Guidance Update - Gold Fields Expects Improved Production and Costs for Q3 2013
JOHANNESBURG, Oct. 3, 2013 /CNW/ - Gold Fields Limited (Gold Fields) (JSE,
NYSE, NASDAQ Dubai: GFI) today announced that attributable Group production
for the September2013 quarter (Q3 2013) is expected to be 496,000
gold-equivalent ounces, which is 10% higher than the 451,000 achieved in the
June 2013 quarter (Q2 2013).
Cash costs are expected to be approximately US$780/oz, which is 9% lower than
the US$857/oz achieved in Q2, and notional cash expenditure (NCE) is
expected to be approximately US$1,080/oz, 13% lower than the US$1,239/oz
achieved in Q2.
Gold Fields is on track to achieve its full-year production guidance for 2013
of between 1,825,000 and 1,900,000 ounces, as well as its guidance for cash
cost and NCE of US$830/oz and US$1,240/oz respectively, as revised on 22
August, 2013. The original cash cost and NCE guidance for 2013 was US$860/oz
and US$1,360/oz respectively.
Gold Fields will release its full results for Q3 2013 on Wednesday, 20
Notes to editors
About Gold Fields
Gold Fields Limited is an unhedged, globally diversified producer of gold with
nine operating mines in Australia, Ghana, Peru and South Africa. In February
2013 Gold Fields unbundled its KDC and Beatrix mines in South Africa into an
independent and separately listed company, Sibanye Gold. In October 2013
Gold Fields acquired Barrick's Granny Smith, Lawlers and Darlot Gold Mines in
Western Australia. Gold Fields subsequently has attributable gold-equivalent
annual production of approximately 2.2 million ounces, Mineral Reserves of
approximately 60 million ounces and Mineral Resources of approximately 161
million ounces. Gold Fields has a primary listing on the JSE Limited, with
secondary listings on the New York Stock Exchange (NYSE), NASDAQ Dubai
Limited, Euronext in Brussels (NYX) and the Swiss Exchange (SWX).
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
SOURCE Gold Fields Limited
Investors Willie Jacobsz Mobile: +27-82-971-9238 (SA) Mobile:+1-857-241-7127
Media Sven Lunsche Tel: +27-11-562-9763 Mobile: +27-83-260-9279 email:
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CO: Gold Fields Limited
-0- Oct/03/2013 18:21 GMT
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