Resource News
Gold Fields says Q1 production in line with guidance
By resourceINTEL · October 1, 2009 · 7:11 am · Leave a Comment
JOHANNESBURG (miningweekly.com) – JSE-listed Gold Fields’ production and cash costs for the first quarter of 2010 will be “broadly in line” with its forecast, at around 906 000 oz, CEO Nick Holland said on Thursday.
Production from the South Africa region dropped slightly to 527 000 oz, compared with 529 000 oz achieved in the last quarter of 2009.
At the company’s two biggest mines, Driefontein and Kloof, safety related stoppages in the fourth quarter impacted on production in the first quarter of 2010.
Driefontein produced 190 000 oz and Kloof produced 161 000 oz gold.
Holland said that both Driefontein and Kloof could, and should, do better. “The focus remains on returning these operations to a production level of about 6,5 t of gold a quarter for Driefontein and 5,5 t for Kloof.”
The Beatrix operation’s output increased by 8% to 111 000 oz, while South Deep’s production jumped by 25% to 65 000 oz, as the mine continued to build up towards its 2010 target of 300 000 oz/y…read more at the Mining Weekly
