JOHANNESBURG, April 16, 2012 /PRNewswire/ --
Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI)
today announced that attributable Group production for the
March 2012 quarter (Q1 2012) is
expected to be 827,000 gold equivalent ounces which is similar to
the production from the corresponding quarter a year ago (Q1 2011:
830,000 gold equivalent ounces) and taking into account seasonal
variances underpins the 2012 full year production guidance of
3.5Moz to 3.7Moz.
Total cash costs and notional cash expenditure (NCE) for the
quarter are expected to be approximately US$875/oz (R218,000/kg) and US$1,285/oz (R320,000/kg) respectively. Gold
Fields NCE for Q1 2012 compares favorably with the average NCE for
the peer group[1] of US$1,281/oz for CY 2011.
This guidance is based on exchange rates of ZAR/US$7.77 and A$/US$1.05 for Q1 2012.
Gold Fields will release full results for Q1 2012 on Thursday,
17 May 2012.
- Source: J.P. Morgan estimates. The NCE average for the peer
group is calculated as a simple average and is not production
weighted. Note: NCE = Operating costs excluding royalties plus
capital expenditure expressed per ounce of gold produced. Newmont
does not report royalty costs separately. Royalty costs are J.P.
Morgan estimates and actuals could differ. The peer group includes:
AngloGold Ashanti, Gold Fields, Kinross; Newmont, Barrick Gold, Harmony; GoldCorp and
Newcrest
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 80.6
million ounces and Mineral Resources of 217 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
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