Gold Fields (GFIJ.J), opens new tab on Thursday lowered its annual gold production forecast after bad weather impacted the ramp-up at its new Salares Norte mine in Chile, sending its shares down 8%. The South African miner lowered its calendar 2024 gold output forecast to 2.2–2.3 million ounces from 2.33-2.43 million. This was mainly due to lower expected output from Salares Norte, which is now seen at 90,000-180,000 ounces versus a previous forecast of 220,000-240,000 ounces.
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