JOHANNESBURG, February 3, 2017 /PRNewswire/ --
Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) advises that
earnings per share (EPS) for the twelve months ended 31 December 2016 (FY 2016) are expected to be
between 160% and 170% (US$0.49 to
US$0.52) higher than the loss per share of US$0.31 reported for the twelve months ended
31 December 2015 (FY 2015), at a
range between US$0.18 and
US$0.21.
Headline earnings per share (HEPS) for FY 2016 are expected to
be between 730% and 780% (US$0.29 to
US$0.31) higher than the headline loss per share of
US$0.04 reported for FY 2015, at a
range between US$0.25 and
US$0.27.
In addition, normalised earnings per share for the period are
expected to be between 280% and 320% (US$0.17 to US$0.19) higher than the normalised
earnings per share of US$0.06
reported for FY 2015, at a range between US$0.23 and US$0.25.
The increases in EPS, HEPS and normalised earnings are primarily
driven by an increase in the US$ gold price (8% YoY) and lower net
operating costs in local currencies as well as the impact of
converting these costs at weaker exchange rates. In addition, EPS
is impacted by lower non-recurring items. In FY 2016, the A$ was 1%
weaker YoY and the rand was 13% weaker YoY, against the US$.
For FY 2016, attributable gold equivalent production is expected
to be 2,146koz (FY 2015: 2,159koz), with all-in sustaining costs
(AISC) of US$980/oz (FY 2015:
US$1,007/oz) and all-in costs (AIC)
of US$1,006/oz (FY 2015: US$1,026/oz). This compares to revised guidance
of 2,100koz - 2,150koz at AISC of US$1,000/oz - US$1,010/oz and AIC of US$1,035/oz - US$1,045/oz.
Attributable gold equivalent production for Q4 2016 is expected
to be 566koz (Q3 2016: 537koz), with AISC of US$911/oz (Q3 2016: US$1,026/oz) and AIC of US$941/oz (Q3 2016: US$1,038/oz)
The 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 FY 2016 financial results on Thursday,
16 February 2017.
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.com
Thomas Mengel
Tel: +27-11-562-9849
Mobile: +27-72-493-5170
Email: Thomas.Mengel@goldfields.com
Media
Sven Lunsche
Tel: +27-11-562-9763
Mobile: +27-83-260-9279
Email: Sven.Lunsche@goldfields.com
SOURCE Gold Fields Limited