Gold Fields’ share price surges by 3.74% as its new CEO is appointed

Edward West edward.west@inl.co.za

GOLD FIELDS announced that Michael Fraser would become CEO and an executive director of the group from January 1, 2024. The announcement was marked by a 3.74% surge in the share price to close at R223.82 on the JSE yesterday. Fraser succeeds Martin Preece, who was Interim CEO and executive director of the gold mining company since January 1, 2023. Gold Fields’ share price surge, however, was in line with a sharp 5.15% gain in the FTSE/JSE Precious Metals and Mining Index on the JSE yesterday afternoon. Conflict in the Middle East lifted oil, gold and safe-haven govern- ment bonds yesterday. On the JSE other gold counters such as AngloGold Ashanti closed 5.85% higher at R327, Sasol closed 6.35% higher at R253.20, while fellow gold miner Harmony’s share price…

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Cape Times (Digital) - 1 Issue, 2023-10-10

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