GFI
GOGOF
GFI - Gold Fields Limited - Media Release
Gold Fields Limited
(Reg. No. 1968/004880/06)
(Incorporated in the Republic of South Africa)
Share Code: GFI
ISIN Code: ZAE000018123
MEDIA RELEASE
Q1 2011 PRODUCTION IN LINE WITH GUIDANCE
Johannesburg, 8 April 2011: Gold Fields Limited (Gold Fields) (JSE, NYSE,
NASDAQ Dubai: GFI) today announced that attributable Group production for
the March quarter (Q1 2011) is expected to be approximately 830,000oz,
which is 5% higher than for the corresponding quarter a year ago
(793,000oz). As expected production is lower than that achieved in the
previous quarter (900,000 ounces), almost entirely due to the customary
Christmas break in South Africa, when all mines close for two weeks.
The guidance of between 3.5 and 3.7 million ounces for the full year
2011, provided on 18 February 2011, takes account of the seasonal decline
in production in South Africa which typically affects the March quarter.
The higher year-on-year quarterly production is due to improvements at
both the South African and international operations.
Total cash costs and notional cash expenditure (NCE) are expected to be
approximately US$750/oz and US$1,090/oz respectively, and the NCE margin
for the Group is expected to be approximately 21%.
This guidance is based on exchange rates of ZAR/US$6.98 and A$/US$0.99
for Q1 2011.
The full results for Q1 2011 will be published on Thursday, 19 May 2011.
ends
Notes to editors
About Gold Fields
Gold Fields is the world`s fourth largest gold producer with attributable
production of 3.6 million gold equivalent ounces per annum from nine
operating mines in Australia, Ghana, Peru and South Africa. Gold Fields
also has an extensive and diverse global growth pipeline with four major
projects at various stages of development. Gold Fields has total
attributable gold equivalent Mineral Reserves of 77 million ounces and
Mineral Resources of 225 million ounces. Gold Fields is listed on the JSE
Limited (primary listing), the New York Stock Exchange (NYSE), the NASDAQ
Dubai Limited, the Euronext in Brussels (NYX) and the Swiss Exchange
(SWX).
Sponsor: J.P. Morgan Equities Limited
Date: 08/04/2011 08:09:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS. |