CAPITAL MARKETS

Gold Fields posts solid third quarter result

SOUTH African giant Gold Fields has reported a strong result for the September quarter with net earnings of US$29 million, but continues to be dogged by its poorly performing Oryx and St Helena mines in Free State province.

Greg Tubby

Overall, production in the quarter rose 6% to 973,000 ounces from 920,000oz the previous quarter due to an increase in tonnes milled and improved yields. Cash costs received a boost from a slight weakening...

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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

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