Gold Fields to close Damang mine in Ghana after lease renewal rejection [Yahoo! Finance]
Gold Fields Limited American Depositary Shares (GFI)
US:NYSE Investor Relations:
goldfields.com/investors.php
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Source: Yahoo! Finance
The mining company had sought a 30-year extension to the lease through its subsidiary Abosso Goldfields but was notified of the rejection by the Minerals Commission of Ghana. Abosso Goldfields, the Ghanaian registered company that operates the Damang mine, is 71.1% owned by Gold Fields Ghana, with IAMGold holding 18.9% and the Ghanaian Government owning the remaining 10%. The Damang site includes five prospecting licences and two mining leases, covering a total area of 8,111ha. Gold Fields, which also owns the Tarkwa mine in Ghana, has been in discussions with authorities, asserting that its lease extension application met all statutory requirements. Despite these efforts, the lease, set to expire on 18 April 2025, was not extended. In a press statement, Gold Fields said: “The Government has instructed Gold Fields to cease operations and vacate the lease area by the 18th April on expiry of the lease. Gold Fields is therefore preparing to safely and responsibly cease operati
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News
- Bull of the Day: Gold Fields Limited (GFI) [Yahoo! Finance]Yahoo! Finance
- Gold Fields (NYSE:GFI) had its price target raised by analysts at JPMorgan Chase & Co. from $62.00 to $64.00. They now have an "overweight" rating on the stock.MarketBeat
- Gold Fields (NYSE:GFI) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=GFI&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> MarketBeat
- Gold Fields (NYSE:GFI) had its "buy" rating reaffirmed by analysts at Citigroup Inc..MarketBeat
- Gold Fields (NYSE:GFI) had its "outperform" rating reaffirmed by analysts at Royal Bank Of Canada.MarketBeat
GFI
Sec Filings
- 12/19/25 - Form 6-K
- 12/19/25 - Form 6-K
- 11/28/25 - Form 6-K
- GFI's page on the SEC website