Gold Fields Limited (NYSE: GFI) Investor Investigation Over Possible Violations Of Securities Laws

Investors who purchased shares of Gold Fields Limited (NYSE: GFI), have certain options and should contact the Shareholders Foundation, Inc.

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Company Name(s): 
Gold Fields
Affected Securities: 

An investigation on behalf of investors of Gold Fields Limited (NYSE: GFI) shares over potential securities laws violations by Gold Fields Limited and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Gold Fields Limited (NYSE: GFI) concerning whether a series of statements by Gold Fields Limited (NYSE: GFI regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Gold Fields Limited produces gold and holds gold reserves and resources in South Africa, Ghana, Australia, and Peru. Gold Fields Limited reported that its annual Total Revenue rose from over $2.66 billion in 2016 to over $2.761 billion in 2017 and that its Net Income of $158 million in 2016 declined to a Net Loss of $18.7 million in 2017.

On August 14, 2018, Gold Fields Limited announced a restructuring at its South Deep mining operation, including cutting 1,100 jobs, or roughly 30% of its workforce.

Shares of Gold Fields Limited (NYSE: GFI) declined to $2.39 per share on August 23, 2018.