Gold Fields CEO Sees South Deep Mine Ready by End 2017
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Gold Fields Ltd.’s South Deep mine, plagued by delays since it was bought for $3 billion in 2006, will underpin long-term growth and be ready for full output by 2017, Chief Executive Officer Nick Holland said.
The company’s only South African asset, and the world’s second-biggest gold deposit, will produce 650,000 to 700,000 ounces a year at about $900 an ounce by the end of 2017 even with disruptions in the first quarter, he said.