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Gold Fields said it expects a drop in gold production for 2024, but in line with its target range.
The South African gold miner on Thursday said it forecasts full-year gold-equivalent production of 2.07 million, down from 2.30 million in 2022.
This is in line with its guidance of between 2.05 million and 2.15 million.
All-in costs--a metric that reflects the full cost of gold mining--are expected to increase to $1,873 an ounce, up from $1,512 reported a year ago, but within the guided range of $1,820 to $1,910 an ounce.
Headline earnings per share for continuing operations for the year are expected to range from $1.28 to $1.38 a share, it said.
The company added that fourth-quarter gold production rose 8% on year to 643,000 ounces, and more than 25% on quarter.
