Gold Fields: Gold Production And Prices Expected To Improve - Near-Term Chance For A Dip
- Hold your position in Gold Fields: The gold price outlook is promising and the company's production and costs will improve.
- Operational setbacks in H1 2024 impacted production and costs, but improvements are expected in H2 2024, including a new project in Chile.
- GFI's balance sheet remains robust despite lower-than-expected first-half results, as evidenced by favourable solvency ratios.
- Take advantage of price dips to increase holdings, as GFI is well-positioned for growth with rising gold prices and operational improvements.
- In the longer term, the company aims for another low-cost mid-tier production in Canada.
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A “Hold” Rating for Gold Fields Limited
This analysis recommends that the investor continue to “Hold” his position in Gold Fields Limited (NYSE:GFI), a South African gold producer that has assets not only onshore but also in South America (Chile
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