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South Africa: Gold Fields Anticipates a Cost Spike as Iran War Drives up Fuel Price
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War inflation spells trouble for SA gold miners like Gold Fields
MARKET volatility caused by the US-Iran war hindered Gold Fields from buying back shares in terms of a $100m capital return programme unveiled in February, the company said on Thursday. But the conflict could have a much more influential bearing on the miner’s ability to deliver into its cost guidance for the year, though it has maintained guidance for now. Gold production is forecast to be between 2.4 to 2.6 million ounces. All-in sustaining co…
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