South Africa’s Gold Fields production up 10 % in Q1

JOHANNESBURG (Reuters) – South Africa’s Gold Fields Ltd said on Thursday its quarterly bullion production increased by 10 percent with a recovery in production at its South Deep mine after a six-week strike.

Gold production for the quarter ended March. 31 rose to 542,000 from 490,000 ounces a year earlier.

“Gold Fields is now well placed to maintain a production profile of approximately 2 million ounces a year at our international operations in Australia, Ghana and the Americas over the medium to long term,” Chief Executive Officer Nick Holland said in a statement.

Reporting by Tanisha Heiberg; editing by Jason Neely

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