Gold Fields Q3 2014 Guidance Update
20 Oct, 2014, 13:41 ET
JOHANNESBURG, Oct. 20, 2014 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today published updated production guidance for the Group for the September 2014 quarter (Q3 2014).
Attributable gold equivalent production for the quarter is expected to be approximately 559,000 ounces at All-in Sustaining Costs (AISC) of US$1,074/oz and All-in Costs (AIC) of US$1,096/oz.
Gold Fields remains on track to achieve its production guidance for the full-year 2014, of approximately 2,200,000 ounces of gold equivalent production, as published on 13 February 2014.
Costs for the full year, however, is expected to be lower than the guidance published on 13 February 2014. AISC guidance for the full year is revised down to approximately US$1,090/oz (previously US$1,125/oz) and AIC guidance is revised down to approximately US$1,130/oz (previously US$1,150/oz).
Gold Fields will release its full results for Q3 2014 on Thursday, 20 November 2014.
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. In February 2013, Gold Fields unbundled its mature, underground KDC and Beatrix mines in South Africa into an independent and separately listed company, Sibanye Gold. In October 2013, it expanded its presence in Western Australia by acquiring the Granny Smith, Lawlers and Darlot mines (known as the Yilgarn South Assets) from Barrick Gold.
Gold Fields has attributable annual gold production of approximately 2.02 million ounces, as well as attributable Mineral Reserves of around 49 million ounces and Mineral Resources of about 113 million ounces. Attributable copper Mineral Reserves total 708 million pounds and Mineral Resources 7,120 million pounds. 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
For further information: Investors: Willie Jacobsz, Mobile: +27-82-971-9238 (SA), Mobile: +1-857-241-7127 (USA), email:[email protected]; Media: Sven Lunsche, Tel: +27-11-562-9763, Mobile: +27-83-260-9279, email :[email protected]
Share this article