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SIBANYE GOLD LIMITED - Production update and trading statement for the Quarter and Year ended 31 December 2013

Release Date: 31/01/2014 07:22
Code(s): SGL     PDF:  
Wrap Text
Production update and trading statement for the Quarter and Year ended 31 December 2013

Sibanye Gold Limited
Incorporated in the Republic of South Africa
Registration number 2002/031431/06
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye Gold” or “the Company”)

Production update and trading statement for the Quarter and Year
ended 31 December 2013

Westonaria, 30 January 2014: Sibanye Gold (JSE: SGL & NYSE: SBGL)
advises that the Group will report approximately 12 000kg
(386koz) of gold production for the December 2013 quarter, which
is 2% higher than guidance given on 31 October 2013

Average All-in costs for the quarter are expected to be
approximately R334 000/kg (US$1 050/oz), approximately 6% lower
than guidance in Rand terms and 9% lower in US Dollar terms.

Gold production for the year ended 31 December 2013 will be
approximately 44 500kg (1.43Moz), with average All-in cost of
approximately R355 000/kg (US$1 150/oz). This is significantly
better than guidance provided in May 2013 of 40 000kg (1.29Moz)
for the year, and average All-in cost higher than R380 000/kg.

Sibanye Gold is currently finalising its Operating and Financial
Results for the six months and year ended 31 December 2013, which
will be released on SENS at 08:00 (CAT) on Thursday, 20 February
2013 and on the Company website www.sibanyegold.co.za.

Earnings per share (“EPS”) and headline earnings per share
(“HEPS”) for the six months ending 31 December 2013 are expected
to be between 187 cents per share and 197 cents per share, based
on an estimated 734.4 million weighted average ordinary shares in
issue during the six months ended 31 December 2013. EPS for the
year ended 31 December 2013 is expected to be between 255 cents
per share and 265 cents per share, and HEPS between 350 cents per
share and 360 cents per share, based on 650.6 million weighted
average ordinary shares in issue during the year ended 31
December 2013.

The increase in EPS and HEPS for the six months ended 31 December
2013 relative to the trading statement released on 23 October
2013, is attributable to the higher production and lower costs
achieved, a marginally higher realised Rand gold price and an
adjustment to the deferred tax rate.

The financial information on which the trading statement has been
based has not been reviewed or reported on by the Company’s
auditors.
ENDS

Contact

James Wellsted
Head of Corporate Affairs
Sibanye Gold Limited
+27 83 453 4014
james.wellsted@sibanyegold.co.za

Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd

Date: 31/01/2014 07:22:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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