Tuesday, June 29, 2010

Gold Fields 4Q gold production - 895,000 ounces

Gold Fields' fourth-quarter gold production should come in at the upper end of the previously forecast range, the South African miner said Tuesday.
The company expects to produce 895,000 ounces of gold and said production rose by 13 percent compared with the third quarter, with all regions performing well. Gold Fields has nine operating mines in South Africa, Ghana, Australia and Peru.
The company is scheduled to report fourth-quarter earnings on Aug. 5.
Shares of Gold Fields Ltd., based in Johannesburg, fell 12 cents to $13.66 with the broader market selling off more sharply.

Keep your eye on GFI, this particular stock presents potential swing trading opportunities. If you look at the history from March of this year, it has an upwards trend and a trading range around $1 from the lower and upper channels.

1 comment:

  1. With gold valuation and demand on the rise, there is no surprise to see that gold production is also on the rise. I just wonder how the miners are planning to increase the mine life as further gold exploration is made?