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We recently published a list of Tech Firms Dominate Monday’s 10 Worst Performers. In this article, we are going to take a look at where Gold Fields Ltd. (NYSE:GFI) stands against other tech firms that dominate Monday’s worst performers.
Wall Street’s main indices kicked off the trading week in the green territory, albeit with minimal gains, as investors stayed on the sidelines while continuing to digest President Donald Trump’s temporary tax reprieve on technology companies.
The S&P 500 recorded the highest gain, up 0.79 percent, while the Dow Jones came second at 0.78 percent. The tech-heavy Nasdaq was also up by 0.64 percent.
Meanwhile, 10 companies, predominantly in the technology sector, bucked a broader market optimism, booking modest declines during the session. In this article, let us explore Monday’s 10 worst performers and the reasons behind their gains.
To come up with the list, we only considered the stocks with $2 billion market capitalization and $5 million trading volume.
Aerial view of a large gold mine in South Africa with many excavators and trucks working.
Gold Fields Ltd. (NYSE:GFI)
Gold Fields Ltd. snapped a three-day winning streak on Monday, dropping by 3.54 percent to end at $23.69 each as investors sold off positions following news that it would cease operations at its Damang mining site in Ghana after the government rejected its lease extension request.
While GFI already stopped mining in Damang since 2023, it continued to process stockpiles at the site. On Monday, it confirmed that it was instructed by authorities to vacate the lease area by April 18.
According to GFI, it was “preparing to safely and responsibly cease operations and ensure the safety and security of our people and high-risk operations.”
Damang was GFI’s smaller gold mining site after Tarkwa, its largest open-pit site.
Damang alone produced 135,000 ounces of gold last year, accounting for around 6 percent of the group’s total 2.15 million ounces produced.
Overall, GFI ranks 5th on our list of tech firms that dominate Monday’s worst performers. While we acknowledge the potential of GFI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GFI but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.