Gold Fields to produce 1m oz gold in S. America

Supplies from Switzerland to Britain in October reached the highest level since June 2021.

The monthly drop in production was mainly due to lower supply from the Andean country's two largest copper miners - Cerro Verde and Antamina.

In May, the company produced a feasibility study that demonstrated the potential for Troilus to be amongst the largest gold producers in Canada.

Donald Trump’s presidential win is likely to be gold positive in the medium term, according to John Reade, chief market strategist for the World Gold Council.