By Sabela Ojea

 

Gold Fields Ltd. said Friday that it expects to significantly increase its first-half earnings per share as well as its headline and normalized earnings per share, amid higher gold sales.

The South African mining company said earnings per share for the period are anticipated to be in the range of 42 cents and 46 cents, up from 18 cents for the year-earlier period.

The company said its headline EPS is anticipated to be in the range of 43 cents and 47 cents, up from 20 cents, and that normalized EPS is expected to rise to between 47 cents and 51 cents from 37 cents.

Gold Fields said its performance benefited from higher gold prices as well as from more gold being sold.

The company said that attributable gold equivalent production for the period increased slightly.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

July 30, 2021 02:39 ET (06:39 GMT)

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