JOHANNESBURG: Gold Fields
Limited (Gold Fields) has announced that
attributable Group production for the September quarter 2010 is expected to
be about 906,000 oz.
Total cash cost is expected to be approximately US$715/oz and notional
cash expenditure (NCE) about US$1,020/oz. NCE is in line with the higher
capital expenditure planned for the September and December quarters of 2010.
Costs in South Africa during the September quarter were also impacted by the
winter electricity tariffs. The guidance is based on an exchange rate of
US$/R7.35 and A$/US$0.88.
Nick Holland, Chief Executive Officer of Gold Fields, said: "We are
pleased with the progress we have made during the September quarter and are
on track to achieve our annual guidance for the 12 months to end-June 2011."
Gold Fields' September quarter results will be published on Thursday, 4
November 2010.
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 near-mine
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).
http://www.goldfields.co.za
SOURCE Gold Fields Limited