Gold Fields Limited (NYSE:GFI) Q2 2024 Earnings Call Transcript August 23, 2024 1:00 AM ET Company Participants Mike Fraser - CEO Alex Dall - Interim CFO Mike Fraser Good day all and thank you for joining us today for the presentation of our operational and financial results for the six months ending 30th of June 2024. With me today is our Interim CFO, Alex Dall. I ask that you note our forward-looking statements. As part of the presentation today, we will be sharing our safety, operational, financial and E ...

Today's sell-off may be giving gold investors a buying opportunity. Shares of South African gold mining stock Gold Fields (GFI -7.71%) slid 8% through 1:50 p.m. ET Friday after the company reported disappointing earnings results for the first half of 2024. That's not my word -- "disappointing." It's how CEO Mike Fraser himself described a first half in which gold production dropped 20%, leading to a 16% decline in net income to $0.43 per diluted share. Gold Fields' first-half earnings Gold retails for more ...

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GOLD FIELDS | --- | --- | |---------------------------------------------|---------------------------| | | | | | | | | | | Gold Fields H1 2024 Results Mike Fraser CEO | | | | Granny Smith, Wallaby pit | | | 1 | | | | Important information Forward Looking Statements This announcement contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this announcemen ...

Gold Fields Limited (GFI) announced that it signed a deal to acquire Osisko Mining. This move is in sync with GFI's goal to strengthen its portfolio through investments in high-quality and long-life assets. The transaction is expected to close in the fourth quarter of 2024, subject to approvals by Osisko shareholders and others. Once the shareholders of Osisko Mining approve the deal, Gold Fields will gain complete ownership of the Windfall Project in Québec, Canada. Gold Fields and Osisko Mining have owned ...

While the precious metals complex largely enjoyed a positive session on Monday thanks to gold's spot price rising, South African gold miner Gold Fields (NYSE:GFI) suffered the opposite trajectory: GFI stock stumbled and quite badly, losing roughly 5% of market value. Driving the sentiment downward was the company's announced acquisition of Canada's Osisko Mining (OTCMKTS:OBNNF) in a deal valued at $2.16 billion. Investors seem to believe that the deal is too rich for Gold Fields, which will use cash to acqu ...

Michael McCrae Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was cofounder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae. Share Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals I ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. S ...

Warren Buffet once said, "You pay a very high price in the stock market for a cheery consensus." Yet, the higher the price one pays for a stock, the lower the return one can expect. Successful investing is about buying stocks cheap and then have others agree with you. True to form, investors have always looked to buy shares at a low price and sell them high, which is the very definition of making money in the stock market. Over the past year and a half, the markets have been rebounding from the vagaries of ...

The precious metals ecosystem has been quietly rising to blistering highs. The push for investors to seek safe havens amid broader stability concerns has driven gold prices to record highs. For speculators, gold production specialist Gold Fields (NYSE:GFI) could offer a compelling trade. Even hedge funds are getting into the mix, making GFI stock enticing. According to a CNN report, gold reached an all-time high in early April. The price of the precious metal has corrected since then. However, sentiment is ...