(Bloomberg) -- Gold Fields Ltd. reduced its production guidance for the second time in a few months due to operational challenges at mines in Chile and South...
-- Gold Fields Ltd. reduced its production guidance for the second time in a few months due to operational challenges at mines in Chile and South Africa .The Johannesburg-listed gold miner now expects to produce 2.05 million to 2.15 million ounces of the precious metal this year, according to a statement released on Friday. The company had already cut its annual target in June by as much as 10% to 2.2 million to 2.3 million ounces.
A severe winter is disrupting the ramp-up of output at the company’s new Salares Norte project in Chile, while challenges at its South Deep mine in South Africa also curbed production. Earlier this month, the company announced a $1.6 billion deal to buy Osisko Mining Inc., giving Gold Fields full control of the Windfall development project in Canada.Musk Gets the Warlord Seal of Approval for the CybertruckNuala Kennedy and Eamon O’Leary: Hydra review – sumptuous folk songs
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