Why Gold Fields Stock Got Mashed on Monday
A media report stated that it might lose control of its largest mine.
Overview
The price of gold was fairly buoyant on Monday, but we can't say the same for the equity of Gold Fields (NYSE: GFI). The mining company's American Depositary Receipts (ADRs) sank by over 10%, on a media report that it might lose control of its No. 1 play.
Early Friday morning, Bloomberg published an article stating that the government of Ghana was considering shifting control of Tarkwa, Gold Fields' largest mine, away from the company.
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Originally published at www.fool.com.
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