Gold Fields Limited shares are trading lower after the company revised its 2024 group production guidance down due to the impact of weather events on the Salares Norte project.
Portfolio Pulse from Benzinga Newsdesk
Gold Fields Limited shares are trading lower after the company revised its 2024 group production guidance down due to the impact of weather events on the Salares Norte project.
June 13, 2024 | 2:01 pm
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Gold Fields Limited has revised its 2024 group production guidance downwards due to adverse weather conditions affecting the Salares Norte project, leading to a decline in its share price.
The downward revision of production guidance is a significant negative development for Gold Fields Limited, as it directly impacts future revenue expectations. The adverse weather conditions affecting the Salares Norte project have led to this revision, causing investor concern and a subsequent drop in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100