Gold Fields ADRs Decline 12% on Salares Norte Project, 2024 Guidance Updates
Provided by
Dow Jones
By Denny Jacob
American depositary receipts of Gold Fields decline 12% following an update to its Salares Norte project in Chile and revision to its 2024 financial guidance.
ADRs were trading at $13.95, and are down 4% on the year so far.
The gold miner company cut its production target for Salares Norte by 41%, leading to a 5% cut to group guidance along with a 5% increase to cost guidance for the year.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
June 13, 2024 11:57 ET (15:57 GMT)
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