JOHANNESBURG, Jan. 16, 2015 /CNW/ - Gold Fields Limited (Gold
Fields) (JSE, NYSE, NASDAQ Dubai: GFI) is pleased to provide
updated production and cost guidance for the Group for the
December 2014 quarter (Q4 2014) and
the full year 2014 (FY14). Encouragingly, both All-in Sustaining
Costs (AISC) and All-in Costs (AIC) for the year are expected to be
better than previous guidance.
Attributable gold equivalent production for Q4 2014 is expected
to be approximately 556,000 ounces (3Q 2014: 559,000 ounces) at
AISC of US$1,030/oz (3Q 2014:
US$1,074/oz) and AIC of US$1,055/oz (3Q 2014: US$1,096/oz).
For FY14, attributable gold equivalent production is expected to
be approximately 2.22 million ounces, with AISC of US$1,060/oz and AIC of US$1,095/oz.
The production expected for 2014 is slightly better than the
original guidance of 2.20 million ounces.
The AISC expected for 2014 is approximately 6% better that the
original guidance of US$1,125/oz,
provided on 13 February 2014, and 3%
better than the revised guidance of US$1,090/oz provided on 20
October 2014.
Similarly, the expected AIC for FY14 is approximately 5% better
than the original guidance of US$
1,150/oz, and 3% better than the revised guidance of
US$1,130/oz.
Gold Fields' full results for the quarter and year ended
31 December 2014 will be published on
Thursday, 12 February 2015.
Notes to editors
About Gold Fields
Gold Fields Limited is an unhedged, globally diversified
producer of gold with eight operating mines in Australia, Ghana, Peru
and South Africa. In February 2013, Gold Fields unbundled its mature,
underground KDC and Beatrix mines in South Africa into an independent and
separately listed company, Sibanye Gold. In October 2013, it expanded its presence in
Western Australia by acquiring the
Granny Smith, Lawlers and Darlot mines (known as the Yilgarn South
Assets) from Barrick
Gold.
Gold Fields has attributable annual gold production of
approximately 2.02 million ounces, as well as attributable Mineral
Reserves of around 49 million ounces and Mineral Resources
of about 113 million ounces. Attributable copper Mineral Reserves
total 708 million pounds and Mineral Resources 7,120 million
pounds. Gold Fields has a primary listing on the JSE Limited, with
secondary listings on the New York Stock Exchange (NYSE), NASDAQ
Dubai Limited, Euronext in Brussels (NYX) and the Swiss Exchange
(SWX).
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
SOURCE Gold Fields Limited, South
Africa