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GFI - Gold Fields Limited - Gold Fields guidance for December quarter 2010

Release Date: 10/01/2011 14:00
Code(s): GFI
Wrap Text

GFI - Gold Fields Limited - Gold Fields guidance for December quarter 2010 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 GOLD FIELDS GUIDANCE FOR DECEMBER QUARTER 2010 Johannesburg, 10 January 2011: Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) has announced that attributable Group production for the December quarter 2010 is expected to be approximately 900,000 oz, which is similar to last quarter and in line with expectations. Total cash costs are expected to be approximately US$730/oz and notional cash expenditure (NCE) about US$1,100/oz. NCE is in line with the higher capital expenditure planned, in particular the switch from contractor to owner mining at Damang in Ghana. The guidance is based on an exchange rate of US$6.92 and A$/US$0.98. Gold Fields` quarterly results as well as results for the six months ending December 2010 will be released on Friday, 18 February 2011. Gold Fields has changed its financial year-end from end-June to end-December and guidance for the financial year ending December 2011 will also be provided on 18 February 2011. Notes to editors About Gold Fields Gold Fields is one of the world`s largest unhedged producers of gold with attributable production of 3.5 million gold equivalent ounces per annum from nine operating mines in South Africa, Ghana, Australia and Peru. Gold Fields also has an extensive growth pipeline with both greenfields and nearmine exploration projects at various stages of development. Gold Fields has total attributable gold equivalent Mineral Reserves of 78 million ounces and Mineral Resources of 281 million ounces. Gold Fields is listed on JSE Limited (primary listing), the New York Stock Exchange (NYSE), the NASDAQ Dubai Limited, the Euronext in Brussels (NYX) and the Swiss Exchange (SIX). 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 Willie Jacobsz Tel: +508 839-1188 Mobile: +857 241-7127 Email: Willie.Jacobsz@gfexpl.com Nikki Catrakilis-Wagner Tel: +27 11 562-9706 Mobile: +27 83 309-6720 Email: Nikki.Catrakilis-Wagner@goldfields.co.za 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: 10/01/2011 14:00:02 Supplied by www.sharenet.co.za 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.

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