Gold Fields sees 2020 earnings jump thanks to gold price
The South Deep mine, Gold Fields’ only asset in South Africa. (Image courtesy of Gold Fields)
Gold Fields Limited said basic earnings per share for the full-year 2020 will range from $0.80 to $0.84, or 300% to 320% higher than the figure for the previous year, thanks to strong gold prices and slightly higher production.
In a trading statement the Johannesburg-listed gold miner, which has mines in South Africa, Ghana, Peru, Chile, and Australia, said gold equivalent production for 2020 is expected to be 2.236 million ounces, up 2% from 2019.
(By Helen Reid; Editing by Jason Neely)
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