Gold Fields reports 12% rise in gold production but considers selling smaller mines to focus on larger operations.

Gold Fields, a South African gold mining company, reported a 12% increase in gold production to 510,000 ounces in the third quarter of 2024, despite higher operational costs. The company is considering selling smaller mines in Ghana and Peru to focus on larger operations and recently acquired Canadian assets. CEO Mike Fraser's strategy is easing pressure on the company, which saw a 25% improvement in gold prices this year.

November 14, 2024
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