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SIBANYE GOLD LIMITED - Notice of operating update for the September 2014 quarter and full year guidance

Release Date: 22/10/2014 07:44
Code(s): SGL     PDF:  
Wrap Text
Notice of operating update for the September 2014 quarter and full year guidance

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

NOTICE OF OPERATING UPDATE FOR THE SEPTEMBER 2014 QUARTER AND FULL
YEAR GUIDANCE

Westonaria 22 October 2014

Sibanye (JSE: SGL & NYSE: SBGL) wishes to advise shareholders that
it will report an operating update for the September 2014 quarter on
Tuesday, 28 October 2014, rather than on Thursday, 23 October 2014.
The operating update will be released on SENS and on the Company
website: www.sibanyegold.co.za at approximately 08:00 (CAT).

Forecast production for the year ending 31 December 2014 remains
unchanged at 50,000kg (1.61Moz). Total cash cost is forecast at
approximately R295,000/kg (US$850/oz) and All-in cost at R380,000/kg
(US$1,095/oz). These estimates for 2014 are based on an average
annual exchange rate of R10.80/US$ and include the Cooke Operations
from June 2014.


ENDS


Contact

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

Sponsor

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


FORWARD LOOKING STATEMENTS
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 Group 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 uranium; hazards
associated with underground and surface gold and uranium mining;
labour shortages and disruptions; availability, terms and deployment
of capital or credit; changes in government regulations,
particularly environmental regulations and new legislation affecting
mining and mineral rights; the outcome and consequence of any
potential or pending litigation or regulatory proceedings or other
environmental, health and safety issues; power disruptions and cost
increases; 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 HIV/AIDS crisis in South Africa.
These forward looking statements speak only as of the date of this
document.
The Group 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: 22/10/2014 07:44:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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