By Denny Jacob
American depositary receipts of Gold Fields decline 12% following an update to its Salares Norte project in Chile and revision to its 2024 financial guidance.
ADRs were trading at $13.95, and are down 4% on the year so far.
The gold miner company cut its production target for Salares Norte by 41%, leading to a 5% cut to group guidance along with a 5% increase to cost guidance for the year.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
06-13-24 1157ET