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'Gold Fields posts a rosy fiscal third quarter and blue skies ahead' gold mining

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Gold Fields posts a rosy fiscal third quarter and blue skies ahead

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05/07/09 07:59

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Gold Fields posts a rosy fiscal third quarter and blue skies ahead

One of Africa's big gold players being the 2nd largest gold mining company there, posted a profit and forecast further increases in production.~~

Although it has been a challenging three months, Gold Fields has pulled off an increase due to their output increase and the higher price of gold right now.

The company based in Johannesburg predicts a similar increase for the next quarter, which means if prices stay at current levels or better, they will be able to reduce their debt load as planned over the next 18 months.

Link: Gold Fields Profit More Than Doubles on Higher Output (Update2) - Bloomberg.com

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