Gold Fields Limited: Costs Contained Despite Seasonal Decline in Production

Gold Fields Limited (NYSE:GFI,JSE:GFI) announced that despite a decline in gold production the company managed its expenses well.

The press release is quoted as saying:

Sound cost control in all Regions has resulted in net operating costs decreasing from R5,015 million (US$724 million) in the December quarter to R4,878 million (US$699 million) in the March quarter as operations continue to benefit from business process re-engineering.

To read the full press release, click here.