- In its operational update for the quarter ended September 30, 2022, the group, which operates gold mines across three continents, said yesterday that gold production recoiled by 1.5% year on year in the reported period and 3.9% quarter on quarter to 597 000 ounces.However, the South Deep mine, near Johannesburg, delivered a strong quarter, with gold production up 2.32% to 87 900 ounces.
- Some shareholders had expressed concern that Gold Fields’ proposed acquisition of Yamana was too expensive, too dilutive of Gold Fields shares and would negatively impact returns for existing shareholders. Under the deal, Gold Fields has offered 0.6 of one of its shares for each Yamana share. The group will know the outcomes as the voting on the deal will take place on November 22, during the firm’s annual general meeting. READ MORE
Similar Posts:
- Cash-rich AngloGold Ashanti Caught Up in JSE Rout Despite Stronger Quarter (IOL)
- South African Gold Mines “Would Not Weather Strike” (BusinessDay)
- Mining’s Iron Grip on the South African Economy (Reuters)
- PwC Predicts South Africa’s Economic Rebound Could More Than Double GDP (Business Report)
- The Time Has Come to Say Goodbye to the FTSE/JSE Gold Mining Index (Business Report)
- Iron Ore, Gold Rush Push South Africa’s Miners to 11-Year High (Bloomberg)
- South Africa’s Unemployment Figure Goes Past the 10 Million Mark (Business Report)
- South Africa’s GDP Returns to Pre-pandemic Levels, Increases 1.9% in First Quarter (IOL)
- Pick n Pay Plans to go Big in Africa (Business Report)
- Pick ‘n Pay (JSE: PIK / FRA: PIK): Value Stock Characteristics as South Africa Continues to Deteriorate
- Economy Falters But Surprises on the Upside in the 2020 Fourth Quarter (Business Report)
- MTN Shares Plunge 12% Despite Strong Annuals as Group Cuts SA Business Outlook Due to Power Crisis (IOL)
- Tsogo Sun Ltd (JSE: TSG / FRA: G5E): Africa’s Biggest Casino Operator is Getting Bigger
- Spur Corporation Ltd (JSE: SUR): Owns South Africa’s “Official Restaurant” and Has Produced Sizzling Results
- South Africa Mining Sector Faces Unrest and Other Woes (BusinessReport)