Gold Fields trims output forecast again as new Chile mine struggles

Osisko Mining

23/08/2024 06:27

JOHANNESBURG, Aug 23 (Reuters) - Gold Fields  GFIJ.J 
said on Friday it will produce much less gold this year than
previously forecast due to challenges in raising output at a new
mine in Chile and its South African operation.
    The Johannesburg-based gold miner said its 2024 output has
been scaled down to between 2 million ounces and 2.15 million
ounces from a previous forecast of about 2.3 million ounces. 
    Gold Fields' profit slumped to $320.7 million in the first
half of this year, compared with about $458 million in the same
period last year, taking a hit from declining gold output.
    
    

 (Reporting by Felix Njini and Nelson Banya in Johannesburg;
Editing by Mrigank Dhaniwala)
 ((Felix.Njini@ThomsonReuters.com; Reuters Messaging:
Felix.Njini@ThomsonReuters.com))