Gold Fields flags cost pressures as Iran war drives up input prices
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Gold Fields anticipates rising costs due to the Iran war affecting input prices, particularly diesel, which has surged by up to 70%. Despite these pressures, the company maintains its cost guidance, citing measures to contain expenses. Gold production increased by 15% in Q1 2026, with expectations of 2.4 to 2.6 million ounces for the year. Gold prices remain volatile, currently around $4,744 an ounce, down from a record high of $5,595 earlier this year.
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