| 2015 Has Been Hard on Mining Companies | |
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How the 2015 Fall in Metals Has Impacted Miners Differently Miners’ carnage
2015 has been tough for miners, especially due to the price rout in the commodities market. The commodities market, which is tracked by the S&P GSCI (Goldman Sachs Commodity Index), has fallen about 24.3% since the start of the year. The drop in the commodities is also visible among the precious metals and other base metals. The mining industry’s performance is reflected by the Market Vectors Gold Miners ETF (GDX) and the SPDR S&P Metals and Mining ETF (XME), which have plunged by a whopping 21.8% and 50.6%, respectively, on a year-to-date basis.
Pure versus diversified
The miners include pure gold mining firms, whose core business is extracting gold. However, a few of these companies may have additional assets. Companies like Gold Fields (GFI) and IamGold (IAG) are a few of the pure gold miners. The enterprises that are termed as mixed miners include those who mine precious metals as well as other base metals like copper, aluminum, and iron ore. Mining giant Newmont Mining (NEM) is primarily into gold and copper mining.
There are also a few companies whose core business is silver like Pan American Silver (PAAS), but they also mine other base metals. However, companies like Southern Copper (SCCO) and Rio Tinto (RIO) are purely into the base metals mining business. GFI, IAG, NEM, and PAAS together contribute 11.8% to the Market Vectors Gold Miners ETF (GDX).
In the rest of this series, we will focus on the comparative performance of the different mining categories.
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Gold Fields ltd
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PRODUCTEUR |
CODE : GFI |
ISIN : US38059T1060 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Gold Fields est une société de production minière d'or basée en Afrique Du Sud. Gold Fields est productrice d'or, de cuivre au Ghana, au Perou, en Australie et en Afrique Du Sud, en développement de projets d'or au Mali, et détient divers projets d'exploration au Perou. Ses principaux projets en production sont ST IVES MINE et AGNEW en Australie, BEATRIX MINE, DRIEFONTEIN, KLOOF MINE, SOUTH DEEP, KLOOF et BEATRIX en Afrique Du Sud, DAMANG, TARKWA et DAMANG PROJECT au Ghana et CERRO CORONA au Perou, son principal projet en développement est KOMANA au Mali et ses principaux projets en exploration sont LOBO aux Philippines et CHUCAPACA et CANAHUIRE au Perou. Gold Fields est cotée aux Etats-Unis D'Amerique, en Afrique Du Sud et en France. Sa capitalisation boursière aujourd'hui est 11,7 milliards US$ (10,5 milliards €). La valeur de son action a atteint son plus bas niveau récent le 10 novembre 2000 à 1,69 US$, et son plus haut niveau récent le 13 septembre 2024 à 14,21 US$. Gold Fields possède 821 530 048 actions en circulation. |