Explorer’s share price soars 43% as ‘impressive’ resource estimate is unveiled

On the back of an impressive maiden resource estimate at its Glenover rare earths joint venture (JV) project, in Limpopo, shares in the AIM-quoted emerging exploration company Galileo Resources are up 42.47% to 52p.

Gold Fields targets Canada JV opportunities

Gold major Gold Fields on Tuesday further displayed its strategic ambition to expand into Canada by entering into another option and joint venture (JV) agreement, this time with TSX-V-listed Bear Lake Gold. Spokesperson Sven Lunsche said Canada...

Excitement builds as indaba expected to bring long-term investments

The eighteenth annual Investing in African Mining Indaba is expected to continue to channel billions of dollars in foreign investment into African mining, while boosting the local Cape Town economy as a result of an influx of attendees.

Gold Fields spurns novel gold-linked dividend idea, rejects quarterly dividends

Gold major Gold Fields will not adopt the novel gold-price-linked dividend payment initiative that has been introduced in North America to reward shareholders optimally at a time when gold is on centre stage. The company is also against the...

Resources Watch

This week: AngloGold is using its multi-continent discovery strategy to hit its 5.5-million ounces a year target. Nationalisation could conribute to social transformation if managed well. And, Gold Fields spurns the novel gold-linked dividend idea...

Gold Fields spurns novel gold-linked dividend idea, rejects quarterly dividends

Gold major Gold Fields will not adopt the novel gold-price-linked dividend payment initiative that has been introduced in North America to reward shareholders optimally at a time when gold is on centre stage. The company is also against the...

Gold Fields makes $66m down payment on ‘promising’ Philippines project

South African gold major Gold Fields has made a $66-million down payment as part of an option agreement to acquire a 60% interest in an undeveloped gold/copper Far Southeast (FSE) deposit in the Philippines. Gold Fields spokesperson Sven Lunsche...

Gold Fields targets further diminution of SA production dependence

South African gold major Gold Fields has told an international audience that it is targeting a further diminution of South African production dependence. In a presentation to the Denver Gold Forum in the US, Gold Fields CEO Nick Holland displayed...

Containing costs key as double-dip worries rise

Gold-mining major Gold Fields reports that containing costs will be a major priority of the company moving forward as fears of a double-dip recession gain momentum.

Peru-exposed miners fall after presidential poll

Mining companies with operations and projects in Peru fell sharply on Monday, after left-leaning Ollanta Humala claimed victory in the country's presidential elections and rival Keiko Fujimori conceded defeat. Investors are concerned that Humala,...

Gold Fields appoints new nonexec director

Gold major Gold Fields has appointed Delfin Lazaro as an independent nonexecutive director from June 1, the JSE-listed miner said on Thursday. Lazaro currently serves on the board of Ayala Corporation, The Insular Life Assurance Company and Manila...

Gold Fields hits new high in commendable R560m housing rollout

The JSE- NYSE- NASDAQ- and Dubai-listed South African gold major Gold Fields has hit a new high in its impressive R560-million, five-year employee housing programme with the opening of yet another employee housing project. The new R25-million,...