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Gold Fields production drops by 4percent in 2022

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Production for Goldfields Ghana dropped by four percent to 838,000 ounces (koz) in 2022 from 871, 000 (koz) in 2021, mainly driven by decreased production at the Damang Mine due to completion of the Damang pit cutback as well as lower production at Asanko. The company indicated that all-in costs across the three mines increased by 10 percent to US$1,220/oz in 2022 from US$1,112/oz in 2021. However, the mines produced adjusted free cash flow, excluding Asanko, of US$219million in 2022 compared to US$292million in 2021. Its interim Chief Executive Officer (CEO), Martin Preece, in a statement also noted that assets...
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