Gold Fields Improves Performance At South Deep

News: South African miner Gold Fields has announced that it has managed to enhance the performance of its only remaining South African mine, South Deep, according to CEO Nick Holland, reports Engineering News. The firm expects the transformation process to the new mechanised operating model to continue to gain momentum through Q214 and help reach greater stability and improved productivity during H214. The firm is targeting to produce between 650,000 ounces(oz) and 700,000oz annually from the South Deep mine by end 2017, at an all-in-cost of around USD900 per oz.

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Related sectors of this article: Mining
Geography: South Africa

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