Guidance for March 2012 Quarter
Monday, 16 April 2012
Johannesburg, 16 April 2012: Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced that attributable Group production for the March 2012 quarter (Q1 2012) is expected to be 827,000 gold equivalent ounces which is similar to the production from the corresponding quarter a year ago (Q1 2011: 830,000 gold equivalent ounces) and taking into account seasonal variances underpins the 2012 full year production guidance of 3.5Moz to 3.7Moz.
Total cash costs and notional cash expenditure (NCE) for the quarter are expected to be approximately US$875/oz (R218,000/kg) and US$1,285/oz (R320,000/kg) respectively. Gold Fields NCE for Q1 2012 compares favourably with the average NCE for the peer group1 of US$1,281/oz for CY 2011.
This guidance is based on exchange rates of ZAR/US$7.77 and A$/US$1.05 for Q1 2012.
Gold Fields will release full results for Q1 2012 on Thursday, 17 May 2012.