JOHANNESBURG, January 18, 2012 /PRNewswire/ --
Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI)
has announced that attributable Group production for the financial
year ended December 2011 (FY 2011) is
expected to be 3.49 million gold equivalent ounces.
Total cash cost for FY 2011 is expected to be approximately
US$800/oz (R185,000/kg) and notional
cash expenditure (NCE) approximately US$1,180/oz (R275,000/kg), both of which are
lower than the guidance given on 10 November
2011 for total cash costs of US$810/oz (R187,000/kg) and NCE of US$1,200/oz (R277,000/kg).
Group attributable production for the December quarter (Q4 2011)
is expected to be 883,000 gold equivalent ounces, which is 1.9%
lower than the previous quarter (Q3 2011: 900,000 gold equivalent
ounces). The lower production for Q4 2011 is as a result of
production disruptions in Ghana
due to power outages and a slower milling rate at Tarkwa, due to
harder material associated with a change in the blend of material
fed to the plant. In the South
Africa region production was impacted by stop and fix
interventions at Beatrix and a lower underground grade at South
Deep due to changes in the mining mix needed to increase
flexibility. Gold equivalent production at Cerro Corona, in
Peru, was adversely impacted by
the lower copper price relative to the gold price in Q4 2011.
Costs during the quarter were well contained with total cash
cost expected to be approximately US$770/oz (R200,000/kg) and NCE approximately
US$1,210/oz (R315,000/kg).
Gold Fields' quarterly results as well as results for the
financial year ended December 2011
will be released on Friday, 17 February
2012.
Notes to editors
About Gold Fields
Gold Fields is one of the world's largest unhedged producers of
gold with attributable annualised production of 3.5 million gold
equivalent ounces from eight operating mines in Australia, Ghana, Peru
and South Africa. Gold Fields also
has an extensive and diverse global growth pipeline with four major
projects in resource development and feasibility, with construction
decisions expected in the next 18 to 24 months. Gold Fields
has total attributable gold equivalent Mineral Reserves of 76.7
million ounces and Mineral Resources of 225.4 million ounces. Gold
Fields is listed on the JSE Limited (primary listing), the New York
Stock Exchange (NYSE), NASDAQ Dubai Limited, Euronext in
Brussels (NYX) and the Swiss
Exchange (SWX).
Sponsor: J.P. Morgan Equities
Limited
Gold Fields Limited
Reg. 1968/004880/06
150 Helen Road,
Sandown, Sandton,
2196
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel: +27-11-562-9700
Fax : +27-11-562-9838
http://www.goldfields.co.za
Enquiries
Investor Enquiries
Zakira Amra
Tel: +27-11-562-9775
Mobile: +27-79-694-0267
Email: Zakira.Amra@goldfields.co.za
Willie Jacobsz
Tel: +1-508-839-1188
Mobile: +1-857-241-7127
Email: Willie.Jacobsz@gfexpl.com
Media Enquiries
Sven Lunsche
Tel: +27-11-562-9763
Mobile: +27-83-260-9279
Email: Sven.Lunsche@goldfields.co.za
SOURCE Gold Fields Limited