Gold Fields Limited: Production In-Line; Costs Better Than Guidance

JOHANNESBURG, Jan. 27, 2016 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) Group attributable equivalent gold production for the 2015 financial year is expected to be 2.16Moz, which is within 1% of the original guidance (provided in February 2015) of 2.17Moz.

Unit cost are expected to be lower than the improved guidance (published in November 2015) with All-in Sustaining Costs (AISC) estimated at US$1,020/oz (guidance: US$1,035/oz) and All-in Costs (AIC) at US$1,035/oz (guidance: US$1,055/oz). The original guidance (February 2015) for AISC and AIC was US$1,055/oz and US$1,075/oz, respectively.

For Q4 2015, Group attributable equivalent gold production is expected to be 566.0koz (Q3 2015: 556.7koz), with AISC of US$940/oz (Q3 2015: US$948/oz) and AIC of US$950/oz (Q3 2015: US$961/oz).

Attributable equivalent gold production (koz) by mine expected for Q4 2015 is summarised in the table below.

		Q4 2015		Q3 2015
St Ives		100.4		83.6
Agnew/Lawlers		65.7		57.5
Granny Smith		72.4		82.1
Darlot		24.6		25.4
Total Australia		263.0		248.6
Tarkwa		130.2		134.4
Damang		38.6		40.0
Total Ghana		168.8		174.4
Cerro Corona		65.9		78.8
Total Peru		65.9		78.8
South Deep		68.1		54.9
Total South Africa		68.1		54.9
Total Group		566.0		556.7

Gold Fields' financial results for the quarter and year ended 31 December 2015 will be published on Thursday, 18 February 2016.

Notes to editors  

About Gold Fields 

Gold Fields Limited is an unhedged, globally diversified producer of gold with eight operating mines in Australia, Ghana, Peru and South Africa with attributable annual gold production of approximately 2.2 million ounces. It has attributable Mineral Reserves of around 48 million ounces and Mineral Resources of around 108 million ounces. Attributable copper Mineral Reserves total 620 million pounds and Mineral Resources 6,873 million pounds. Gold Fields has a primary listing on the JSE Limited, with secondary listings on the New York Stock Exchange (NYSE) and the Swiss Exchange (SWX).

Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd

SOURCE Gold Fields Limited, South Africa

Investors: Avishkar Nagaser, Tel: [phone], Mobile: [phone], Email: [email protected]; Willie Jacobsz, Tel: [phone], Mobile: [phone], Email: [email protected]; Media: Sven Lunsche, Tel: [phone], Mobile: [phone], Email: [email protected]