Gold Fields Limited
59
MENTIONS
23
EPISODES
13
PODCASTS
Search complete. 59 mentions across 23 episodes found for "Gold Fields Limited".
Sep 8, 2026
Meryl PickGUEST
And I actually attribute, well, maybe misattribute, but Nick Holland gave this speech back in 2013.
Meryl PickGUEST
He was the ex-CEO of Goldfields for a long time and before that the CFO of Goldfields.
Meryl PickGUEST
And he stood up at the Marble Mining Club and he told, I guess, gold mining executives that shareholders don't have to buy your shares.
Meryl PickGUEST
Now, can you please realize that five years ago, ETFs liberalized and made it so much easier for the average investor to own fractional gold, I guess.
Frank HollinHOST
Gold catching a bid today as Treasury yields pull back further, the precious metal up 10 and a half percent over the last month.
Frank HollinHOST
The gold miners ETF GDX also with some big gains led by Gold Fields, Harmony Gold, and Agnico Eagle.
Frank HollinHOST
Tim.
Tim SeymourPANELIST
I like gold, as most people who watch our show know.
Simon BrownHOST
And then commodities.
Simon BrownHOST
When those precious metals go higher and Kampala sells PGMs and Goldfields sells gold bars, they get dollars, they turn it into rands, that's the net effect from the currency and makes it stronger.
Simon BrownHOST
If you go back to 2021, we had PGMs over 2000, the rand was down, I can't remember now, cheap, cheap, 11 or 12.
Simon BrownHOST
Maybe 30, I forget.
Gary BoysonGUEST
And you've seen the pickup in the gold miners as well.
Gary BoysonGUEST
So Anglo Gold, Harmony, Goldfields, all, you know, Sabani Stillwater as well.
Gary BoysonGUEST
spectacular runs up over the last, say, two, three weeks.
Gary BoysonGUEST
But if you look at it, because of the stronger currency, so if we look at the move in the RAND gold price, it hasn't been as significant as the dollar gold price move.
Gary BoysonGUEST
And you've seen the pickup in the gold miners as well.
Gary BoysonGUEST
So Anglo Gold, Harmony, Goldfields, all, you know, Sabani Stillwater as well.
Gary BoysonGUEST
spectacular runs up over the last, say, two, three weeks.
Gary BoysonGUEST
But if you look at it, because of the stronger currency, so if we look at the move in the RAND gold price, it hasn't been as significant as the dollar gold price move.
Aubrey MasangoHOST
And the more I speak to them, the more I am made to understand that, you must understand that this is a particular political administration that is pushing a particular... for their own interests.
Aubrey MasangoHOST
And one of those interests is gold interests that are run at the moment by a company called Goldfields that is obviously South African.
Aubrey MasangoHOST
So it makes sense when you look at it through that lens that there will be exaggerations of certain things.
Aubrey MasangoHOST
Now, Salif Keita, Call
Gary BooysenGUEST
You can't go and y- you know, when, when a, a commodity cycle is up and, you know, the, the, the gold miners are producing enormous profits and paying it all out to shareholders, th- those would be the wrong kind of companies to put in your portfolio because you need that stability.
Gary BooysenGUEST
If you suddenly have the gold price collapsing, Anglo gold, Goldfields, uh, Harmony, they're not [chuckles] gonna be paying those dividends anymore.
Gary BooysenGUEST
And when, when you go into, let's say, a 2008 financial crisis, a lot of, a lot of stocks cancel their dividends.
Gary BooysenGUEST
They, they're nervous about paying out cash because they're uncertain of the future.
Tracey RyniecHOST
So Kinross Gold is on here, KGC is the ticker.
Tracey RyniecHOST
Gold Fields is on here, GFI is that ticker.
Tracey RyniecHOST
And then AngloGold Ashanti is on here, AU is that ticker, as comparisons.
Tracey RyniecHOST
And AngloGold Ashanti I own in my own personal portfolio and in the Zack's Value Investor.
Tracey RyniecHOST
And you can see the cash flow per share is, um, the best with, with, uh, Agnico, but AngloGold Ashanti at $9.48, so they're putting off the cash flow as well.
Tracey RyniecHOST
Gold Fields is $3.91 and, um, Kinross is $2.79. Now, it does depend on how many shares are out there for this metric, so that could be determining on these lower numbers with some of the others.
Tracey RyniecHOST
Um, but price to cash flow is at $12.71 for AngloGold, $12.12 for Gold Fields, and $11.82 for Kinross.
Tracey RyniecHOST
So Kinross is the cheapest on that metric.
Raleigh FinlaysonGUEST
I'll talk about M&A in a minute.
Raleigh FinlaysonGUEST
I think deals are becoming more competitive at the moment and even counter bids are appearing because there's a lack of quality assets or even assets around at the moment as these deposits get depleted so I think it's absolutely imperative that fund managers are putting money into early stage exploration all the way through the cycles and it's also encouraging explorers to explore and hopefully discover because if we don't do that and I think the other thing that you're saying is a lot of the majors, I think back to when I started my career with sort of WMC and even Goldfields and Anglo Gold.
Raleigh FinlaysonGUEST
The Greenfields exploration budgets are significantly larger numbers now.
Raleigh FinlaysonGUEST
Even though margins are greater, I don't have the evidence of this, but I feel like those exploration budgets are a lot smaller on finding new discoveries.
Gary BooysenGUEST
You can't go and y- you know, when, when a, a commodity cycle is up and, you know, the, the, the gold miners are producing enormous profits and paying it all out to shareholders, th- those would be the wrong kind of companies to put in your portfolio because you need that stability.
Gary BooysenGUEST
If you suddenly have the gold price collapsing, y- AngloGold, Gold Fields, uh, Harmony, [laughs] they're not gonna be paying those dividends anymore.
Gary BooysenGUEST
And when, when you go into, let's say, a 2008 financial crisis, a lot of, a lot of stocks cancel their dividends.
Gary BooysenGUEST
They, they're nervous about paying out cash 'cause they're uncertain of the future.
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