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Stock impact report

Gold Fields sees Salares Norte mine starting gold production in April [Seeking Alpha]

Gold Fields Limited American Depositary Shares (GFI) 
US:NYSE Investor Relations: goldfields.com/investors.php
Company Research Source: Seeking Alpha
declined and costs rose; 2022 results also were helped by a $202M break fee it received after its failed bid to acquire Yamana Gold. Full-year net profit fell slightly to $703.3M from $711M in 2022 and missing the average analyst estimate in a Bloomberg survey. Full-year attributable gold production from Gold Fields' ( GFI ) eight operating mines fell 4% Y/Y to 2.3M oz while all-in-sustaining costs jumped 17% to $1,295/oz. The company declared a final dividend of 4.20 South African rand/share (~$0.22), lifting the total for the year to 7.45 rand/share. For 2024, Gold Fields ( GFI ) guided for attributable production of 2.33M-2.43M gold equivalent oz, saying it expects a rapid production ramp-up at its new $1.2B Salares Norte mine in Chile, which is expected to come online in April after several delays. The miner expects Salares Norte, which is key to its long-term goal of boosting output to 2.8M oz/year, will produce 250K oz of gold this year before ramping up to 580K oz in Show less Read more
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