JOHANNESBURG, Jan. 7 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today issued updated production guidance for Q2 F2010.
Attributable production for Q2 F2010 is expected to be approximately 900koz, which is 2.8% lower than the previous guidance of 925koz, provided on 29 October 2009. The lower production is mainly as a result of seismic related production stoppages experienced in South Africa. At the Driefontein mine in particular, seven days of production, or almost one third of the December production month, were lost due to a major seismic event which resulted in an extended search and rescue operation, as previously reported.
In line with the lower production, total cash costs and notional cash expenditure (NCE) for the Group are expected to be approximately US$615/oz and US$900 respectively, which is approximately 4% and 3% higher than guidance.
The full results for the Group will be published on Thursday, 4 February, 2010.
About Gold Fields
Gold Fields is one of the world's largest unhedged producers of gold with attributable production of 3.6 million ounces* per annum from nine operating mines in South Africa, Ghana, Australia and Peru. Gold Fields also has an extensive growth pipeline with both greenfields and near mine exploration projects at various stages of development. Gold Fields has total attributable Mineral Reserves of 81 million ounces and Mineral Resources of 271 million ounces. Gold Fields is listed on JSE Limited (primary listing), the New York Stock Exchange (NYSE), the Dubai International Financial Exchange (DIFX), the Euronext in Brussels (NYX) and the Swiss Exchange (SWX). For more information please visit the Gold Fields website at http://www.goldfields.co.za.
* Based on the annualised run rate for the fourth quarter of F2009
SOURCE Gold Fields Limited
For further information: For further information: Media and Investor Enquiries, Willie Jacobsz, Tel: +508-839-1188, Mobile: +857-241-7127, Email: Willie.Jacobsz@gfexpl.com; Nikki Catrakilis-Wagner, Tel: +27-11-562-9706, Mobile: +27-(0)83-309-6720, Email: Nikki.Catrakilis-Wagner@goldfields.co.za; Media Enquiries: Julian Gwillim, Tel: +27-11-562-9774, Mobile: +27-(0)82-452-4389, Email: Julian.Gwillim@goldfields.co.za