Gold Fields Returns to Profit and Plans Ghana Investment
Photographer: Akos Stiller/Bloomberg
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Gold Fields Ltd. returned to a profit of $70.5 million in the six months through June, after a loss in the year-earlier period.
The Johannesburg-based producer maintained its output guidance of 2.13 million ounces to 2.18 million ounces for the full year. The company also announced that it plans to extend life of operations at its jointly held Asanko Gold mine by eight to 10 years as it bolsters its position in Ghana.