Gold Fields Trims Full-Year Production Target; Profit Falls
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Gold Fields Ltd., the fourth-largest producer of the metal, trimmed its full-year production outlook because of technical difficulties after reporting an 18 percent drop in first-quarter earnings.
The new target is 3.5 million ounces compared with a previous range of 3.5 million to 3.7 million ounces, Chief Executive Officer Nick Holland said today in an interview in Johannesburg, where the company is based.