JOHANNESBURG, July 11, 2013 /CNW/ - Gold Fields Limited (Gold Fields)
(JSE, NYSE, NASDAQ Dubai: GFI) today announced that attributable Group
production for the June 2013 quarter (Q2 2013) is expected to be
451,000 gold-equivalent ounces, with cash costs and notional cash
expenditure (NCE) of approximately US$860/oz and US$1,250/oz
Despite the 5% decline in production from Q1 2013 to Q2 2013, Gold
Fields remains on track to achieve its production guidance for 2013 of
between 1,825,000 and 1,900,000 ounces and cash cost and NCE of
US$860/oz and US$1,360/oz respectively.
The main cause of the approximately 25,000 ounce decline in production
during Q2 was the illegal strike at the Tarkwa and Damang mines in
Ghana which was previously reported and subsequently resolved.
Gold Fields will release its results for Q2 2013 on Thursday, 22 August
2013. With these results Gold Fields will start to report its costs in
accordance with the World Gold Council's Guidance Note on new metrics
for reporting on 'all-in sustaining costs' (AISC) and 'all-in costs'
(AIC), designed to offer greater clarity around the costs associated
with gold production. As a consequence the reporting of cash costs and
NCE will be phased out by the end of 2013.
Notes to editors
About Gold Fields
Gold Fields is a significant unhedged producer of gold with attributable
annualised production of approximately 2.0 million gold equivalent
ounces from six operating mines in Australia, Ghana, Peru and South
Africa. Gold Fields also has an extensive and diverse global growth
pipeline with four major projects at resource development or
feasibility level. Gold Fields has total managed gold-equivalent
Mineral Reserves of 64 million ounces and Mineral Resources of 155
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). In February
2013, Gold Fields unbundled its KDC and Beatrix mines in South Africa
into an independent and separately listed company, Sibanye Gold.
Sponsor: J.P. Morgan Equities Limited
SOURCE: Gold Fields Limited
For further information:
email : Sven.Lunsche@goldfields.co.za