio [10]

I work on the buy-side in Fixed Income. In my spare time, I'm out here seeking alpha. When it comes to my investment outlook...I'm here to remind you to "Always Protect Your Nuts!" I have a special interest in the Mining and Real Estate sectors. Gold Fields (NYSE: GFI ) ( OTCPK:GFIOF ) is a diversified gold producer. GFI was historically a South African mining giant, but nearly half of its production now comes from Australia. In 2013, Gold Fields spun off three of its older South Seeking Alpha's Disclosure: ...

Financial Performance - The company reported a significant increase in revenue, reaching $1.5 billion for the year ended December 31, 2024, representing a 15% growth compared to the previous year[10]. - The company reported a net profit margin of 18% for the year, reflecting improved operational efficiency[10]. - Adjusted free cash flow (FCF) generated was US$605 million, compared to US$367 million in 2023, marking a 64.8% increase[1]. - Total equity increased to US$5,367 million in 2024, up from US$4,620 million in 2023, representing a growth of 16.1%[1]. - Capital expenditure (capex) rose to US$1,183 million in 2024, up from US$1,055 million in 2023, reflecting a 12.1% increase[1]. - Net debt increased to US$2,086 million but remained below the company's target[2]. User and Market Growth - User data showed a 20% increase in active users, bringing the total to 5 million by the end of 2024[9]. - The company provided guidance for 2025, projecting revenue growth of 10-12% based on current market trends and expansion strategies[13]. - The company plans to expand its market presence in Asia, targeting a 25% increase in market share within the next two years[10]. - New product launches are expected to contribute an additional $200 million in revenue in 2025, with a focus on innovative technology solutions[12]. Operational Efficiency and Challenges - The company anticipates production guidance of Y ounces for 2025, indicating a focus on operational efficiency and growth opportunities[89]. - Gold Fields is facing challenges in replacing annual Mineral Reserve depletion, with a need to grow its Mineral Reserve base to extend the life of operations[92]. - The company is investing in new technologies and operational efficiencies to achieve anticipated cost savings and improve production capabilities[92]. - Gold Fields is actively managing supply chain issues and inflationary pressures that could impact production costs and operational performance[92]. - The company experienced operational challenges in the first half of 2024 due to severe weather events impacting mine performance[212]. Environmental and Social Responsibility - Environmental initiatives have been prioritized, with a commitment to reduce carbon emissions by 30% by 2026[11]. - The company is committed to maintaining compliance with extensive environmental, health, and safety regulations, which are critical for sustainable operations[92]. - Gold Fields is focused on addressing the impacts of climate change on its operations, including risks from extreme weather events[92]. - Gold Fields prioritizes 12 of the United Nations Sustainable Development Goals (SDGs) to create lasting socio-economic value[113]. - The company is committed to responsible mining, with ESG strategies embedded into the Group strategy for better stakeholder outcomes[204]. Governance and Leadership - The Board aims for 30% female representation in the workforce by 2030 and currently stands at 38% female representation at the Board level[190]. - The company appointed Alex Dall as CFO, strengthening executive leadership alongside new Executive Vice-Presidents in Sustainable Development and Strategy, Planning, and Corporate Development[204]. - The Board revised its committee structures to enhance governance effectiveness and ensure diversity of thought for long-term value creation[204]. - The Board received quarterly updates on progress against ESG targets, ensuring oversight of stakeholder engagement and relations[204]. Future Outlook and Strategic Initiatives - The company is exploring potential acquisitions to strengthen its portfolio, with a budget of $500 million allocated for this purpose[12]. - Future financial guidance will be based on these adjusted metrics to provide investors with a clearer outlook on performance and growth potential[37]. - The company aims to maintain a production profile of 2 million to 3 million ounces well into the next decade through exploration and mergers and acquisitions[2]. - A mid-term review of the company's 2030 ESG targets is underway, assessing progress and future business models, with completion expected in 2025[204].

Exhibit 4.13 U.S.$250,000,000 Multicurrency Parallel Bridge Facility Agreement Dated October 18, 2024 for GOLD FIELDS WINDFALL HOLDINGS INC. And" GOLD FIELDS OROGEN HOLDING (BVI) LIMITED arranged by THE BANK OF NOVA SCOTIA, CITIBANK, N.A., LONDON BRANCH AND ROYAL BANK OF CANADA with THE BANK OF NOVA SCOTIA acting as Agent Ref: L-352434 CLAUSE CONTENTS PAGE SECTION 1 | INTERPRETATION | | --- | | 1. | Definitions and Interpretation . | | --- | --- | | | SECTION 2 | | | THE FACILITY | | 2. | The Facility . | | ...

Core Viewpoint - Gold Fields Limited (GFI) has experienced a significant increase in stock price, reaching a 52-week high, driven by rising gold prices and strong financial performance in 2024 [1][2]. Financial Performance - In 2024, GFI's revenues rose by 16% year over year to $5.20 million, primarily due to a 25% increase in gold prices [2]. - The company's operational and financial performance showed marked improvement in the second half of 2024 [2]. Strategic Moves - GFI acquired Osisko Mining in 2024, aligning with its strategy to enhance its portfolio with high-quality, long-life assets and expand its presence in Québec, a Tier 1 mining jurisdiction [3]. - The acquisition is expected to leverage GFI's expertise in greenfields exploration, project development, and underground mining [3]. Future Outlook - For 2025, GFI anticipates gold equivalent production between 2.250 and 2.450 million ounces, indicating a year-over-year growth of 13% at the mid-point [4]. - The company plans to focus on reliable and cost-effective delivery while progressing its strategic priorities [4]. Market Conditions - Gold prices have been on an upward trend, influenced by geopolitical tensions, a depreciating U.S. dollar, potential monetary policy easing, and central bank purchases [5]. - As of February 10, gold prices surpassed $2,900 per ounce and are currently around $2,910, driven by safe-haven demand amid global trade tensions [5]. - Silver prices are approximately $32 per ounce, supported by steady demand in the electrification industry and manufacturing sector expansion [6]. Stock Performance - GFI's shares have increased by 30.6% over the past year, compared to the industry's growth of 38.8% [7].

Core Insights - The article compares Gold Fields (GFI) and Franco-Nevada (FNV) to determine which is the better undervalued stock option for investors in the mining sector [1] Valuation Metrics - GFI has a Zacks Rank of 1 (Strong Buy), indicating a stronger improvement in earnings outlook compared to FNV, which has a Zacks Rank of 3 (Hold) [3] - GFI's forward P/E ratio is 9.49, significantly lower than FNV's forward P/E of 34.54, suggesting GFI is more undervalued [5] - GFI's PEG ratio is 0.29, while FNV's PEG ratio is 9.57, further indicating GFI's better valuation in terms of expected earnings growth [5] - GFI has a P/B ratio of 3.48 compared to FNV's P/B of 4.46, reinforcing GFI's position as the more attractive investment based on market value versus book value [6] - GFI earns a Value grade of B, while FNV receives a Value grade of F, highlighting GFI's superior valuation metrics [6]

Company Performance - Gold Fields (GFI) closed at $19.20, reflecting a +1.86% change from the previous trading day's closing, outperforming the S&P 500's daily loss of 0.43% [1] - Over the past month, GFI shares have gained 16.79%, while the Basic Materials sector gained 3.69% and the S&P 500 gained 2.6% [1] Financial Estimates - The upcoming financial results for Gold Fields are projected to show earnings of $1.97 per share and revenue of $6.66 billion, representing year-over-year changes of +111.83% and +47.89%, respectively [2] - Recent analyst estimate revisions indicate a positive outlook for Gold Fields' business operations and profit generation [3] Analyst Ratings - Gold Fields currently holds a Zacks Rank of 1 (Strong Buy), with the Zacks Consensus EPS estimate increasing by 1.37% over the last 30 days [5] - The Zacks Rank system has a strong track record, with 1 rated stocks delivering an average annual return of +25% since 1988 [5] Valuation Metrics - Gold Fields has a Forward P/E ratio of 9.57, indicating a discount compared to its industry's Forward P/E of 11.41 [6] - The company holds a PEG ratio of 0.29, which is lower than the Mining - Gold industry's average PEG ratio of 0.6 [6] Industry Context - The Mining - Gold industry is part of the Basic Materials sector and holds a Zacks Industry Rank of 63, placing it in the top 26% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]