Gold Fields reported a loss for its 2017 financial year, when it invested heavily in growth project and grappled with the South African Revenue Service (SARS) over South Deep, its last remaining mine in SA. Gold Fields declared a R0.50 per share final dividend, bringing its total return to shareholders for the year to R0.90 per share. Investing in growth projects in Australia, Ghana and SA; a feasibility study in Chile; and a R3.5bn impairment against the South Deep mine left Gold Fields with an attributable net loss for the year to end-December of $35m compared with a profit of $163m the year before. Attributable headline earnings, which exclude once-off items to give a like-for-like comparison to the previous year, were $194m compared with $208m the year before. CEO Nick Holland said that 2017 "was set to be a tough year, with the group expecting a cash outflow for the year, given the increased level of project capital expenditure". Gold Fields injected $115m at its Damang mine in...
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