JOHANNESBURG, April 8 /CNW/ - Gold Fields Limited (Gold Fields) (JSE,
NYSE, NASDAQ Dubai: GFI) today announced that attributable Group
production for the March quarter (Q1 2011) is expected to be
approximately 830,000oz, which is 5% higher than for the corresponding
quarter a year ago (793,000oz). As expected production is lower than
that achieved in the previous quarter (900,000 ounces), almost entirely
due to the customary Christmas break in South Africa, when all mines
close for two weeks.
The guidance of between 3.5 and 3.7 million ounces for the full year
2011, provided on 18 February 2011, takes account of the seasonal
decline in production in South Africa which typically affects the March
The higher year-on-year quarterly production is due to improvements at
both the South African and international operations.
Total cash costs and notional cash expenditure (NCE) are expected to be
approximately US$750/oz and US$1,090/oz respectively, and the NCE
margin for the Group is expected to be approximately 21%.
This guidance is based on exchange rates of ZAR/US$6.98 and A$/US$0.99
for Q1 2011.
The full results for Q1 2011 will be published on Thursday, 19 May 2011.
Notes to editors
About Gold Fields
Gold Fields is the world's fourth largest gold producer with
attributable production of 3.6 million gold equivalent ounces per annum
from nine 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 various stages of development. Gold Fields
has total attributable gold equivalent Mineral Reserves of 77 million
ounces and Mineral Resources of 225 million ounces. Gold Fields is
listed on the JSE Limited (primary listing), the New York Stock
Exchange (NYSE), the NASDAQ Dubai Limited, the Euronext in Brussels
(NYX) and the Swiss Exchange (SWX).
Sponsor: J.P. Morgan Equities Limited
SOURCE Gold Fields Limited
For further information:
Enquiries: 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, Sven Lunsche, Tel +27-11-562-9763, Mobile +27(0)83-260-9279, email Sven.Lunsche@goldfields.co.za