Gold Fields Limited Guidance for December Quarter 2010
10.01.2011 | CNW
JOHANNESBURG, Jan. 10 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) has announced that attributable Group production for the December quarter 2010 is expected to be approximately 900,000 oz, which is similar to last quarter and in line with expectations.Total cash costs are expected to be approximately US$730/oz and notional cash expenditure (NCE) about US$1,100/oz. NCE is in line with the higher capital expenditure planned, in particular the switch from contractor to owner mining at Damang in Ghana. The guidance is based on an exchange rate of US$6.92 and A$/US$0.98.
Gold Fields' quarterly results as well as results for the six months ending December 2010 will be released on Friday, 18 February 2011. Gold Fields has changed its financial year-end from end-June to end-December and guidance for the financial year ending December 2011 will also be provided on 18 February 2011.
Notes to editors
About Gold Fields
Gold Fields is one of the world's largest unhedged producers of gold with attributable production of 3.5 million gold equivalent ounces per annum from nine operating mines in South Africa, Ghana, Australia and Peru. Gold Fields also has an extensive growth pipeline with both greenfields and nearmine exploration projects at various stages of development. Gold Fields has total attributable gold equivalent Mineral Reserves of 78 million ounces and Mineral Resources of 281 million ounces. Gold Fields is listed on JSE Limited (primary listing), the New York Stock Exchange (NYSE), the NASDAQ Dubai Limited, the Euronext in Brussels (NYX) and the Swiss Exchange (SIX).
Sponsor: J.P. Morgan Equities Limited
For further information:
Enquiries, Investor Enquiries, Willie Jacobsz, Tel +508-839-1188, Mobile +857-241-7127, email Willie.Jacobsz@gfexpl.com, Nikki Catrakilis-Wagner, Tel +27-11-562-9706, Mobile +27(0)83-309-6720, email Nikki.Catrakilis-Wagner@goldfields.co.za
Media Enquiries, Sven Lunsche, Tel +27-11-562-9763, Mobile +27(0)83-260-9279, email Sven.Lunsche@goldfields.co.za
http://www.goldfields.co.za
