JOHANNESBURG, July 19, 2016 /PRNewswire/ --
Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) advises that
earnings per share (EPS) for the six months ended 30 June 2016 (H1 2016) are expected to be 1,400%
(US$0.14) higher than the
US$0.00 per share reported for the
six months ended 30 June 2015 (H1
2015), at US$0.14 per share. Headline
earnings per share (HEPS) for H1 2016 are expected to be 1,500%
(US$0.15) higher than the
US$0.01 per share reported for H1
2015, at US$0.16 per share.
In addition, normalised earnings for the period are expected to
be 1,200% (US$0.12) higher than the
US$0.01 per share reported for H1
2015 at US$0.13 per share.
The increases in EPS, HEPS and normalised earnings are primarily
driven by an increase in the US$ gold price (3% YoY) and lower net
operating costs in local currencies as well as the impact of
converting these costs at weaker exchange rates. In H1 2016, the A$
was 5% weaker YoY and the rand was 29% weaker YoY, against the
US$.
Attributable gold equivalent production for Q2 2016 is expected
to be 529koz (Q1 2016: 515koz), with all-in sustaining costs (AISC)
of US$1,023/oz (Q1 2016: US$961/oz) and all-in costs (AIC) of US$1,061/oz (Q1 2016: US$986/oz).
For H1 2016, attributable gold equivalent production is expected
to be 1,044koz (H1 2015: 1,036koz), with AISC of US$992/oz (H1 2015: US$1,083/oz) and AIC of US$1,024/oz (H1 2015: US$1,108/oz).
The forecast financial information on which this trading
statement is based has not been reviewed, and reported on, by the
Company's external auditors.
Gold Fields will release H1 2016 financial results on Thursday,
18 August 2016.
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 with attributable
annual gold production of approximately 2.0 million ounces. It has
attributable Mineral Reserves of around 46 million ounces and
Mineral Resources of around 102 million ounces. Attributable copper
Mineral Reserves total 532 million pounds and Mineral Resources
5,912 million pounds. Gold Fields has a primary listing on the JSE
Limited, with secondary listings on the New York Stock Exchange
(NYSE) and the Swiss Exchange (SWX).
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
Enquiries
Investors
Avishkar Nagaser
Tel: +27-11-562-9775
Mobile: +27-82-312-8692
Email: Avishkar.Nagaser@goldfields.co.za
Thomas Mengel
Tel: +27-11-562-9849
Mobile: +27-82-315-2832
Email: Thomas.Mengel@goldfields.co.za
Media
Sven Lunsche
Tel: +27-11-562-9763
Mobile: +27-83-260-9279
Email: Sven.Lunsche@goldfields.co.za
SOURCE Gold Fields Limited, South
Africa