“Gold Fields Ltd. (GFI), the world’s fourth-largest producer of the metal, said third-quarter profit fell 11 percent as strikes and a fire cut output in its core mining region of South Africa.
“You’ve gone through a strike that’s cost you 2 billion rand ($230 million) in revenue, we’ve lost 145,000 ounces of production, it’s worsened our financial position, and some of those areas that we didn’t mine for a while we’re still trying to build back up, so it’s a big headwind,” Chief Executive Officer Nick Holland said in an interview today at Bloomberg’s office in Johannesburg.”
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