JOHANNESBURG, October 12, 2012 /PRNewswire/ --
Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI)
today announced that attributable Group production for the
September 2012 quarter (Q3 2012) is
expected to be 810,000 gold equivalent ounces compared to 862,000
ounces in the June quarter (Q2 2012) and 900,000 ounces in the
corresponding quarter one year ago (Q3 2011).
The international regions had a solid quarter, contributing
424,000 (Q2 2012 - 425,000) attributable gold equivalent ounces,
despite the two-week closure of the heap leach facilities at the
Tarkwa Gold Mine in Ghana.
Noteworthy has been the recovery at the Agnew Gold Mine in
Australia, which contributed
48,000 (Q2 2012 - 37,000) ounces of gold.
The 386,000 (Q2 2012 - 437,000) ounces contribution by the South
Africa Region was negatively impacted by a loss of approximately
30,000 ounces as a result of the fire at the YaRona Shaft of the
KDC Gold Mine during the quarter, and a further approximately
35,000 ounces as a result of the unprotected strike action at KDC
and the Beatrix Gold Mine during the quarter.
Unit costs will be negatively impacted by the lower
production.
The on-going unlawful strike action in South Africa is of concern and will, even if
resolved in the near term, increase the likelihood of major
restructuring in the South African gold mining industry, including
at Gold Fields.
Gold Fields will release full results for Q3 2012 on Monday,
26 November 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 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
Investor Enquiries:
Willie Jacobsz
Senior Vice President
Head of Investor Relations and Corporate Affairs
USA Cell: +1-857-241-7127
RSA Cell: +27-82-971-9238
e-mail: willie.jacobsz@goldfields.co.za
Media Enquiries
Sven Lunsche
Vice President: Corporate Affairs
Cell: +27-83-260-9279
e-mail: sven.lunsche@goldfields.co.za
SOURCE Gold Fields Limited