Production and cost update for quarter and year ended 31 December 2014
Johannesburg, 16 January 2015: Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) is pleased to provide updated production and cost guidance for the Group for the December 2014 quarter (Q4 2014) and the full year 2014 (FY14). Encouragingly, both All-in Sustaining Costs (AISC) and All-in Costs (AIC) for the year are expected to be better than previous guidance.
Attributable gold equivalent production for Q4 2014 is expected to be approximately 556,000 ounces (3Q 2014: 559,000 ounces) at AISC of US$1,030/oz (3Q 2014: US$1,074/oz) and AIC of US$1,055/oz (3Q 2014: US$1,096/oz).
For FY14, attributable gold equivalent production is expected to be approximately 2.22 million ounces, with AISC of US$1,060/oz and AIC of US$1,095/oz.
The production expected for 2014 is slightly better than the original guidance of 2.20 million ounces.
The AISC expected for 2014 is approximately 6% better that the original guidance of US$1,125/oz, provided on 13 February 2014, and 3% better than the revised guidance of US$1,090/oz provided on 20 October 2014.
Similarly, the expected AIC for FY14 is approximately 5% better than the original guidance of US$ 1,150/oz, and 3% better than the revised guidance of US$1,130/oz.
Gold Fields’ full results for the quarter and year ended 31 December 2014 will be published on Thursday, 12 February 2015.
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