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Gold Fields has announced its acquisition of Yamana Gold, creating a top-four global gold major valued at US$6.7 billion. This all-share deal offers 0.6 Gold Fields shares for each Yamana share, enhancing financial and operational strength through complementary cash flows and growth profiles. The new entity will be headquartered in Johannesburg and will operate in South Africa, Ghana, Australia, Canada, and South America. This strategic move is aimed at long-term value creation and growth opportunities in the gold market.
Galiano Gold Inc. reported Q1 2022 results highlighting gold production of 42,343 ounces, aligning with their 2022 guidance of 100,000-120,000 ounces. Revenue decreased to $77.4 million from $110.8 million last year, attributed to a 33% drop in sales volumes. The company faced a $13.6 million net loss, largely from a $21 million severance liability. Despite this, cash flow from operations stood at $3.9 million, with a strong cash position of $50.4 million and no debt. Exploration efforts are ongoing at the Nkran deposit for future resource potential.
Gold Fields Limited (NYSE: GFI) announced an operational update for the quarter ended March 31, 2022, highlighting its diversified gold production across nine operating mines and one project located in Australia, Chile, Ghana, Peru, and South Africa. With a total attributable annual gold-equivalent production of 2.24Moz, the company boasts significant resources: 52.1Moz in Mineral Reserves and 116.0Moz in Mineral Resources. Full financial results will be reported biannually, with detailed updates available on their website.
Gold Fields Limited (GFI) has released its Integrated Annual Report 2021, including the Annual Financial Report, Governance Report, and Climate Change Report, all available on its website. The audited financial statements show no changes from previous results published on February 17, 2021. As of December 31, 2021, Gold Fields reported attributable gold-equivalent Mineral Reserves at 48.6Moz (down from 52.1Moz in 2020) and Mineral Resources at 111.8Moz (down from 116.0Moz). The AGM is scheduled for June 1, 2022, with a record date of May 27, 2022, for eligible shareholders.
Gold Fields Limited (GFI) reported a profit attributable to owners for the year ending December 31, 2021, of US$789 million (US$0.89 per share), a rise from US$723 million (US$0.82 per share) in 2020. The company declared a final dividend of 260 SA cents per share, leading to a total annual dividend of 470 SA cents. Gold Fields operates nine mines across multiple regions including Australia, Ghana, and South Africa, with total annual gold-equivalent production of 2.24Moz.
Gold Fields Limited (JSE: GFI, NYSE: GFI) announced expected FY 2021 headline earnings per share of US$0.88-0.94, marking a 6% to 13% increase from FY 2020. Basic earnings per share are projected at US$0.82-0.88, reflecting a 0% to 7% rise. Normalized earnings are anticipated between US$1.02-1.08, up 2% to 8% year-over-year. Q4 production is expected at 631koz, with All-in costs at US$1,369/oz. FY 2021 production is forecasted at 2,340koz, a 5% YoY increase. Financial results are set to be released on February 17, 2022.
Galiano Gold Inc. (GAU) reported preliminary Q4 2021 and full-year results from the Asanko Gold Mine, revealing $381.7 million in annual revenue from 216,076 ounces sold, averaging $1,767 per ounce. Q4 alone generated $91.0 million from 51,368 ounces at $1,771 per ounce. However, annual production fell short of guidance with 210,241 ounces produced. Notably, the company maintained a strong safety record, with only one reported injury. Cash reserves stood at $49.2 million, and the operation remains debt-free.
Gold Fields Limited (NYSE:GFI) announced its operational update for Q3 2021, which ended on September 30, 2021. The company has nine operating mines and one project, with total attributable annual gold-equivalent production of 2.24Moz. The gold-equivalent Mineral Reserves stand at 52.1Moz, and Mineral Resources at 116.0Moz. Comprehensive financial results will be reported biannually, at June and December ends. Investors can access detailed results on the company’s website.
Gold Fields Limited (NYSE: GFI) announced a strong financial performance for the six months ending June 30, 2021, reporting a profit of US$387 million (US$0.44 per share), a significant increase from US$156 million (US$0.18 per share) in the same period last year. The normalized profit also rose to US$431 million from US$323 million. Additionally, the company declared an interim dividend of 210 SA cents per share, payable on September 13, 2021.
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