South Africa’s income from gold mining increased by 19%
2023.02.23 02:12
South Africa’s income from gold mining increased by 19%
By Kristina Sobol
Budrigannews.com – The Gold Fields of South Africa (NYSE:) benefited from a $202 million break fee from its unsuccessful attempt to acquire Canada’s Yamana, resulting in a 19% increase in annual profit on Thursday.
Gold Fields’ title profit per share (HEPS) – the benefit measure normally utilized in South Africa – was $1.19 in the year finished December 2022, contrasted and $1.00 the earlier year.
The miner, which has facilities in South Africa, Australia, Ghana, Peru, and Chile, stated that it produced 2.4 million ounces of gold in 2022. This figure is higher than its revised guidance of 2.31 million to 2.36 million ounces, which was up 3% from the previous year.
A final dividend of 4.45 rand ($0.2443) per share was declared by Gold Fields, bringing the total payout for 2022 to 7.45 rand.
