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Gold Fields Profit Drops as It Cuts Output Targets
May. 17, 2012 07:11AM PST
Precious Metals Investing
Bloomberg reported that Gold Fields (NYSE:GFI) lowered its production targets for 2012 due to technical difficulties.
Bloomberg reported that Gold Fields (NYSE:GFI) lowered its production targets for 2012 due to technical difficulties.
As quoted in the market news:
Gold Fields cut its minimum output forecast from Ghana’s Damang mine this year to 175,000 ounces from 210,000 ounces because of a program to improve its performance that may cost $50 million to $60 million in the next three years.
