CAPITAL MARKETS

Strong rand expected to hit Gold Fields hardest

SOUTH Africa’s biggest gold miners are next week tipped to report lower profits for the September quarter because of the rising value of the rand and higher costs.

Tim Treadgold

Strong rand expected to hit Gold Fields hardest

Surveys of analysts in Johannesburg said the currency change had cut the price received per kilogram of gold from R86,000 in the June quarter to R83,000 in the September period. At the same time costs...

Start a free trial to continue reading this article

Already have an account? Sign in here

MORE ON THIS TOPIC

NEXT: Inco denies wrong doing in share trades
PREVIOUS: New Baosteel, Yongcheng colliery ramps up

MOST POPULAR

1

M&A

FTI backs Creasy's Calidus rescue bid

2

CAPITAL MARKETS

Executive Outcomes: Boss, Sandfire and more

3

CAPITAL MARKETS

Why are gold developers' shares still not reflecting higher commodity prices?

4

BARRY FITZGERALD

Vella's remake of IGO no easy task: Fitzy

RESEARCH

Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

THE ASPERMONT BRAND PORTFOLIO

Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902