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Production in-line; costs better than guidance

Wednesday, 27 January 2016

Johannesburg, 27 January 2016: Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) Group attributable equivalent gold production for the 2015 financial year is expected to be 2.16Moz, which is within 1% of the original guidance (provided in February 2015) of 2.17Moz.

Unit cost are expected to be lower than the improved guidance (published in November 2015) with All-in Sustaining Costs (AISC) estimated at US$1,020/oz (guidance: US$1,035/oz) and All-in Costs (AIC) at US$1,035/oz (guidance: US$1,055/oz). The original guidance (February 2015) for AISC and AIC was US$1,055/oz and US$1,075/oz, respectively.

For Q4 2015, Group attributable equivalent gold production is expected to be 566.0koz (Q3 2015: 556.7koz), with AISC of US$940/oz (Q3 2015: US$948/oz) and AIC of US$950/oz (Q3 2015: US$961/oz).

Attributable equivalent gold production (koz) by mine expected for Q4 2015 is summarised in the table below.

  Q4 2015   Q3 2015  
St Ives 100.4   83.6  
Agnew/Lawlers 65.7   57.5  
Granny Smith 72.4   82.1  
Darlot 24.6   25.4  
Total Australia 263.0   248.6  
          134.4  
Damang 38.6   40.0  
Total Ghana 168.8   174.4  
         
Cerro Corona 65.9   78.8  
Total Peru 65.9   78.8  
         
South Deep 68.1   54.9  
Total South Africa 68.1   54.9  
         
Total Group 566.0   556.7  

Gold Fields’ financial results for the quarter and year ended 31 December 2015 will be published on Thursday, 18 February 2016.


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