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Gold Fields maintains production guidance, but South Deep to miss FY target

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GOLD
JSE- and NYSE-listed Gold Fields still expects to meet its full-year production guidance of 2.10-million to 2.15-million ounces, despite the fact that output from its South African South Deep mine for the full year is likely to be 5% to 10% below guidance of 315 000 oz. The gold miner, which on Monday reported its production results for the third quarter ended September 30, noted that South Deep’s production had increased quarter-on-quarter in the second and third quarters, but that the improvements were not enough to offset the weak first quarter.
 
 
 
 
 

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