Copper News Hubb
Advertisement Banner
  • Home
  • Copper news
  • Metal & Minerals Industry
  • Mining
  • Contact
No Result
View All Result
  • Home
  • Copper news
  • Metal & Minerals Industry
  • Mining
  • Contact
No Result
View All Result
Wellnessnewshubb
No Result
View All Result
Home Mining

Higher output, prices lift Gold Fields’ interim earnings

admin by admin
August 4, 2022
in Mining


JSE- and NYSE-listed Gold Fields expects its headline earnings a share for the first half of the year to be between 24% and 33% higher year-on-year, at between $0.56 and $0.60 as a result of higher production and gold prices, partially offset by higher costs.

Basic earnings a share for the period are expected to increase by between 25% to 34% year-on-year, to between $0.55 to $0.59, while normalised earnings a share are expected to be between 10% and 18% higher year-on-year, at between $0.54 and $0.58 apiece.

Attributable gold-equivalent production for the first half of the year is expected to be 9% higher year-on-year at 1.2-million ounces.

All-inclusive costs (AIC) are expected to be 6% higher at $1 352/oz, as a result of an increase in operating costs driven by mining inflation and the increased project capital expenditure at Salares Norte, in Chile.

All-inclusive sustaining costs (AISC) are expected to be 5% higher, at $1 148/oz.

SECOND QUARTER

For the second quarter of the year, Gold Fields’ attributable gold-equivalent production is expected to be 621 000 oz, up from the 580 000 oz of the first quarter.

AIC is also expected to be higher, increasing from $1 320/oz in the first quarter to $1 382/oz in the second quarter.

AISC is expected to be down from $1 150/oz in the first quarter to $1 146/oz in the second quarter.

Gold Fields plans to release its interim financial results on August 25.



Source link

Previous Post

Capex edges higher in Iamgold’s latest update for Côté gold project in Ontario

Next Post

Zinc price highest since March as energy crunch threatens smelters

Next Post

Zinc price highest since March as energy crunch threatens smelters

Recommended

Implats’ earnings to decline on lower sales revenue, inflationary pressures

1 week ago

Mining People: E3 Lithium, Glencore, Los Andes Copper, Pacific Bay Minerals

2 weeks ago

Australian coal output to remain flat, mainly due to scheduled closures

3 weeks ago

World Copper Files Amended Technical Report on SEDAR for Escalones Copper Project, Chile

2 days ago

Investors should employ local experts – Kabuswe

7 days ago

Project progress – Three things to know about the NorthMet project

3 weeks ago

© 2022 Copper News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy.

Navigate Site

  • Home
  • Copper news
  • Metal & Minerals Industry
  • Mining
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Copper news
  • Metal & Minerals Industry
  • Mining
  • Contact

© 2022 Copper News Hubb All rights reserved.