Production in-line; costs better than guidance
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|
|Total South Africa||68.1||54.9|
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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