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Gold Fields has announced that the gold output at its operations in South Africa dropped 11% in the third quarter due to wildcat strikes and a fire at one of its mines.
It says production from the South Africa region declined by 11%, from 437 000 ounces in the June quarter to 387 000 ounces in the September quarter.
The decrease includes approximately 30 000 ounces as a result of the fire at Ya Rona shaft and approximately 35 000 ounces as a result of the illegal strike action at KDC mine.
The impact of the strikes is likely to be felt more in the final quarter as the bulk of the work stoppages occurred in October.
The company estimates that it will see a total production loss of around 145 000 ounces due to industrial actions in the second half of the year, resulting in a revenue loss of R2.1b.
