Gold Fields Limited: Production In-Line; Costs Better Than Guidance

Jan 27, 2016, 04:04 ET from Gold Fields Limited, South Africa

JOHANNESBURG, January 27, 2016 /PRNewswire/ --

Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) Group attributable equivalent gold production for the 2015 financial year is expected to be 2.16Moz, which is within 1% of the original guidance (provided in February 2015) of 2.17Moz.

Unit cost are expected to be lower than the improved guidance (published in November 2015) with All-in Sustaining Costs (AISC) estimated at US$1,020/oz (guidance: US$1,035/oz) and All-in Costs (AIC) at US$1,035/oz (guidance: US$1,055/oz). The original guidance (February 2015) for AISC and AIC was US$1,055/oz and US$1,075/oz, respectively.

For Q4 2015, Group attributable equivalent gold production is expected to be 566.0koz (Q3 2015: 556.7koz), with AISC of US$940/oz (Q3 2015: US$948/oz) and AIC of US$950/oz (Q3 2015: US$961/oz).

Attributable equivalent gold production (koz) by mine expected for Q4 2015 is summarised in the table below.


   
                            Q4 2015         Q3 2015

     St Ives                 100.4            83.6
     Agnew/Lawlers            65.7            57.5
     Granny Smith             72.4            82.1
     Darlot                   24.6            25.4
     Total Australia         263.0           248.6

     Tarkwa                  130.2           134.4
     Damang                   38.6            40.0
     Total Ghana             168.8           174.4

     Cerro Corona             65.9            78.8
     Total Peru               65.9            78.8

     South Deep               68.1            54.9
     Total South Africa       68.1            54.9

     Total Group             566.0           556.7

Gold Fields' financial results for the quarter and year ended 31 December 2015 will be published on Thursday, 18 February 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 2.2 million ounces. It has attributable Mineral Reserves of around 48 million ounces and Mineral Resources of around 108 million ounces. Attributable copper Mineral Reserves total 620 million pounds and Mineral Resources 6,873 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

Willie Jacobsz Tel:  +1 617 535 7545 Mobile:  +1 857 241 7127 Email:  Willie.Jacobsz@gfexpl.com 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