Gold Fields Limited: Guidance for Financial Year Ended December
2012 and Q4 2012
JOHANNESBURG, Jan. 21, 2013 /CNW/ - Gold Fields Limited (Gold
Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced that
attributable Group production for the December 2012 quarter (Q4 2012) is expected to be
753,000 gold equivalent ounces compared to 811,000 ounces in the
September quarter (Q3 2012) and 883,000 ounces in the corresponding
2011 quarter (Q4 2011).
The international regions had an excellent quarter contributing
471,000 (Q3 2012 - 424,000 and Q4 2011 - 449,000) attributable gold
equivalent ounces with all of the international operations
achieving an improved performance quarter on quarter. In
particular, the Tarkwa Gold mine recorded a strong improvement from
the prior quarter with production of 187,800 ounces of gold (Q3
2012 - 169,400 ounces).
The South Africa Region, as
expected, contributed lower production of approximately 282,000
ounces compared to 386,000 ounces in Q3 2012. The lower production
was largely the result of approximately 110,000 ounces lost during
the quarter (Q3 2012 - 35,000 ounces) due to the on-going impact of
the prolonged and unprotected strikes at KDC and Beatrix, as
referred to in the Q3 results published on 28 November 2012. In total 145,000 ounces are
estimated to have been lost due to the strikes. Unit costs in the
South Africa Region were negatively impacted by the lower
production.
This quarter is the last time that Gold Fields will be reporting
on the KDC and Beatrix Gold Mines.
These mines are part of GFIMSA, which has been renamed Sibanye Gold
and will be listed separately on 11 February
2013.
Gold Fields will release full results for Q4 2012 on Thursday
14 February 2013.
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).
SOURCE Gold Fields Limited