Gold Fields Limited Sponsored ADR Stock News

Gold Fields Limited reported disheartening first-half results on Friday, leading to a near 10% drop in stock price. Production decreased, costs increased, and guidance was downgraded for the full year. However, most of the company's production headwinds were non-core events, such as weather disruptions and fatalities. Despite its operational challenges, the normalization of operations, rising g...

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.

Gold Fields' production fell 20% in the first half of 2024, and earnings dropped 16%.

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 va...

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Gold Fields Limited (ADR) (NYSE:GFI) has announced its acquisition of Osisko Mining (TSX:OR.WT) in a substantial $2.16 billion (US$1.6 billion) deal, underscoring its strategy to expand amid surging gold prices. The South African mining giant will acquire Osisko's Windfall gold project, paying $4.90 per share—a 66.7% premium over Osisko's closing price last Friday, as reported by Bloomberg.

Consideration of C$4.90 in cash per Osisko share represents 55% premium to 20-day VWAP Board of Directors unanimously recommends  Osisko shareholders vote in FAVOUR of the Transaction TORONTO, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Osisko Mining Inc. ("Osisko") (TSX:OSK) is pleased to announce that it has entered into a definitive arrangement agreement dated August 12, 2024 (the "Arrangement Agreeme...

Gold Fields Ltd has agreed to acquire Osisko Mining for C$2.16 billion ($1.57 billion), it said on Monday, barely two years after an attempt to buy another Canadian miner was scuppered by a rival offer.