Cash flow-positive Gold Fields maintained its full-year production guidance despite forecasting a 10% drop in output from its sole South African mine, South Deep, which is ramping up to full production. Gold Fields, which has mines in SA, Ghana, Australia and Peru, generated positive cash flow of $85m for the September quarter after outflows of $67m in the June quarter. If the chunky $67m of capital expenditure on projects in Ghana, Australia, SA and an exploration project in Chile was excluded, cash flows would have stood at $152m. Gold production came in 6% higher at 567,000oz for the quarter compared with the same period a year earlier.
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