Gold Fields unveils R2.28bn South Deep turnaround plan, earnings up sharply

February 15, 2017

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South African bullion producer Gold Fields on Thursday announced a rise in profits and a long-awaited plan to make its South Deep mine profitable, with a production target of 500 000 oz/y. Gold Fields, which scrapped production targets for the mine of 700 000 oz/y or more three years ago to focus on getting it to break even, said it was changing mining methods at South Deep to eliminate cumbersome steps in the production process.

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