Gold Fields Net Profit Increased To Reach $ 186 Million
February 22nd, 2010 | File Under : Companies - Gold - Mineral Exploration
Gold Fields is the largest metal producer in Africa. The company reported net profit of the company gained increasing to 1:41 billion rand ($ 186 million) in the second quarter. Increase in profits for the three months to reach 40 percent in the price of gold higher.
Comparison of income and production costs, cash costs rose to $ 613 per ounce of gold produced, from $ 586. Output fell to 900,000 ounces from 906,000 ounces.
Chief Executive Officer of Gold Fields, said the company has strived to increase production to reduce production cost increase. Gold mining companies of South Africa, Ashanti Ltd., AngloGold including Gold Fields to spend more exploration gold mine, because the excavation into the deeper the mine source.
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