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Production guidance for the year ending 31 December 2014
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 GUIDANCE FOR THE YEAR ENDING 31 DECEMBER 2014
Westonaria, 3 February 2014: Further to the production update and
trading statement released on 30 January 2014, Sibanye Gold (JSE:
SGL & NYSE: SBGL) advises shareholders that gold production in
the normal course of business from its Kloof, Driefontein and
Beatrix Operations for the year ending December 2014, is expected
to be approximately 44 000kg (1.4Moz). Total cash cost is
expected to be approximately R270 000/kg (US$800/oz) and All-in
cost, R360,000/kg (US$1 070/oz), assuming an average exchange
rate of R10.50 to the US Dollar during the year. Capital
Expenditure for the year has been planned at approximately R3.1bn
(US$295m).
Gold production from the Kloof Operation is expected to be
approximately 15 500kg (500 000oz) at total cash cost of R255
000/kg (US$755/oz) and All-in cost of R355 000/kg (US$1 050/oz).
The Driefontein Operation is expected to produce approximately 18
300kg (590 000oz) at total cash cost of R260 000/kg (US$770/oz)
and All-in cost of R335 000/kg (US$990/oz) and the Beatrix
Operation is expected to produce approximately 10 200kg (330
000oz) at total cash cost of R320 000/kg (US$950/oz) and All-in
cost of R390 000/kg (US$1 155/oz).
The guidance provided above does not include the Cooke Operations
and Wits Gold, which subject to regulatory and other approvals,
are expected to be acquired during the March 2014 quarter.
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
Certain statements in this document constitute “forward looking
statements” within the meaning of Section 27A of the US
Securities Act of 1933 and Section 21E of the US Securities
Exchange Act of 1934.
Such forward looking statements involve known and unknown risks,
uncertainties and other important factors that could cause the
actual results, performance or achievements of the Company to be
materially different from the future results, performance or
achievements expressed or implied by such forward looking
statements. Such risks, uncertainties and other important factors
include among others: economic, business and political conditions
in South Africa and elsewhere; the ability to achieve anticipated
efficiencies and other cost savings in connection with past and
future acquisitions, exploration and development activities;
decreases in the market price of gold and/or copper; hazards
associated with underground and surface gold mining; labour
disruptions; availability, terms and deployment of capital or
credit; changes in government regulations, particularly
environmental regulations and new legislation affecting mining
and mineral rights; changes in exchange rates, currency
devaluations, inflation and other macro-economic factors;
industrial action; temporary stoppages of mines for safety and
unplanned maintenance reasons; and the impact of the AIDS crisis
in South Africa. These forward looking statements speak only as
of the date of this document.
The Company undertakes no obligation to update publicly or
release any revisions to these forward looking statements to
reflect events or circumstances after the date of this document
or to reflect the occurrence of unanticipated events.
Date: 03/02/2014 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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