Gold Fields cuts South Deep guidance after weak quarter; shares -9% [Seeking Alpha]
Gold Fields Limited American Depositary Shares (GFI)
US:NYSE Investor Relations:
goldfields.com/investors.php
Company Research
Source: Seeking Alpha
Gold Fields cuts South Deep guidance after weak quarter; shares -9%Gold Fields (NYSE:GFI)-8.8% premarket after reportinglower production for the March quarter and warning of more difficulties at its South Deep mine in South Africa.GFI says gold production for the quarter fell 1% Y/Y and 10% Q/Q to 490K oz., while output from South Deep rose 4% Y/Y but fell 41% Q/Q to 48K oz.GFI says South Deep’s production was hurt by a slow production build-up after the seasonal holidays, two labor restructuring processes that occurred at the end of 2017 and during the quarter, and a change in shift arrangements which was supposed to lift productivity but appears initially to haveresulted in the opposite effect.As a result, GFI cuts its full-year production guidance for South Deep to 244K oz. from its earlier outlook for 321K oz.; the company forecasts overall full-year production of 2M-2.5M oz.See all stocks on the move »Now read:Gold Mining Bull: Top News And Month In Review »
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News
- GALIANO GOLD REPORTS 2024 GUIDANCE, PRELIMINARY Q1 OPERATING RESULTS AND A 38% INCREASE IN ABORE M&I MINERAL RESOURCES [Yahoo! Finance]Yahoo! Finance
- Sibanye Gold Restructuring to Put 4,000 More Jobs at Risk [BNN Bloomberg (Canada)]BNN Bloomberg
- Gold Fields Limited (NYSE: GFI) was downgraded by analysts at UBS Group AG from a "buy" rating to a "neutral" rating.MarketBeat
- Gold Fields: Shares Surge Amid Record-High Gold Prices, Still A Value [Seeking Alpha]Seeking Alpha
- Fluor Announces First Gold from Gold Fields' Salares Norte Mining Project in Chile [Yahoo! Finance]Yahoo! Finance
GFI
Sec Filings
- 4/4/24 - Form 6-K
- 4/2/24 - Form 6-K
- 4/2/24 - Form 6-K
- GFI's page on the SEC website