Gold Fields Updates Operational Guidance for Q2 F2008.
December 20 2007 - 8:49AM
PR Newswire (US)
JOHANNESBURG, December 20 /PRNewswire-FirstCall/ -- Gold Fields
Limited ("Gold Fields") (NYSE:GFINYSE:JSE:GFINYSE:DIFX:GFI) today
published an updated operational guidance statement for Q2 F2008.
Overall attributable production* for Q2 F2008 is expected to be
down approximately 3.5% compared to that reported for Q1 F2008 and
group total cash costs is expected to increase by approximately 8%
in US$ terms and 3% in Rand terms. Production from the South
African mines is expected to be down by approximately 7% against
the production achieved for Q1 F2008, largely as a result of a
variety of safety related events including accidents, work
stoppages and suspensions of operations ordered by the Department
of Minerals and Energy. Attributable production from the
International mines, excluding Choco 10, is expected to increase by
approximately 1.5%. Gold Fields will publish its results for Q2
F2008 on Thursday, 31 January 2008. *Choco 10, which was sold early
in the quarter, will be accounted for as a discontinued operation,
and is excluded from all comparisons. Gold Fields Limited is one of
the world's largest unhedged producers of gold with attributable
production of more than four million ounces per annum, total
attributable ore reserves of 92 million ounces and mineral
resources of 252 million ounces. The Group employs some 47,000
permanent employees across its operations and is listed on the JSE
Limited South Africa (primary listing), the New York Stock Exchange
(NYSE) and the Dubai International Financial Exchange (DIFX).
http://www.goldfields.co.za/ DATASOURCE: Gold Fields Limited
CONTACT: ENQUIRIES: Willie Jacobsz +27-82-493-1377,
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