Gold Fields Guidance for June 2011 Quarter
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JOHANNESBURG, July 5, 2011 /CNW/ --
JOHANNESBURG, July 5, 2011 /CNW/ - Gold Fields Limited (Gold Fields)
(JSE, NYSE, NASDAQ Dubai: GFI) today announced that attributable Group
production for the June quarter (Q2 2011) is expected to be
approximately 872,000 gold equivalent ounces, which is 5% higher than
the previous quarter (Q1 2011 - 830,000oz).
During Q2 2011 production from the South Africa Region was impacted by
six public holidays as well as two significant seismic-related
accidents at the KDC (Kloof Driefontein Complex) mine, which resulted
in production stoppages due to safety interventions. In the Australasia
Region production was affected by a week-long, unplanned mill-outage at
St Ives. Remedial actions in respect of the seismic-related accidents
and the unplanned mill-outage were satisfactorily completed during the
latter part of Q2 2011.
Total cash costs and notional cash expenditure (NCE) are expected to be
approximately US$815/oz (R175,000/kg) and US$1,185/oz (R260,000/kg)
respectively.
The full results for Q2 2011 and first half 2011 will be published on
Thursday, 11 August 2011.
Notes to editors
About Gold Fields
Gold Fields is one of the world's largest unhedged producers of gold
with attributable annualised production of 3.6 million gold equivalent
ounces from eight operating mines in Australia, Ghana, Peru and South
Africa. Gold Fields also has an extensive and diverse global growth
pipeline with four major projects in resource development and
feasibility, with construction decisions expected in the next 18 to 24
months. Gold Fields has total attributable gold equivalent Mineral
Reserves of 76.7 million ounces and Mineral Resources of 225.4 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).
Sponsor: J.P. Morgan Equities Limited
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Gold Fields Limited, Reg. 1968/004880/06, 150 Helen Road, Sandown, Sandton, 2196; Postnet Suite 252, Private Bag X30500, Houghton, 2041, South Africa, Tel 27-11-562-9700, Fax 27-11-562-9838, http://www.goldfields.co.za; Enquiries: Investor Enquiries: Zakira Amra, Tel 27-11-562-9775, Mobile 27(0)79-694-0267, email Zakira.Amra@goldfields.co.za; Nikki Catrakilis-Wagner, Tel 27-11-562-9706, Mobile 27(0)83-309-6720, email Nikki.Catrakilis-Wagner@goldfields.co.za; Willie Jacobsz, Tel 508-839-1188, Mobile 857-241-7127, email Willie.Jacobsz@gfexpl.com; Media Enquiries: Sven Lunsche, Tel 27-11-562-9763, Mobile 27(0)83-260-9279, email Sven.Lunsche@goldfields.co.za