JOHANNESBURG, Feb. 10, 2021 /PRNewswire/ -- Gold Fields Limited
(Gold Fields) (JSE: GFI) (NYSE: GFI) advises that headline earnings
per share for the 12 months ended 31
December 2020 (FY 2020) are expected to range from
US$0.81-0.85 per share, 305-325%
(US$0.61-0.65 per share) higher than
the headline earnings of US$0.20 per
share reported for the 12 months ended 31
December 2019 (FY 2019).
Basic earnings per share for FY 2020 are expected to range from
US$0.80-0.84 per share, 300-320%
(US$0.60-0.64 per share) higher
than the basic earnings of US$0.20
per share reported for FY 2019.
Normalised earnings per share for FY 2020 are expected to range
from US$0.98-1.02 per share, 133-143%
(US$0.56-0.60 per share) higher than
the normalised earnings of US$0.42
per share reported for FY 2019.
The increase in basic and headline earnings is driven by
slightly higher production and higher gold prices received, despite
the hedges that were in place during 2020.
Strong end to 2020
For Q4 2020, attributable gold equivalent production is expected
to be 593koz (Q3 2020: 557koz), with All-in costs (AIC) for the
quarter expected to be US$1,113/oz
(Q3 2020: US$1,070/oz). All-in
sustaining costs (AISC) are expected to be US$971/oz (Q3 2020: US$964/oz).
Attributable gold equivalent production for 2020 is expected to
be 2,236koz, a 2% increase YoY (FY 2019: 2,195koz), within the
revised guidance range of 2,200 - 2,250koz. Original guidance of
2.275Moz – 2.315Moz was revised in May
2020 to account for the impact of Covid-19 on the
operations, mainly at South Deep and Cerro
Corona.
AIC for 2020 is expected to be US$1,079/oz, marginally higher than 2019 (FY
2019: US$1,064/oz) and within the
revised guidance range of US$1,070/oz
- US$1,090/oz. AISC for the year is
expected to be US$977/oz (FY 2019:
US$897/oz), again within the revised
guidance range of between US$960/oz
and US$980/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 expects to release FY 2020 financial results on
Thursday, 18 February 2021.
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
Notes to editors
About Gold Fields
Gold Fields is a globally diversified gold producer with nine
operating mines in Australia,
Peru, South Africa and West Africa (including the Asanko JV), as well
as one project in Chile. We have
total attributable annual gold-equivalent production of 2.2Moz,
attributable gold-equivalent Mineral Reserves of 51.3Moz and
Mineral Resources of 115.7Moz. Our shares are listed on the
Johannesburg Stock Exchange (JSE) and our American depositary
shares trade on the New York Stock Exchange (NYSE).
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SOURCE Gold Fields Limited