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Gold Fields (following the unbundling of Sibanye Gold) is a large unhedged producer of gold with attributable annual production of approximately 2 million gold ounces from six operating mines in Australia, Ghana, Peru and South Africa. The new Gold Fields also has an extensive and diverse global growth pipeline with four major projects in resource development and feasibility. The new Gold Fields has total attributable gold Mineral Reserves of 54.9 million ounces and Mineral Resources of 125.5 million ounces. Gold Fields is listed on the JSE Limited (primary listing), the New York Stock Exchange (NYSE), NASDAQ Dubai Limited, Euronext in Brussels (NYX) and the Swiss Exchange (SWX). In February 2013, Gold Fields unbundled its KDC and Beatrix mines in South Africa into a separately listed company, Sibanye Gold. |
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Media ReleasesGuidance for March 2012 QuarterMonday,
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.
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