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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.

View Gold Fields' Denver Gold Forum Presentation by CEO Nick Holland (9/18/09)

GFI Investor Day Presentations (11/3/09)

WEBSITE: http://www.goldfields.co.za
Ghana: Increase Funds to Mining Communities Q1 F2009 Report

TGR: In April, you described gold as one of the best asset plays in the world and your recommendation to investors was to focus initially on physical gold. Have you changed that viewpoint?

JL: No. I've been bullish on gold since it was below $400. But now I am starting to see some opportunities in the equity side of the gold market that are becoming very appealing and I didn't see that when we last spoke. For example, Gold Fields Limited (NYSE:GFI) is paying a dividend of 1.77%; that might start to draw some attention. Outside of the dividend plan, their costs have been improved relating to Eskom in South Africa. If they can keep those costs balanced, that's another reason investors should take a look at GFI.
- The Gold Report Interview with John Licata (09/01/09)

TGR: So would you put maybe 50% of your gold investment in those smaller producers?

JE: Yes, small producers and advanced exploration vehicles. I'd put another 25% for the sake of stock liquidity into some of the big ones. The best of the big ones is Gold Fields (NYSE, JSE: GFI); given their reserve base, their discount for having half their assets in South Africa, and the fact that it's relatively very cheap. View Entire Article
- The Gold Report Interview with John Embry (06/12/09)

"It was a busy day at South African-based Gold Fields. First off, Africa's second-largest miner agreed to sell its 19.9% stake in Sino Gold Mining to Eldorado Gold in an all-stock deal valued at $282 million.

Eldorado will exchange 48 of its shares for every 100 shares of Sino Gold. That will give Gold Fields 27.8 million shares or a 7% stake in Eldorado. Eldorado closed at C$10.41 for a C$0.57 loss.

Next up, Gold Fields inked a deal to earn up to 70% of the Woodjam North gold-copper property in British Columbia from Cariboo Rose Resources, which holds 40% and Fjordland Exploration, which holds 60%. Under the proposal, Gold Fields can take an initial 51% interest by spending C$7 million and making $350,000 in cash payments over a three-year period. Gold Fields can earn another 19% by spending an additional C$12 million over a four-year term."
- Casey's Daily Resource Plus (06/04/09)

Gold Fields has been upgraded from underperform to buy by Bank of America-Merrill Lynch, which cited a "positive outlook on the gold price."

The brokerage raised its price estimate for the stock by 36% to R125.

"Gold's allure as a safe haven will likely support investor demand going forward," the brokerage wrote in a report on Thursday.

Shares rose 0.1% to close at R103.70, while the gold mining sector fell 1.96%.
- Business Report (03/06/09)

At least six mining-related securities saw more than twice their average daily call volume yesterday. One stock stood out: Gold Fields Limited. Since October 2008, the shares of GFI have made an impressive rebound. While the broad market has had a rough few months, the stock has more than doubled from its 2008 lows, outshining the S&P 500 Index (SPX) by more than 100% during the past 60 trading sessions.

The shares of GFI are now hovering in the 11.35 neighborhood, poised to close the month atop resistance at their 10-month moving average for only the third time since June 2006.

Should gold futures retain their appeal as a safe-haven investment, continuing their quest for new highs, the shares of GFI could ride the yellow metal's coattails into the black.
- Schaeffers Research (02/12/09)

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