Gold Fields Turns To Loss In Q2 - Quick Facts

(RTTNews) - Gold Fields Limited (GFI) reported second-quarter 2013 net loss from continuing operations of $129 million, or $0.18 per share, versus a profit of $105 million, or $0.15 per share, as restated, in the June 2012 quarter.

For the quarter, headline loss from continuing operations amounted to $84.2 million, or $0.12 per share, and normalised loss totaled $36 million, or $0.05 per share.

Quarterly revenue slid 23 percent year-over-year to $637 million, from $823 million, and the average gold price decreased by 13 percent from $1,582 per ounce for the June 2012 quarter to $1,372 per ounce for the latest quarter.