by Ina King (Potgieter)
South African gold-mining giant, Gold Fields, recently reported that it still expects to meet it is yearly production guidance, despite a 10% production decrease at its South Deep gold mine.
As one of the top mining companies in Africa, Gold Fields announced that it still expects to meet its full-year production guidance of 2.10-million to 2.15-million ounces.
The company recently reported its production results for the third quarter and noted that while South Deep’s production had increased quarter-on-quarter in the second and third quarters, the improvements were not enough to offset the weak first quarter. South Deep produced 81 000 ounces of gold in the third quarter, a 10% quarter-on-quarter and 17% year-on-year improvement.
Gold Fields’ latest production results:
Group production increased by 3% quarter-on-quarter and by 6% year-on-year to 567 000 ounces in the third quarter, a positive result for gold Mining in South Africa.
Gold Fields’ Australian operations produced 237 000 ounces in the third quarter, a 3% quarter-on-quarter decrease
Managed production in Ghana was, however, 4% lower quarter-on-quarter and 5% lower year-on-year, at 177 000 ounces.
Nick Holland, Gold Fields CEO, commented that the group had generated net cash flow of $85-million in the third quarter, compared with an outflow of $67-million in the second quarter.
Noting further mining opportunities in Africa, the group invested $34-million in growth capital expenditure at the Damang mine (Ghana), $21-million at Gruyere (Australia), $12-million at Salares Norte (Chile), and R55-million at South Deep.
Need more information on Gold Fields’ mines?
Damang Gold Mine (Ghana) - Tarkwa Gold Mine (Ghana)
South Deep Gold Mine (South Africa)
And over 14 Gold Fields mining projects surrounding these mines
Our team of researchers regularly document the mining company’s projects, updates and projections, from financial outputs to EPCM tenders, allowing you to stay up-to-date with latest mining intelligence!
Need contact info for Gold Fields’ personnel?
As part of our offering to clients, we maintain an up-to-date and detailed contact sheet for Gold Fields personnel. We’ve got the telephone numbers and email addresses of 52 Gold Fields members, enabling strong mining business opportunities in South Africa and in Africa!
How Africa Mining IQ gives you exclusive mining intelligence:
A subscription to Africa Mining IQ gets you exclusive access to the biggest mining companies in Africa. This intelligence includes:
Direct access to important project management personnel, with key contacts per project guaranteed!
Real-time reporting, monitoring, charting and statistical analysis on each mining project
A search facility that is easy to use and navigate, with a range of fully customisable search criteria, including a list of South African Mines, new mining companies, mines for sale in South Africa and more!
Access to new partnerships for collaboration and create new business opportunities
Direct email or SMS notifications of changes and updates to mining project status and new listed projects
Gain a foothold in this industry with unparalleled mining intelligence!
Africa Mining IQ is Africa’s largest online database for mining intelligence on the continent, with over 1 850 mining projects currently listed.
We provide a wide range of essential mining information on our online database, including key contacts for mining projects that currently assists over 170 businesses grow their operations across the continent. This information is maintained and updated daily, ensuring the Africa Mining IQ database is accurate, reliable and relevant.
AMIQ tracks over 1 900 projects across Africa. If you want to invest in mining, if you want to invest in Africa, if you provide product or services to mines in Africa, you need AMIQ intel.
Africa Mining IQ has created various analysis reports to provide you with an overview of mining projects in Africa by region, mineral type, and plant type. You can use these reports to analyse growth potential in developing commodity markets and better strategically plan your business development efforts. Africa Mining IQ provides a complete project report for each of the over 1 900 African projects we track, including everything from historical and up to the minute commentaries to contact details for suppliers, engineers and mine owners.
AMIQ has 170 company subscriptions, 20% of which are international. It is becoming easier to do business across the globe. AMIQ is for anyone who supplies a product or provides a service to mines. With key contact details, and being in the know in the early stages of project development, you can build meaningful relationships with the right people and position yourself early for a successful bid for mining projects in Africa. Keep a close eye on developing projects aligned to your business and identify projects, with weekly or monthly alerts. Don’t delay, subscribe to AMIQ today and reap the rewards of comprehensive African mining project intelligence.
Contact Africa Mining IQ today on +27 11 830 2132 to target business opportunities in Africa's growing mining industry!
+ Quick Links
Chrome Mining in South Africa
Coal Mines in South Africa
Coal Mining in South Africa
Diamond Mining in South Africa
Gold Mining in South Africa
Impala Platinum Mines
Kumba Iron Ore
List of South African Mines
Mines for Sale in South Africa
Mines in South Africa
Mining Activity in South Africa
Mining Industry in South Africa
Mining in Limpopo
Mining in Mpumalanga
Mining in South Africa
Platinum Mining in South Africa
South African Mines Contact Details
South African Mines Directory
Mining in Southern Africa
Mining Business Opportunities in SA
Mining Opportunities in South Africa
Mines in South Africa
Mining in Limpopo
Mining in Mpumalanga
Copper Mining in Zambia
Copper Mining in Africa
Anglo American coal mines South Africa
Biggest mining companies in Africa
Coal Mining Companies in South Africa
Chrome Mining Companies in South Africa
Mining Companies in Angola
Mining Companies in DRC
Mining Companies in Gauteng
Mining Companies in Ghana
Mining Companies in Johannesburg
Mining Companies in Mpumalanga
Mining Companies in Rustenburg
Mining Companies in South Africa
Mining Companies in Zambia
Mining IQ Xstrata Mines
New Mining Companies
Smallest Mining Companies in Africa
Top Mining Companies in Africa