After a strong third quarter, gold mining stocks have struggled of late. The Market Vectors Gold Miners ETF (GDX) is down more than 4 percent over the last month, while the Market Vectors Junior Gold Miners ETF (GDXJ) has crumbled more than 5 percent over the that period. Five Star Equities examines the outlook for companies in the Gold Industry and provides equity research on Goldcorp and Gold Fields
JOHANNESBURG, Oct. 24, 2012 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) reports that more than 7,000 of the 8,100 employees that were dismissed at KDC East (formerly Kloof Gold Mine) yesterday, have today lodged appeals against their dismissal.The appeal hearings start tomorrow and will be conducted over the next few days. The appeals will be chaired by independent chairpersons and those [...]
JOHANNESBURG, South Africa, Oct. 19, 2012 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) regrets to advise that approximately 8,500 of the 12,500 employees at KDC East (formerly Kloof Gold Mine), on an unlawful strike since 14 October, 2012, have not yet returned to work.Gold Fields, with the support of the Board of Directors, this afternoon issued a final ultimatum to the employees still on [...]
JOHANNESBURG, Oct. 18, 2012 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) confirms that approximately 11,000 striking employees at KDC West today reported for work before the deadline of 14h00.Approximately 1,500 employees who did not report for work before the deadline are deemed dismissed. The dismissed workers have 24 hours within which to lodge appeals against their dismissals.KDC West has a [...]
JOHANNESBURG, October 18, 2012 /PRNewswire/ --Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) confirms that approximately 11,000 striking employees at KDC West today reported for work before the deadline of 14h00.Approximately 1,500 employees who did not report for work before the deadline are deemed dismissed. The dismissed workers have 24 hours within which to lodge appeals against their dismissals.KDC [...]
JOHANNESBURG, Oct. 18, 2012 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) is pleased to report a full turnout at Beatrix 4 Shaft where the 2,800 striking workers this morning reported for work. This follows the return to work yesterday morning of all 6,200 employees at the 1, 2, 3 Shafts.Gold Fields on Monday, 15 October, 2012, issued a final ultimatum to striking employees at KDC West and [...]
JOHANNESBURG, Oct. 17, 2012 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) is pleased to report that there has been a full turn-out of the 6,200 employees at the number 1, 2, and 3 shafts at the Beatrix Gold Mine in the Free State today.This follows after striking workers, who have been on an unprotected strike since 24 September 2012, started returning to work yesterday.Approximately 2,800 [...]
Beatrix 1, 2 and 3 Shafts Return to WorkJOHANNESBURG, Oct. 16, 2012 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) regret to advise that approximately 11,000 of the 14,300 employees at KDC West (formerly Driefontein Gold Mine) on strike since 9 September; the full employee body of approximately 2,800 employees at the number 4 Shaft of the Beatrix Gold Mine (formerly Oryx Gold Mine) on strike [...]
JOHANNESBURG, Oct. 15, 2012 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) regrets to announce that approximately 8,500 of the 12,400 employees at its KDC East operation (formerly Kloof Gold Mine) have started an unlawful strike, commencing with the night shift last night, 14 October, 2012.The total number of employees now engaged in the unlawful strike at KDC East and KDC West is approximately [...]
JOHANNESBURG, Oct. 12, 2012 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced that attributable Group production for the September 2012 quarter (Q3 2012) is expected to be 810,000 gold equivalent ounces compared to 862,000 ounces in the June quarter (Q2 2012) and 900,000 ounces in the corresponding quarter one year ago (Q3 2011).The international regions had a solid quarter [...]
JOHANNESBURG, Oct. 10, 2012 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) announces that its Q3 2012 results will be released on Monday, 26 November 2012, instead of Thursday, 22 November 2012, as originally scheduled. The change of date became necessary as 22 November 2012 is Thanksgiving in the USA.Notes to editorsAbout Gold FieldsGold Fields is one of the world's largest unhedged producers of [...]
Gold Prices last week reached a 11-month high of $1,796.50 an ounce after comments by European Central Bank President Mario Draghi suggested that more bailouts may be forthcoming. Draghi had stated that euro is "irreversible," and that the central bank stood prepared to purchase the bonds of indebted countries. The Paragon Report examines investing opportunities in the Gold Industry and provides equity research on Gold [...]
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