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New mining method nudging South Deep towards breakeven – Gold Fields

Gold mining company Gold Fields increased production in the three months to December 31, when it generated $47-million of cash flow.

It pulled down costs to $942/oz, recorded normalised earnings of $15-million, stuck to its dividend commitment, reduced net debt by $47-million and is striving to reach a one times ratio of net debt to earnings before interest, taxes, depreciation and amortisation. (Also watch attached Creamer Media video).