| Thu 7 Jan 2010, 16:01 | | GFI - Gold Fields Issues Q2 F2010 - Guidance Update |
|
GFI
GOGOF
GFI - Gold Fields Issues Q2 F2010 - Guidance Update
Gold Fields Limited
Registration Number 1968/004880/06)
("Gold Fields " or "the Company")
JSE, NYSE, NASDAQ Dubai Share Code: GFI
NYX Code: GFLB, and SWX Code: GOLI
ISIN: ZAE000018123
MEDIA RELEASE
GOLD FIELDS ISSUES Q2 F2010
GUIDANCE UPDATE
Johannesburg, 7 January 2010: Gold Fields Limited (Gold Fields) (JSE, NYSE,
NASDAQ Dubai: GFI) today issued updated production guidance for Q2 F2010.
Attributable production for Q2 F2010 is expected to be approximately 900koz,
which is 2.8% lower than the previous guidance of 925koz, provided on 29 October
2009. The lower production is mainly as a result of seismic related production
stoppages experienced in South Africa. At the Driefontein mine in particular,
seven days of production, or almost one third of the December production month,
were lost due to a major seismic event which resulted in an extended search and
rescue operation, as previously reported.
In line with the lower production, total cash costs and notional cash
expenditure (NCE) for the Group are expected to be approximately US$615/oz and
US$900 respectively, which is approximately 4% and 3% higher than guidance.
The full results for the Group will be published on Thursday, 4 February, 2010.
ends
About Gold Fields
Gold Fields is one of the world`s largest unhedged producers of gold with
attributable production of 3.6 million 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
Mineral Reserves of 81 million ounces and Mineral Resources of 271 million
ounces. Gold Fields is listed on JSE Limited (primary listing), the New York
Stock Exchange (NYSE), the Dubai International Financial Exchange (DIFX), the
Euronext in Brussels (NYX) and the Swiss Exchange (SWX). For more information
please visit the Gold Fields website at www.goldfields.co.za.
*Based on the annualised run rate for the fourth quarter of F2009
Date: 07/01/2010 16:01:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
