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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: long-gone who wrote (81489)2/4/2002 12:36:44 PM
From: goldsheet  Read Replies (2) | Respond to of 116957
 
My apologies for mentioning a specific company, but it is a
perfect example of how the weak rand has resulted in strong
earnings, reduced costs, and actually increased production !

Gold Fields Limited Reports Record Earnings

- Earnings tripled up from R203 to R640 million (US$24 million to US$67 million)
- Operating profit doubled up from R498 million to R1,064 million (US$59 million to US$110 million)
- Attributable gold output up 11% from 886,000 ounces to 984,000 ounces
- Cash costs down 16% from US$200/oz to US$169/oz

REF: biz.yahoo.com