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Gold Fields returns to profit as it extends life of Ghana mine - Moneyweb

Thursday, 15 August 2019

Maintains its output guidance of 2.13m ounces to 2.18m ounces for the full year.

Gold Fields returned to a profit of $70.5 million (R1.08 billion) in the six months through June, after a loss in the year-earlier period.

The Johannesburg-based producer maintained its output guidance of 2.13 million ounces to 2.18 million ounces for the full year. The company also announced that it plans to extend life of operations at its jointly held Asanko Gold mine by eight to 10 years as it bolsters its position in Ghana.

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