Gold Fields CEO Asks for ‘More Time’ as Investors Get Antsy
- CEO says shareholders are concerned about South Deep mine
- Holland appeals for more time to fix the troubled asset
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Gold Fields Ltd. shareholders getting impatient over the company’s failure to stem losses at the huge South Deep deposit in South Africa shouldn’t lose hope, said Chief Executive Officer Nick Holland.
Gold Fields said in August it’s embarking on yet another turnaround plan at the operation, its only one left in South Africa. South Deep’s disappointing performance has been a drag on the company for years and management is aware that investors are getting fed up, Holland said in an interview.