BUSINESS NEWS - South Africa’s Gold Fields said its third-quarter gold output rose 3% compared with previous quarter, buoyed by a 10% surge in production at their South Deep mine.
Gold Fields, which also has operations in Australia, West Africa and South America, saw gold production rising to 567,000 ounces for the quarter ended 30 September.
The bullion producers said gold production for the quarter from its South Deep operations rose 10% to 81,000 ounces, driven by an increase in reef grade.
However, the miner said full-year production for its South Deep mine would be between 5% and 10% below the previous guidance of 315,000 ounces, as output has been affected by safety stoppages earlier this year following two fatalities.
