Gold Fields eyes rapid ramp-up at new Chile mine, lifts output forecast
South Africa’s Gold Fields on Thursday raised its 2024 gold output forecast to between 2.33 million and 2.4 million ounces, saying it expects a rapid production ramp-up at its new Salares Norte mine in Chile, which comes online in April.
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Gold Fields says new Chile mine on track as profit dips
Mining News Pro - Gold Fields said on Thursday it was on track to start producing gold at its Salares Norte project in Chile in the fourth quarter of this year, after reporting lower half-year profit on higher costs.
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Gold Fields won’t raise offer for Yamana Gold after rival bid
Mining News Pro - Yamana’s website still has a banner on the landing page announcing the Gold Fields’ deal. Should their agreement be terminated, the Toronto-based miner would have to pay a $300 million break fee to Gold Fields.
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Gold Fields bolsters Chile presence with investment in Torq Resources
Mining News Pro - Torq Resources has welcomed Gold Fields as its new strategic investor after announcing a C$15 million private placement with a wholly owned affiliate of the NYSE-listed miner. The companies have also entered into an investment agreement that entitles Gold Fields to a pre-emptive right to maintain its stake in Torq.
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Gold Fields sees progress in winning investors over to Yamana deal
Mining News Pro - Gold Fields is making “encouraging progress” in winning shareholders over to its $6.7 billion all-share purchase of Canada’s Yamana Gold, CEO Chris Griffith said on Thursday.
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Gold Fields slowly turning Yamana deal doubters into allies
Mining News Pro - Gold Field’s intended acquisition of Canada’s Yamana Gold remains in limbo, though the South African miner has gained backers and says its shareholders are starting to understand the strategy.
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Gold Fields unlikely to further sweeten Yamana deal
Mining News Pro -South African miner Gold Fields trusts that Yamana Gold’s shareholders will back its planned $6.7 billion takeover of the Canadian gold miner.
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Gold Fields hikes dividends to win Yamana deal backing
Mining News Pro - South African miner Gold Fields promised an improved dividend policy and a Toronto Stock Exchange listing in a bid to win shareholders who have expressed reservations about the planned $6.7 billion takeover of Canada’s Yamana Gold.
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Gold Fields investor tells miner to scrap Yamana deal
Mining News Pro - A top-10 investor in South Africa’s Gold Fields on Friday urged the miner to cancel its planned takeover of Canada-based Yamana Gold, saying the $6.7 billion transaction was expensive and did not guarantee growth and profitability.
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Foxes add to Gold Fields headaches in Chile
Mining News Pro - South African miner Gold Fields, already dealing with the effects of inflation and the relocation of endangered chinchillas at its Salares Norte gold project in Chile is now facing potential sanctions from the country’s environmental regulator due to the death of specimens of culpeo fox in the area.
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Chinchillas throw wrench in Gold Fields’ Chile mine expansion plan
Mining News Pro - Gold Fields Ltd.’s flagship $860 million expansion project in Chile has stumbled over a large rodent, whose prized fur saw it hunted to the brink of extinction.
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Gold Fields' half-year earnings up 33%, interim dividend lifted
Mining News Pro - Gold mining company Gold Fields on Thursday announced 33% higher normalised half-year earnings to $431-million, which has opened the way for the declaration of an increased interim dividend.
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Gold Fields eyes renewables at St Ives
Mining News Pro - Gold miner Gold Fields is looking at electrification options for its St Ives gold project, in Western Australia, to incorporate renewable energy.
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Wellbeing of 25 chinchillas weighs on Gold Fields access to 3.5m gold ounces
Mining News Pro - Chile’s environmental watchdog is “weeks away” of issuing a decision on whether Gold Fields (TSX, NYSE: GFI) harmed a group of 25 short-tailed chinchillas by attempting to move them so it can access 3.5 million ounces of extractable gold in the country’s north.
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Chinchilla challenge: findings on Gold Fields' relocation efforts due within months
Mining News Pro - A Chilean environmental regulator's probe into whether a group of endangered short-tailed chinchillas was harmed by attempts to move them so that a gold mine could be built will likely wrap up "in the coming months", the environmental regulator's head told Reuters.
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Gold Fields on track to deliver on guidance
Mining News Pro - Notwithstanding the impact of Covid-19, Gold mining company Gold Fields produced attributable equivalent gold production of 541 000oz, which was largely flat year-on-year and down 9% quarter-on-quarter.
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Gold Fields board approves R660m construction of 40 MW solar plant at South Deep
Mining News Pro - Gold Fields' board has approved the construction of a 40 MW solar plant at the South Deep mine at an estimated capital cost of R660-million.
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Energy Regulator approves 40 MW solar licence for Gold Fields` South Deep
Mining News Pro - The National Energy Regulator of South Africa (Nersa) announced on Thursday that the Energy Regulator, at its meeting held on February 25, approved the issuance of a generation licence for a 40 MW solar photovoltaic (PV) plant to be developed at the South Deep gold mine, in Gauteng.
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Gold Fields partners with Mobilaris at Granny Smith
Mining News Pro - Gold Fields is continuing to innovate at the Granny Smith gold mine in Western Australia, this time through the use of Mobilaris’ digital solutions.
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Gold Fields expects to repeat 2020’s strong performance this year
Mining News Pro - Gold Fields has reported a normalized profit of $878-million for the year ended December 31, 2020.
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Gold Fields ups stake in Peru explorer
Mining News Pro - Bullion major Gold Fields has invested another C$2.9-million in a Canadian company, which owns copper/gold/silver exploration assets in the Peruvian Andes.
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Gold Fields begins construction of Chile project
Mining News Pro - South African miner Gold Fields has formally begun construction of the mining infrastructure for its Salares Norte project, in northern Chile.
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Griffith appointed CEO designate of Gold Fields
Mining News Pro - Gold Fields has appointed Chris Griffith CEO designate.
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Hexagon Mining installs safety automation gear at Gold Fields’ Tarkwa mine
Mining News Pro - Hexagon Mining has completed a significant safety installation at Gold Fields Ghana`s Tarkwa mine, with more than 220 mine vehicles equipped with Hexagon’s MineProtect Collision Avoidance System (CAS).
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Nersa to host public hearing on Gold Fields` South Deep solar plant application
Mining News Pro - Gold Fields’ South Deep mining operation has lodged an application with the National Energy Regulator of South Africa (Nersa) for an electricity generation licence for a proposed 40 MW solar photovoltaic plant at the mine, in Westonaria.
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