Higher Threshold

摘要

Gold will need a higher price to sustain mine production, says Gold Fields CEO Nick Holland. Announcing lower net group March-quarter earnings of R2 082-million (268-million dollars), compared with higher December-quarter earnings of R2 605-million (336-million dollars), Holland puts the all-in cost of producing an ounce of gold at 1400 dollars and says the gold-mining industry will need prices higher than the current 1 500 dollars/oz to maintain output at 70-million to 75-million ounces a year.