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Gold Fields expects H1 earnings boost

Dual-listed Gold Fields expects its earnings for the first half of the year to surge after recording a recovery in the gold price alongside lower net operating costs in local currencies. Gold Fields anticipates posting a 1 400% increase in earnings a share and a 1 500% jump in headline earnings a share to $0.14 and $0.16 respectively for the six months ended June 30, compared with the $0.00 and $0.01 reported in the corresponding period the year before.