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
