Update: Gold Fields Returns To Profitability In The Second Quarter
Ben Kramer-Miller • Today, 5:27 AM
- Gold Fields earned $19 million in the second quarter after a $129 million loss in the second quarter last year despite falling gold prices and falling production.
- This shows that the company's cost cutting measures are working.
- This is in line with my investment thesis laid out last August.
- The company isn't out of the woods yet but it remains one of the least expensive gold majors and it has the potential to bring its production costs down further.