- Gold Fields released its Q1 results last week, reporting quarterly attributable production of ~541,000 gold-equivalent ounces at all-in sustaining costs of $1,078/oz.
- This was a slight increase in production year-over-year due to much higher production at Damang, offset by much lower production at Cerro Corona and Granny Smith.
- The highlight of the quarter was the news that Salares Norte continues to track ahead of schedule, sitting at over 23% project completion as of March.
- Given Gold Fields' strong organic growth profile and improving costs once Salares Norte comes online, I would view pullbacks below US$9.40 as low-risk buying opportunities.
For further details see:
Gold Fields: Tracking In Line With FY2021 Guidance