Gold Fields repays another $52 million of debt in June quarter

By Toni Weeks

San Luis Obispo, Calif., Aug. 21 – Gold Fields Ltd. said that it reduced its net debt during the June 2014 quarter by another $52 million to $1,635,000,000, according to a press release.

The company said it also repaid $49 million of debt in the March quarter, for a total of $101 million of debt repaid over the two quarters.

The repayments were part of Gold Fields’ strategic objective to further improve the strength of its balance sheets, as was the extension of the maturity of commitments totaling $715 million by two years to November 2017, which the company obtained in June.

Gold Fields is a Johannesburg-based gold mining company.

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