BUSINESS DAY TV: We can’t worry too much about the gold price, says Nick Holland
Nick Holland, CEO of Gold Fields, speaks to BDTV at Mining Indaba about challenges facing the industry. BUSINESS DAY TV: Gold Fields has [given guidance for] a swing back into the black for the full year 2016, expecting headline earnings per share to rise between 730% and 780% from the headline loss per share it experienced in 2015. CEO Nick Holland joins me now at this year’s Investing in Africa Mining Indaba. Nick … that US dollar gold price is doing you a favour. Has the bottom of the cycle been hit and are we now looking at the next wave up? NICK HOLLAND: If you’re talking about the gold price, as always it’s very difficult to predict, and in fact who would have thought on the back of Brexit and Trump winning the US election, one would have thought the gold price would possibly have been higher than what it is. But it is somewhat muted. There are so many different factors. We are seeing a stock market in the US that has reached new levels — the Dow has got to 20,000, and just ov...
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