JSE-listed Gold Fields expects to produce its first gold at the Salares Norte project in Chile by April 2024.
The company anticipates production volumes of 220,000 to 250,000 gold equivalent ounces in 2024.
It said planned production volumes for 2025 and 2026 remain unchanged at 600,000 gold equivalent ounces.
Delays in pre-commissioning and commissioning activities had an impact on the production of the project's first gold.
Gold Fields said the total mechanical construction of the project is significantly complete at 99.3%, and mining has progressed with more than 87.2 million tonnes of waste moved, 2.3 million ore tonnes and 520 000 gold equivalent ounces stockpiled.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
