Gold Fields Expects Lower Earnings Amidst Production Challenges

Gold Fields (GFI) has released an update.

Gold Fields Limited has announced that its headline earnings per share (HEPS) for the first half of 2024 are expected to be significantly lower than the previous year, with a decrease of 25% to 33%. The decline is attributed to various challenges such as lower production at key mines and higher costs, although a higher gold price partially offset these negatives. Improvements in gold volumes sold are anticipated in the latter half of the year as production is expected to ramp up in several mines.

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