Gold Fields Limited - Q2 2012 Results

Improved Performance From South Africa Region

Aug 23, 2012, 02:54 ET from Gold Fields Limited

JOHANNESBURG, August 23, 2012 /PRNewswire/ --

Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced net earnings for the June quarter of R1,606 million compared with R2,082 million in the March quarter and R1,267 million in the June 2011 quarter.  In US dollar terms net earnings for the June quarter were US$198 million, compared with US$268 million in the March quarter and US$186 million in the June 2011 quarter.

June 2012 quarter salient features:

  • Group attributable equivalent gold production of 862,000 ounces;
  • Total cash cost of US$851 per ounce and NCE of US$1,308 per ounce;
  • Operating margin of 47 per cent and NCE margin of 18 per cent;
  • Good progress made on South Deep project; and
  • Stabilisation of production output at KDC.

Interim dividend of 160 SA cents per share is payable on 5 September 2012.

The full results are available on the Gold Fields website:

Notes to editors

About Gold Fields

Gold Fields is one of the world's largest unhedged producers of gold with attributable annualised production of 3.5 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 80.6 million ounces and Mineral Resources of 217 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

Investor Enquiries

Willie Jacobsz
Tel: +508-839-1188
Mobile: +27-82-971-9238 (SA) or +1-857-241-7127 (USA) 

Remmy Kawala
Tel: +27-562-9844
Mobile: +27-82-321-8692

Media Enquiries

Sven Lunsche
Tel: +27-11-562-9763
Mobile: +27-83-260-9279

SOURCE Gold Fields Limited