Gold Fields Benefits from 24-Karat Prices in First-Quarter 2012, Sees African, South American Investments Grow
SUGAR LAND--May 18, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Gold Fields Limited (NYSE:GFI) (Johannesburg, South Africa), one of the world's leading gold producers, reported solid gains in revenues and profits for the first quarter of 2012. The company attributed the gains to strong gold prices and tight cost controls, which offset the effects of an overall reduction in attributable equivalent gold. Net earnings were reported to be $267.8 million, compared with $157.7 million in first-quarter 2011.
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