Gold Fields: Australian mine boosts output

The JSE-listed company reported a 21 percent growth in production for the quarter to December after it acquired the Yilgarn South asset in Western Australia, it said yesterday. The firm reported that production had increased to 598 000 ounces in the December quarter and full-year production was 2.02 million ounces. The fourth-quarter figures includes the 114 000 ounce contribution from the Australian asset. Results for the quarter and the year ended in December are due to be published published on February 13. Shares dropped 3.20 percent yesterday to close at R36.25. – Dineo Faku