Gold Fields Guidance Update for Q2 2012

JOHANNESBURG, July 4, 2012 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced that attributable Group production for the June 2012 quarter (Q2 2012) is expected to be 862,000 gold equivalent ounces, which is similar to the production for the corresponding quarter a year ago (Q2 2011: 872,000) and 4% higher than the March 2012 quarter (Q1 2012: 827,000).

Total cash costs and notional cash expenditure (NCE) for the quarter are expected to be approximately US$855/oz (R222,000/kg) and US$1,310/oz (R340,000/kg) respectively. This is in line with the annual guidance provided in February of US$860/oz (R220,000/kg) for cash cost and US$1,300/oz (R335,000/kg) for operational NCE and anticipated capital project expenditure of between US$40 per ounce and US$70 per ounce.

This guidance is based on exchange rates of ZAR/US$8.06 and A$/US$1.01 for Q2 2012.

Gold Fields will release full results for Q2 2012 on Thursday, 23 August 2012.

Notes to editors

About Gold Fields

Gold Fields is one of the world's largest unhedged producers of gold with attributable annualised production of 3.5 million gold equivalent ounces from eight operating mines in Australia, Ghana, Peru and South Africa. Gold Fields also has an extensive and diverse global growth pipeline with four major projects in resource development and feasibility, with construction decisions expected in the next 18 to 24 months. Gold Fields has total attributable gold equivalent Mineral Reserves of 80.6 million ounces and Mineral Resources of 217 million ounces. Gold Fields is listed on the JSE Limited (primary listing), the New York Stock Exchange (NYSE), NASDAQ Dubai Limited, Euronext in Brussels (NYX) and the Swiss Exchange (SWX).

Sponsor: J.P. Morgan Equities Limited

Investor Enquiries Willie Jacobsz Tel: +27-11-562-9775 Mobile: +27-82-971-9238 (SA) Mobile: +1-857-241-7127 (USA) Email: Willie.Jacobsz@goldfields.co.za    

Media Enquiries Sven Lunsche Tel: +27-11-562-9763 Mobile: +27-83-260-9279 Email: Sven.Lunsche@goldfields.co.za

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CO: Gold Fields Limited NI: MNG

-0- Jul/04/2012 16:51 GMT