Gold Fields says it ended 2020 with a strong rise in production, expecting full-year headline earnings per share to more than quadruple as it reaped the benefit of record precious metal prices.
Full-year production was expected to rise 2% to 2.236-million ounces, which was within its revised guidance. That guidance had been revised downwards by about 3% in May, due to the effect of Covid-19 on its operations. Gold Fields had reported headline earnings, which strips out certain one-off items, of $163m in its 2019 year, and the number of its shares in issue has since risen more than 5%.