Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

Yesterday

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

Gold Fields marginally misses 2023 production guidance

19 february 2024

Gold Fields’ attributable gold equivalent production for the fiscal year (FY) 2023 is expected to be 2,3 million ounces (oz), a 4% decrease compared to about 2,4 million oz recovered in FY 2022.

It said attributable gold equivalent production for FY 2023, excluding Asanko, is expected to be 2,2 million oz, a 3% decrease from the previous year’s 2,3 million oz, marginally missing the guidance range of 2,25 million oz to 2,3 million oz.

Meanwhile, Gold Fields said its normalised profit per share for FY 2023 is projected to range from $0.98 to $1.04 per share, which is 1% to 7% higher than the normalised profit of US$0.97 per share reported for FY 2022.

Normalised profit per share for continuing operations for FY 2023 is expected to range from $0.95 to $1.01 per share, which is 1% lower to 5% higher than the normalised profit for continuing operations of $0.96 per share reported for FY 2022.

In December last year, Gold Fields said it had agreed to sell its 45% stake in Ghana's Asanko gold mine to joint venture partner Galiano Gold in a $170 million cash and shares deal.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished