Gold Fields expects lower H1 earnings; sets $30m aside for lung disease claims

Stronger exchange rates on converting local currency costs to dollar, an increase in amortisation and a financial provision to potentially settle silicosis claims will result in an up to 50% year-on-year decrease in JSE- and NYSE-listed Gold Fields’s earnings per share (EPS) and headline earnings per share (HEPS) for the six months to June 30. The gold miner on Thursday warned that its EPS are expected to be between 43% and 57% lower than the $0.14 reported in the first half of 2016.