Gold Fields Faces Production Decline, Maintains Dividend

Gold Fields (GFI) has released an update.

Gold Fields, a major mining company, reported a 20% drop in production and a rise in costs due to operational challenges, weather events, and delays in mine development, notably at their South Deep and Salares Norte locations. Despite these setbacks, the company declared a 300 SA cents interim dividend per share and remains optimistic, expecting improved second-half performance due to safety and operational enhancements. Gold Fields also introduced a new two-tier operating model aimed at boosting efficiency and reliability across its portfolio.

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