| Fri 26 Mar 2010, 16:00 | | GFI - Gold Fields Limited - Media Release |
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GFI
GOGOF
GFI - Gold Fields Limited - Media Release
Gold Fields Limited
Incorporated in the Republic of South Africa
Registration number 1968/004880/06
Share code: GFI
Issuer code: GOGOF
ISIN - ZAE000018123
MEDIA RELEASE
Q3 F2010 PRODUCTION IN LINE WITH GUIDANCE
Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced
that attributable Group production for Q3 F2010 is expected to be approximately
800koz, in line with the revised guidance issued on 23 February 2010.
Total cash cost and notional cash expenditure (NCE) for Q3 F2010 are expected to
be approximately US$695/oz and US$995/oz respectively.
The three international regions (West Africa, South America and Australasia)
together had an excellent quarter, increasing their combined attributable output
in Q3 to 404koz, which is 7% higher than in Q2 and better than anticipated.
As expected, production from the South Africa region declined to 396koz in Q3
from 523koz in Q2 F2010, mainly as a result of the extended Christmas break and
accelerated maintenance of the water pump column at Kloof`s Main shaft for
safety reasons.
Nick Holland, Chief Executive Officer of Gold Fields, said: "It is particularly
pleasing that all four of our South African mines are now operating again at
levels close to those prevailing in the pre-Christmas quarters. We expect to see
a significant improvement in production during Q4 F2010."
The full results for Q3 F2010, as well as guidance for Q4 F2010, will be
published on Friday, 7 May, 2010.
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
Registered Office:
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
www.goldfields.co.za
Enquiries:
Media and Investor Enquiries:
Willie Jacobsz
Tel: +508 839 1188
Mobile: +857 241 7127
Email: willie.jacobsz@gfexpl.com
Nikki Catrakilis-Wagner
Tel: +27 11 562 9706
Mobile: +27 83 309 6720
Email: nikki.catrakilis-wagner@goldfields.co.za
Media Enquiries:
Sven Lunsche
Tel: +27 11 562 9763
Mobile: +27 83 260 9279
Email: julian.gwillim@goldfields.co.za
Johannesburg
26 March 2010
Sponsor:
J.P. Morgan Equities Limited
Date: 26/03/2010 16:00:09 Produced by the JSE SENS Department.
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