| 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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VanEck Vectors Global Alternative Energy ETF
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PRODUCER |
CODE : GFI |
ISIN : US38059T1060 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Gold Fields is a gold producing company based in South africa. Gold Fields produces gold, copper in Australia, in Ghana, in Peru and in South Africa, develops gold in Mali, and holds various exploration projects in Peru. Its main assets in production are ST IVES MINE and AGNEW in Australia, BEATRIX MINE, DRIEFONTEIN, KLOOF MINE, SOUTH DEEP, KLOOF and BEATRIX in South Africa, DAMANG, TARKWA and DAMANG PROJECT in Ghana and CERRO CORONA in Peru, its main asset in development is KOMANA in Mali and its main exploration properties are LOBO in Philippines and CHUCAPACA and CANAHUIRE in Peru. Gold Fields is listed in France, in South Africa and in United States of America. Its market capitalisation is 665.6 millions as of today (€ 625.2 millions). Its stock quote reached its lowest recent point on November 10, 2000 at 1.69, and its highest recent level on November 12, 2024 at 14.03. Gold Fields has 47 442 200 shares outstanding. |