By Ian Walker
LONDON--Gold Fields Ltd. (GFI.JO) said Tuesday it expects to
beat its original 2013 production guidance after reporting a 21%
rise in the fourth quarter, which includes a first-time
contribution from the Yilgarn South assets in western
Australia.
For the quarter ended Dec. 31, the company produced 598,000
gold-equivalent ounces, up from 496,000 ounces for the earlier
quarter ended Sept. 30. This takes 2013 production to 2.02 million
ounces, beating its expectations of 1.83 million to 1.9 million
ounces. The Yilgarn South asset contributed 114,000 ounces in the
fourth quarter.
Gold Fields added that total cash costs for 2013 were $810 per
ounce, compared with $860 per ounce originally guided.
Earnings for the fourth quarter and year are due to be reported
on Feb. 13.
-Write to Ian Walker at ian.walker@wsj.com
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