JSE-listed Gold Fields expects to reach its two-million-ounce milestone for the first time this year, as its Damang project, in Ghana, increases production, as the Gruyere project, in Australia, enters production and the Asanko joint venture, in Ghana, contributes for the full year.
CEO Nick Holland stated in an operational update released on Thursday that the company had been focused on reinvesting into the business, with this year expected to be the inflection point as project capital decreases and the new projects start to contribute to the group’s output.