Business Context and Reporting Period
This Form 6-K filing by Gold Fields Limited covers the month of June 2007. The report specifically addresses a labor dispute at the Choco 10 Gold Mine in Venezuela, which commenced on June 6, 2007, and concluded on June 22, 2007, with employees returning to work.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity figures for the period. The only quantitative metric disclosed relates to production volume adjustments due to the strike.
Material Changes
- Production Volume: Due to the strike at the Choco 10 mine, quarterly production is expected to decrease from the previously advised 8,000 ounces to approximately 5,800 ounces.
- Operational Status: Operations at the Choco 10 mine have resumed following the end of the strike.
Outlook and Management Commentary
Management confirmed the resolution of the strike and the return of employees to work. The primary impact noted is the reduction in expected quarterly production output. No specific financial guidance, risk factors beyond the strike impact, or unusual items were detailed in this specific announcement.
Investor Verification Points
- Verify the final actual production figures for the quarter to confirm the 5,800-ounce estimate.
- Assess the financial impact of the production shortfall on quarterly earnings once full results are released.
- Monitor for any future labor unrest at the Choco 10 mine or other Gold Fields operations.