Gold Fields Slumps After Cutting Output Target for Second Time

Company expects to produce 2.05 to 2.15 million ounces in 2024
First-half profit fell despite gold price hitting new records

Underground workers at the Gold Fields Ltd. South Deep gold mine in Westonaria, South Africa. — Underground workers at the Gold Fields Ltd. South Deep gold mine in Westonaria, South Africa.
Photographer: Michele Spatari/Bloomberg

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By William Clowes

August 23, 2024 at 7:20 AM UTC

Updated on

August 23, 2024 at 2:34 PM UTC

This article is for subscribers only.

Gold Fields Ltd. fell the most in 10 weeks after reducing its production guidance for the second time in less than three months due to operational challenges at mines in Chile and South Africa.

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