Wrap Text
Trading statement for six months to 30 June 2016
Gold Fields Limited
Incorporated in the Republic of South Africa)
Registration Number 1968/004880/06)
JSE, NYSE, Share Code: GFI
ISIN: ZAE000018123
"Gold Fields" or “the Company”)
Trading statement for six months to 30 June 2016
Johannesburg, 19 July 2016: Gold Fields Limited (Gold Fields) (JSE,
NYSE: GFI) advises that earnings per share (EPS) for the six months
ended 30 June 2016 (H1 2016) are expected to be 1,400% (US$0.14)
higher than the US$0.00 per share reported for the six months ended
30 June 2015 (H1 2015), at US$0.14 per share. Headline earnings per
share (HEPS) for H1 2016 are expected to be 1,500% (US$0.15) higher
than the US$0.01 per share reported for H1 2015, at US$0.16 per
share.
In addition, normalised earnings for the period are expected to be
1,200% (US$0.12) higher than the US$0.01 per share reported for H1
2015 at US$0.13 per share.
The increases in EPS, HEPS and normalised earnings are primarily
driven by an increase in the US$ gold price (3% YoY) and lower net
operating costs in local currencies as well as the impact of
converting these costs at weaker exchange rates. In H1 2016, the A$
was 5% weaker YoY and the rand was 29% weaker YoY, against the US$.
Attributable gold equivalent production for Q2 2016 is expected to be
529koz (Q1 2016: 515koz), with all-in sustaining costs (AISC) of
US$1,023/oz (Q1 2016: US$961/oz) and all-in costs (AIC) of
US$1,061/oz (Q1 2016: US$986/oz).
For H1 2016, attributable gold equivalent production is expected to
be 1,044koz (H1 2015: 1,036koz), with AISC of US$992/oz (H1 2015:
US$1,083/oz) and AIC of US$1,024/oz (H1 2015: US$1,108/oz).
The forecast financial information on which this trading statement is
based has not been reviewed, and reported on, by the Company’s
external auditors.
Gold Fields will release H1 2016 financial results on Thursday, 18
August 2016.
Enquiries
Investors
Avishkar Nagaser
Tel: +27 11 562-9775
Mobile: +27 82 312 8692
Email : Avishkar.Nagaser@goldfields.co.za
Thomas Mengel
Tel: +27 11 562 9849
Mobile: +27 82 315 2832
Email: Thomas.Mengel@goldfields.co.za
Media
Sven Lunsche
Tel: +27 11 562-9763
Mobile: +27 83 260 9279
Email: Sven.Lunsche@goldfields.co.za
ends
Notes to editors
About Gold Fields
Gold Fields Limited is an unhedged, globally diversified producer
of gold with eight operating mines in Australia, Ghana, Peru and
South Africa with attributable annual gold production of
approximately 2.0 million ounces. It has attributable Mineral
Reserves of around 46 million ounces and Mineral Resources of
around 102 million ounces. Attributable copper Mineral Reserves
total 532 million pounds and Mineral Resources 5,912 million
pounds. Gold Fields has a primary listing on the JSE Limited, with
secondary listings on the New York Stock Exchange (NYSE) and the
Swiss Exchange (SWX).
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
Date: 19/07/2016 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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