JOHANNESBURG, January 10, 2011 /PRNewswire-FirstCall/ -- Gold
Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) has
announced that attributable Group production for the December
quarter 2010 is expected to be approximately 900,000 oz, which is
similar to last quarter and in line with expectations.
Total cash costs are expected to be approximately US$730/oz and notional cash expenditure (NCE)
about US$1,100/oz. NCE is in line
with the higher capital expenditure planned, in particular the
switch from contractor to owner mining at Damang in Ghana. The guidance is based on an exchange
rate of US$6.92 and A$/US$0.98.
Gold Fields' quarterly results as well as results for the six
months ending December 2010 will be
released on Friday, 18 February 2011.
Gold Fields has changed its financial year-end from end-June to
end-December and guidance for the financial year ending
December 2011 will also be provided
on 18 February 2011.
Notes to editors
About Gold Fields
Gold Fields is one of the world's largest unhedged producers of
gold with attributable production of 3.5 million gold equivalent
ounces per annum from nine operating mines in South Africa, Ghana, Australia and Peru. Gold Fields also has an extensive growth
pipeline with both greenfields and nearmine exploration projects at
various stages of development. Gold Fields has total attributable
gold equivalent Mineral Reserves of 78 million ounces and Mineral
Resources of 281 million ounces. Gold Fields is listed on JSE
Limited (primary listing), the New York Stock Exchange (NYSE), the
NASDAQ Dubai Limited, the Euronext in Brussels (NYX) and the Swiss Exchange
(SIX).
Sponsor: J.P. Morgan Equities Limited
SOURCE Gold Fields Limited