Gold Fields Guidance for June 2011 Quarter
05 Jul, 2011, 05:38 ET
JOHANNESBURG, July 5, 2011 /PRNewswire/ --
Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced that attributable Group production for the June quarter (Q2 2011) is expected to be approximately 872,000 gold equivalent ounces, which is 5% higher than the previous quarter (Q1 2011 - 830,000oz).
During Q2 2011 production from the South Africa Region was impacted by six public holidays as well as two significant seismic-related accidents at the KDC (Kloof Driefontein Complex) mine, which resulted in production stoppages due to safety interventions. In the Australasia Region production was affected by a week-long, unplanned mill-outage at St Ives. Remedial actions in respect of the seismic-related accidents and the unplanned mill-outage were satisfactorily completed during the latter part of Q2 2011.
Total cash costs and notional cash expenditure (NCE) are expected to be approximately US$815/oz (R175,000/kg) and US$1,185/oz (R260,000/kg) respectively.
The full results for Q2 2011 and first half 2011 will be published on Thursday, 11 August 2011.
Notes to editors
About Gold Fields
Gold Fields is one of the world's largest unhedged producers of gold with attributable annualised production of 3.6 million gold equivalent ounces from eight operating mines in Australia, Ghana, Peru and South Africa. Gold Fields also has an extensive and diverse global growth pipeline with four major projects in resource development and feasibility, with construction decisions expected in the next 18 to 24 months. Gold Fields has total attributable gold equivalent Mineral Reserves of 76.7 million ounces and Mineral Resources of 225.4 million ounces. Gold Fields is listed on the JSE Limited (primary listing), the New York Stock Exchange (NYSE), NASDAQ Dubai Limited, Euronext in Brussels (NYX) and the Swiss Exchange (SWX).
Sponsor: J.P. Morgan Equities Limited
SOURCE Gold Fields Limited
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