Gold Fields, one of the world’s largest producers of the precious metal, on Thursday reported annual headline earnings of $1.06bn, an increase of 19% year on year, bolstered by a $300m termination fee received after a failed acquisition.
The ill-fated transaction with Yamana Gold, which Gold Fields had hoped would further diversify its production profile, led to the resignation of CEO Chris Griffith in late 2002, and saw the Canadian target bought by Pan American and Agnico Eagle...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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