Gold Fields (GFI) has released an update.
Gold Fields Limited has announced a significant downward revision to its 2024 production guidance for the Salares Norte Project in Chile, from the initial estimate of 220-240koz of gold equivalent ounces down to 90-180koz, due to unexpected early winter conditions affecting the operation. The impact of the harsh weather has prompted a concurrent increase in the company’s all-in cost projections for 2024. Despite these challenges, the company remains focused on ramping up the project, while respecting environmental regulations and continuing the approved Chinchilla capture and relocation plan.
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