Gold Fields to lose just 3% of gold output to Covid-19
Total lost production from South Deep is expected to be R1bn, but mines in Australia and Ghana are still working at full steam
23 April 2020 - 17:27
Gold Fields stands to lose 2-tonnes of gold in 2020 to disruptions to its mines in SA and Peru, but CEO Nick Holland says this represents about 3% of annual output and the rest of its mines are pumping metal and cash.
Gold Fields anticipates repaying a “sizeable” amount of its debt as its mines in Australia — the single largest source of gold for the group — and Ghana continue to operate as normal as the Covid-19 pandemic sweeps across the globe...
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