JOHANNESBURG, July 11, 2013 /CNW/ - Gold Fields Limited (Gold
Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced that
attributable Group production for the June
2013 quarter (Q2 2013) is expected to be 451,000
gold-equivalent ounces, with cash costs and notional cash
expenditure (NCE) of approximately US$860/oz and US$1,250/oz respectively.
Despite the 5% decline in production from Q1 2013 to Q2 2013,
Gold Fields remains on track to achieve its production guidance for
2013 of between 1,825,000 and 1,900,000 ounces and cash cost and
NCE of US$860/oz and US$1,360/oz respectively.
The main cause of the approximately 25,000 ounce decline in
production during Q2 was the illegal strike at the Tarkwa and
Damang mines in Ghana which was
previously reported and subsequently resolved.
Gold Fields will release its results for Q2 2013 on Thursday,
22 August 2013. With these results
Gold Fields will start to report its costs in accordance with the
World Gold Council's Guidance Note on new metrics for reporting on
'all-in sustaining costs' (AISC) and 'all-in costs' (AIC), designed
to offer greater clarity around the costs associated with gold
production. As a consequence the reporting of cash costs and NCE
will be phased out by the end of 2013.
Notes to editors
About Gold Fields
Gold Fields is a significant unhedged producer of gold with
attributable annualised production of approximately 2.0 million
gold equivalent ounces from six operating mines in Australia, Ghana, Peru
and South Africa. Gold Fields also
has an extensive and diverse global growth pipeline with four major
projects at resource development or feasibility level. Gold Fields
has total managed gold-equivalent Mineral Reserves of 64 million
ounces and Mineral Resources of 155 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).
In February 2013, Gold Fields
unbundled its KDC and Beatrix mines in South Africa into an independent and
separately listed company, Sibanye Gold.
Sponsor: J.P. Morgan Equities Limited
SOURCE Gold Fields Limited