GFI
GOGOF
GFI - Gold Fields Limited - Guidance for March 2012 quarter
Gold Fields Limited
(Reg. No. 1968/004880/06)
(Incorporated in the Republic of South Africa)
("Gold Fields" or "the Company")
JSE, NYSE, DIFX Share Code: GFI
ISIN Code: ZAE000018123
MEDIA RELEASE
GUIDANCE FOR MARCH 2012 QUARTER
Johannesburg, 16 April 2012: Gold Fields Limited (Gold Fields) (JSE, NYSE,
NASDAQ Dubai: GFI) today announced that attributable Group production for the
March 2012 quarter (Q1 2012) is expected to be 827,000 gold equivalent ounces
which is similar to the production from the corresponding quarter a year ago (Q1
2011: 830,000 gold equivalent ounces) and taking into account seasonal variances
underpins the 2012 full year production guidance of 3.5Moz to 3.7Moz.
Total cash costs and notional cash expenditure (NCE) for the quarter are
expected to be approximately US$875/oz (R218,000/kg) and US$1,285/oz
(R320,000/kg) respectively. Gold Fields NCE for Q1 2012 compares favourably with
the average NCE for the peer group1 of US$1,281/oz for CY 2011.
This guidance is based on exchange rates of ZAR/US$7.77 and A$/US$1.05 for Q1
2012.
Gold Fields will release full results for Q1 2012 on Thursday, 17 May 2012.
1 Source: J.P. Morgan estimates. The NCE average for the peer group is
calculated as a simple average and is not production weighted. Note: NCE =
Operating costs excluding royalties plus capital expenditure expressed per
ounce of gold produced. Newmont does not report royalty costs separately.
Royalty costs are J.P. Morgan estimates and actuals could differ. The peer
group includes: AngloGold Ashanti, Gold Fields, Kinross; Newmont, Barrick
Gold, Harmony; GoldCorp and Newcrest
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).
Gold Fields Limited
Reg. 1968/004880/06
150 Helen Road,
Sandown, Sandton,
2196
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 562 9700
Fax +27 11 562 9838
www.goldfields.co.za
Enquiries
Investor Enquiries
Zakira Amra
Tel +27 11 562 9775
Mobile +27 79 694 0267
email Zakira.Amra@goldfields.co.za
Willie Jacobsz
Tel +1 508 839 1188
Mobile +1 857 241 7127
Email Willie.Jacobsz@gfexpl.com
Media Enquiries
Sven Lunsche
Tel +27 11 562 9763
Mobile +27 83 260 9279
Email Sven.Lunsche@goldfields.co.za
Sponsor:
J.P. Morgan Equities Limited
Date: 16/04/2012 15:47:00 Produced by the JSE SENS Department.
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