Gold Fields Stock Price, News & Analysis

Founders Metals (TSXV: FDR; OTCQX: FDMIF) announced a $50,000,000 strategic investment by Gold Fields (GFI) via a non-brokered private placement of 12,048,193 common shares at $4.15 per share.

Proceeds will fund land consolidation, regional exploration, working capital, and general corporate purposes at the Antino Gold Project in southeastern Suriname. Closing is expected on or about November 10, 2025, subject to TSXV approval, and issued shares will have a four-month-and-one-day hold period.

Founders and Gold Fields will enter an Investor Rights Agreement giving Gold Fields top-up and financing participation rights, technical committee representation, and the right to appoint one board nominee if its ownership reaches or exceeds 12.5%. National Bank Capital Markets is acting as financial advisor.

Gold Fields Limited (NYSE:GFI) announced the publication of its annual reports for the financial year ended December 31, 2022. This suite includes the Integrated Annual Report 2022, the statutory Annual Financial Report 2022 featuring audited consolidated financial statements, a Notice to Shareholders for the upcoming Annual General Meeting, and climate change report. These documents will also be shared with shareholders on or around April 4, 2023. Additionally, Gold Fields filed its annual report on Form 20-F with the US Securities Exchange Commission. For more information, visit the company’s website.

Galiano Gold Inc. (GAU) reported its Q4 and full-year 2022 results, highlighting a strong safety performance and positive cash flows from the Asanko Gold Mine (AGM) joint venture with Gold Fields (GFI). The AGM achieved gold production of 34,090 ounces in Q4 2022, with annual production totaling 170,342 ounces, meeting revised guidance. Key financials include a net income of $103.2 million and an Adjusted EBITDA of $79.2 million for 2022. The AGM's life-of-mine plan has been revised with an expected annual production of 254,000 ounces from 2025 to 2030. 2023 guidance anticipates production between 100,000 and 120,000 ounces at elevated all-in sustaining costs of $1,900 to $1,975 per ounce.

Gold Fields and AngloGold Ashanti announced a proposed joint venture in Ghana to merge their Tarkwa and Iduapriem mines, aiming to create Africa's largest gold mine. This strategic collaboration is expected to enhance operational efficiencies and lower production costs. The agreement signifies a significant step in consolidating resources, with both companies looking to capitalize on Ghana's rich gold mining sector. The partnership is anticipated to boost overall gold production and improve competitive positioning in the market.

Gold Fields Limited (NYSE: GFI) reported a profit attributable to owners of $711 million ($0.80 per share) for the year ending December 31, 2022, down from $789 million ($0.89 per share) in 2021. The company declared a final dividend of 445 SA cents per share, resulting in a total annual dividend of 745 SA cents for 2022. Gold Fields operates nine mines across Australia, Peru, South Africa, and West Africa, with an annual gold-equivalent production of 2.34 million ounces, 48.6 million ounces in mineral reserves, and 111.8 million ounces in mineral resources.

Galiano Gold Inc. announced the results of an independent Feasibility Study for the Asanko Gold Mine, revealing reinstated Mineral Reserves and a robust operational outlook. The revised life-of-mine plan is expected to yield 1.85 million ounces of gold over an 8.5-year period at an all-in-sustaining cost of $1,143 per ounce. The after-tax net present value (NPV) is estimated at $343 million, based on a gold price of $1,700 per ounce. The company anticipates average annual production of 217,000 ounces, with peak production reaching 254,000 ounces from 2025 to 2030. Mining at the Abore site is set to resume in Q4 2023.