Presenting on the company’s financial results for the six months ended June 30, NYSE- and JSE-listed Gold Fields CEO Nick Holland said the strong gold price, spotting between $1 400/oz and $1 450/oz during the period, has helped the company positively turn its cash flow position around.
The company generated cash flow of $49-million, compared with a net cash outflow of $79-million in the first half of last year, owing to two years of reinvestment or project development.