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Gold Fields GFI (news,
chart,
quote) - GFI volatility Flat; Gold above $935
GFI, an unhedged producer of gold with attributable production of more than four million ounces per annum, and total attributable ore reserves of 92 million ounces, closed at $12.54. GFI raised Q4 2008 operational guidance on June 25 on improved quality mining. GFI will announce Q4 EPS on August 1. Gold is trading at $935.80 according to Bloomberg. GFI August option implied volatility of 51 is near its 6-month average according to Track Data, suggesting non-directional price movement.
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