Gold price boom finds Gold Fields napping as South Deep falters

Shares in Gold Fields fell nearly 8% on Friday after the group reported a 30% decline in profit for the six months ended June and revised downwards its full-year production guidance with its South Deep mine weighing on the group’s earnings.

The Johannesburg and New York-listed group reported profit of $320m in the six months under review, down from about $458m in the comparative period...

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