| Wed 25 Jun 2008, 8:04 | | GFI - Gold Fields Limited - Media Release - Gold Fields` Operational Results for |
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GFI
GOGOF
GFI - Gold Fields Limited - Media Release - Gold Fields` Operational Results for
Q4 F2008 Will Be Better than Expected
Gold Fields Limited
(Reg. No. 1968/004880/06)
(Incorporated in the Republic of South Africa)
Share Code: GFI
ISIN Code: ZAE000018123
Gold Fields` Operational Results for Q4 F2008 Will Be Better than Expected
Johannesburg, June 25, 2007: Gold Fields Limited ("Gold Fields") (NYSE, JSE,
DIFX: GFI) today announced that operational results for Q4 F2008 will be better
than the guidance provided on May 9, 2008.
Group attributable production for Q4 F2008 is expected to be up approximately
4.5% compared to that reported for Q3 F2008.
South African production for Q4 F2008 is expected to be up by approximately 6.6%
against the production achieved for Q3 F2008, which is better than the previous
guidance of an improvement of between 2% and 4%, due mainly to improved quality
mining at Beatrix.
Attributable production from the International mines for Q4 F2008 is expected to
be flat, which is in line with previous guidance.
Preliminary indications are that group cash costs in US$ terms will be similar
to the previous quarter.
Gold Fields will publish its results for F2008 and Q4 F2008 on Friday, August 1,
2008.
As previously guided, the Cerro Corona Project in Peru is on track to commence
production and the shipment of concentrate in Q1 F2009; the two new underground
mines at St Ives in Australia have been commissioned and are in the process of
build-up; and the CIL Plant expansion at Tarkwa in Ghana is on track for
completion and the commencement of build-up in Q2 F2009.
All of these projects are expected to have reached full production by the end of
Q2 F2009, resulting in an increased production profile for Gold Fields.
ends
Gold Fields Limited is one of the world`s largest unhedged producers of gold
with attributable production approaching four million ounces per annum, total
attributable ore reserves of 92 million ounces and mineral resources of 252
million ounces. The Group employs some 47,000 permanent employees across its
operations and is listed on the JSE Limited South Africa (primary listing), the
New York Stock Exchange (NYSE) and the Dubai International Financial Exchange
(DIFX).
Date: 25/06/2008 08:04:16 Produced by the JSE SENS Department.
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