IN SOME rare good news from the gold-mining industry, Gold Fields reported on Tuesday that it expected its output for the year to June to increase marginally to 1.044-million ounces.One analyst said the company, which is headed by Nick Holland, would be increasingly attractive to investors if it continued to reduce its costs.Citing a slightly stronger US dollar gold price, and an Australian dollar that has weakened 5% year-on-year against the greenback, the company said on Tuesday that it expected its half-year earnings per share to be 14 US cents higher than the zero cents reported in the same period in 2015."Lower net operating costs in local currencies, and converting those costs at weaker exchange rates, coupled with dollar exchange rates, work for them. That is why we see their all-in sustaining costs for the half decreased," said analyst at BP Bernstein, Makwe Masilela."(Gold Fields) have done very well in reducing their costs, and if they continue to reduce costs and the gold...
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