JOHANNESBURG, July 30, 2021 /PRNewswire/ -- Gold Fields Limited
(Gold Fields) (JSE: GFI) (NYSE: GFI) advises that basic
earnings per share for the six months ended 30 June 2021 (H1 2021) are expected to be between
US¢42-46 per share, an increase of 133-156% (US¢24-28 per share)
from the basic earnings of US¢18 per share reported for the six
months ended 30 June 2020 (H1
Headline earnings per share (HEPS) for H1 2021 are expected to
be US¢43-47 per share, 115-135% (US¢23-27 per share) higher than
the US¢20 per share reported for H1 2020.
Normalised earnings for H1 2021 are expected to be US¢47-51 per
share, 27-38% (US¢10-14 per share) higher than the US¢37 per share
reported for H1 2020.
The increase in earnings for the period is driven largely by an
increase in revenue (both higher gold price received and increase
in gold sold); a reduction in the loss on financial instruments;
partially offset by higher net operating costs and higher tax.
Attributable gold equivalent production for the six months ended
30 June 2021 increased marginally YoY
to 1,104koz (H1 2020: 1,087koz).
All-in sustaining costs (AISC) for the Group for H1 2021 are
US$1,093/oz, compared to US$987/oz in H1 2020, an increase of 11% YoY,
driven by an increase in net operating costs.
All-in costs (AIC) for H1 2021 are 20% higher YoY at
US$1,274/oz (H1 2020: US$1,065/oz) as project capital ramped up at the
Salares Norte project in Chile.
For Q2 2021, attributable group gold-equivalent production was
563koz (Q1 2021: 541koz), with AISC of US$1,107/oz (Q1 2021: US$1,078/oz) and AIC of US$1,297/oz (Q1 2021: US$1,249/oz).
The financial information on which this trading statement is
based has not been reviewed, and reported on, by the Company's
Gold Fields is expected to release H1 2021 financial results on
Thursday, 19 August 2021.
Tel: +27 11 562-9775
Mobile: +27 82 312 8692
Email : Avishkar.Nagaser@goldfields.com
Tel: +27 11 562 9849
Mobile: +27 72 493 5170
Tel: +27 11 562-9763
Mobile: +27 83 260 9279
Email : Sven.Lunsche@goldfields.com
Notes to editors
About Gold Fields
Gold Fields Limited is a globally diversified gold producer with
nine operating mines and one project in Australia, Chile, Ghana
(including our Asanko Joint Venture), Peru and South
Africa, with total attributable annual gold-equivalent
production of 2.24Moz. It has attributable gold-equivalent Mineral
Reserves of 52.1Moz and gold Mineral Resources of 116.0Moz. Gold
Fields has a primary listing on the Johannesburg Stock Exchange
(JSE) Limited, and an additional listing on the New York Stock
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
SOURCE Gold Fields Limited