[miningmx.com] — GOLD Fields posted a 3% rise in third quarter gold production on Wednesday, as the world’s fourth-largest gold miner overcame a strike that halted output for five days in July.
The miner said attributable group output for the July-September quarter rose to around 900,000 gold equivalent ounces, from 872,000 ounces in the previous quarter.
“The 3% improvement in production was achieved despite the interruption in production in July which occurred during the five day national industrial action over the wage negotiation process,” the company said in a statement.
South African gold miners reached a 2-year wage deal with unions in August, ending a strike by some 100,000 workers in the sector.
Gold Fields, which is due to report results for the quarter on Nov. 10, said in August that the full-year output target remained at between 3.5 million and 3.7 million ounces.
