Wrap Text
GFI - Gold Fields Limited - Update for financial year ended December 2011 and
Q4 2011
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
UPDATE FOR FINANCIAL YEAR ENDED DECEMBER 2011 AND Q4 2011
Johannesburg, 18 January 2012: Gold Fields Limited (Gold Fields) (JSE, NYSE,
NASDAQ Dubai: GFI) has announced that attributable Group production for the
financial year ended December 2011 (FY 2011) is expected to be 3.49 million
gold equivalent ounces.
Total cash cost for FY 2011 is expected to be approximately US$800/oz
(R185,000/kg) and notional cash expenditure (NCE) approximately US$1,180/oz
(R275,000/kg), both of which are lower than the guidance given on 10 November
2011 for total cash costs of US$810/oz (R187,000/kg) and NCE of US$1,200/oz
(R277,000/kg).
Group attributable production for the December quarter (Q4 2011) is expected
to be 883,000 gold equivalent ounces, which is 1.9% lower than the previous
quarter (Q3 2011: 900,000 gold equivalent ounces). The lower production for Q4
2011 is as a result of production disruptions in Ghana due to power outages
and a slower milling rate at Tarkwa, due to harder material associated with a
change in the blend of material fed to the plant. In the South Africa region
production was impacted by stop and fix interventions at Beatrix and a lower
underground grade at South Deep due to changes in the mining mix needed to
increase flexibility. Gold equivalent production at Cerro Corona, in Peru, was
adversely impacted by the lower copper price relative to the gold price in Q4
2011.
Costs during the quarter were well contained with total cash cost expected to
be approximately US$770/oz (R200,000/kg) and NCE approximately US$1,210/oz
(R315,000/kg).
Gold Fields` quarterly results as well as results for the financial year ended
December 2011 will be released on Friday, 17 February 2012.
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 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).
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
E-mail Zakira.Amra@goldfields.co.za
Willie Jacobsz
Tel +1 508 839-1188
Mobile +1 857 241-7127
E-mail Willie.Jacobsz@gfexpl.com
Media Enquiries
Sven Lunsche
Tel +27 11 562-9763
Mobile +27 83 260-9279
E-mail Sven.Lunsche@goldfields.co.za
Sponsor:
J.P. Morgan Equities Limited
Date: 18/01/2012 11:37:00 Supplied by www.sharenet.co.za
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