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Gold Fields sees 2020 earnings jump

Thanks to gold price.
Image: Supplied

Gold Fields Limited said basic earnings per share for the full-year 2020 will range from $0.80 to $0.84, or 300% to 320% higher than the figure for the previous year, thanks to strong gold prices and slightly higher production.

In a trading statement the Johannesburg-listed gold miner, which has mines in South Africa, Ghana, Peru, Chile, and Australia, said gold equivalent production for 2020 is expected to be 2.236 million ounces, up 2% from 2019.

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What portion of the production comes from South Deep and what is the cost per kg to mine it?

”Well, time wounds all heels”
Jane Ace (1905-74)

Maybe it’s time? – but what is happening with the ZAR 43 billion claim by Randgold & Exploration against Gold Fields – in a legal matter dating back to 2008.

The 13-year-old legal case brought against Gold Fields by Randgold & Exploration is “ripening” like a good cheese and will deliver the “best bang for our buck”, shareholders in the remains of the former mining investment entity were told by directors at the annual general meeting(according to Business Day report , 8 June 2020)
This story dates back to the early 2000s when Brett Kebble masterminded the complex machinations during which JSE-listed Randgold’s one-third stake in London-listed Randgold Resources and other companies’ shares was misappropriated and stolen…

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