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Wednesday, June 30, 2010

Gold Fields (NYSE:GFI) Gold Production at Upper End of Guidance

Although Gold Fields (NYSE:GFI) struggled some in New York today, with prices dropping $0.28, or 2.03%, the good news is their guidance for gold production for the fourth quarter is on the upper end of the estimate.

Production levels should come in a 895,000 ounces, as production was 13 percent higher than it was in the third quarter.

The company added that all their projects and regions were doing well for the quarter.

Earnings report for the fourth quarter is scheduled on August 5.

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