Precious Metals

Bloomberg reported that Gold Fields (NYSE:GFI) is enjoying higher profits on increased production and rising gold prices.

Bloomberg reported that Gold Fields (NYSE:GFI) is enjoying higher profits on increased production and rising gold prices.

The market news is quoted as saying:

The shares advanced as much as 3.8 percent to the highest levels since May 3. Profit excluding one-time items rose to 1.33 billion rand ($183 million), or 1.84 rand a share, from 1.15 billion rand in the first quarter, or 1.60 rand, the company said in a statement today.

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