Gold Fields Limited TICKER: NYSE:GFI DESCRIPTION: Gold Fields Limited is one of the world's largest gold mining companies with operations in South Africa, Australia, and Ghana. The company's unhedged position makes it a leading play for the gold and precious metals investor.
"Shares of Gold Fields traded 2.1% lower today, recently trading at $12.71. The stock has been drifting sideways over the past 10 trading days and is currently trading in a technical uptrend. The call volume today was 13,334 contracts, which is 10x the average daily volume of 1,387. Usually high call volume is an indicator that many investors are looking for higher prices in the near future. SmarTrend's analytics is currently bullish and has Gold Fields in a technical uptrend. We are now watching for any positive developments that could result in a new uptrend signal."
Tanya Jakusconek, National Bank Financial
(07/15/10)
"It has already pre-released Q410 production guidance of 895 Moz. and stated that its costs are within guidance range. We are modeling total cash costs of $690/oz. We are expecting an update on Driefontein and Kloof (potential to go to six-day workweek) and also development progress at South Deep. Internationally, in Australia at St. Ives, we are expecting an update on the Athena (underground development) and also the progress at Hamlet. In South America, we are expecting an update on the oxide (7 Mt.) project at Cerro Corona. We anticipate an update at Chucapaca. . .which is currently in the prefeasibility stage and an update on their Yanfolila project in Mali where a scoping study is expected by year-end. We are expecting the company to provide production, cost and capital guidance for f2011. We are modeling equity production of 3.8 Moz. at $625/oz. cash costs with capital cost of $840M."
The Gold Report Interview with John Embry (08/16/10)
"The big cap stock I like the best, and one that controls a massive number of ounces, is Gold Fields Limited. That carries a fairly significant discount because it's in South Africa. But given the number of ounces it has, I continue to like Gold Fields as the best of the big caps."
View Entire Article: Embry Still Burns Bright
The Gold Report Interview with Charles Oliver (06/04/10)
"If you go back to 2000 to 2002, we were actually buying a significant amount of Gold Fields at my previous company, and we made quite a bit of money. Then the black empowerment rules came in and, to a large extent, I exited South Africa. It was only last year that I added some Gold Fields back to the Sprott Gold and Precious Metals Fund. It was the valuation of Gold Fields on most metrics that makes it one of the cheapest majors out there. I think it is being unfairly punished for some of the issues that have existed in South Africa; we have taken a big position in the last few months."
View Entire Article: Charles Oliver: Gold Headed to $2,000 in Two Years
The Gold Report Interview with John Embry (03/08/10)
TGR: Any individual stocks that you'd like to comment on?
JE: Gold Fields remains very cheap. It's been under a cloud, I think, because there's been a lot of conversation among some of the more radical factions in South Africa about nationalizing the gold mines. I don't believe it's going to come to that. I talked to a chap who knows South African President Jacob Zuma fairly well and Zuma is certainly not in favor of that. There's always going to be radical factions. If they want to destroy their gold industry, nationalize.
View Entire Article: John Embry: As Confidence Returns, Gold Will Rise
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