Gold Fields CEO wants more time

Gold Fields shareholders getting impatient at the company’s failure to stem losses at the huge South Deep deposit in SA shouldn’t lose hope, said CEO Nick Holland.

Gold Fields said in August it was embarking on yet another turnaround plan at the operation, its only one left in SA.

South Deep’s disappointing performance has been a drag on the company for years and management was aware that investors are getting fed up, Holland said. – Bloomberg