Gold Fields ltd

Published : April 24th, 2015

Newmont Tops on Q1 Earnings Estimates on Lower Costs - Analyst Blog

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  

Newmont Tops on Q1 Earnings Estimates on Lower Costs - Analyst Blog

Gold mining giant Newmont Mining Corporation’s NEM first-quarter 2015 adjusted earnings of 46 cents a share surged roughly 91.7% from the year-ago quarter’s earnings of 24 cents a share. Earnings also beat the Zacks Consensus Estimate of 22 cents by a wide margin.

On a reported basis, the company posted net income from continuing operations of $175 million or 35 cents per share in the first quarter, up roughly 50% from net earnings of $117 million or 23 cents per share recorded a year ago. The bottom line was supported by lower all-in-sustaining costs (“AISC”) compared with the prior-year quarter.

Newmont Mining Corporation - Earnings Surprise | FindTheCompany

Newmont's revenues improved nearly 11.8% year over year to $1,972 million in the reported quarter, marginally surpassing the Zacks Consensus Estimate of $1,968 million. Average realized gold and copper price was $1,203 per ounce and $2.34 per pound in the first quarter, representing a year-over-year decline of 7% and 6.4%, respectively.

Newmont's attributable gold production was almost flat year over year at 1.21 million ounces with higher production witnessed from Batu Hijau, Twin Creeks and Yanacocha. Copper production was 37,000 tons in the quarter, up 54.2% year over year, owing to higher grade phase 6 ore at Batu Hijau in Indonesia.

Gold and copper costs applicable to sales (“CAS”) were $609 per ounce and $1.33 per pound, representing a year-over-year decline of 19% and 51%, respectively. Gold and copper AISCs of $849 per ounce and $1.73 per pound in the quarter, were down roughly 18% and 53% year over year, respectively.

Regional Performance
North America
Attributable gold and copper production in North America in the first quarter was 405,000 ounces and 5,000 tons, respectively. Gold production in North America was flat year over year, while copper production was down almost 17% year over year.
Gold and copper CAS for this region in the reported quarter was $690 per ounce and $1.93 per pound, down 5% and 19% year over year, respectively. In the reported quarter, gold and copper AISC was $895 per ounce and $2.38 per pound, respectively, down 7% and 6% year over year.
South America
Attributable gold production in South America was 141,000 ounces, up 16% year over year. Gold CAS for this region fell 57% year over year to $461 per ounce, while AISC dropped 50% year over year to $707 per ounce in the reported quarter.
Asia Pacific
Attributable gold and copper production in the Asia Pacific region was 451,000 ounces and 32,000 tons, down 2% and up 78%, year over year, respectively. Gold and copper CAS for this region was $677 per ounce and $1.27 per pound, down 14% and 55% year over year, respectively. Gold and copper AISC was $818 per ounce and $1.67 per pound, down 15% and 59%, respectively, from the year-ago quarter.


The region produced 216,000 ounces of gold in the reported quarter, down 4% year over year. Gold CAS and AISC were $463 per ounce and $640 per ounce, respectively, up 8% and 4%, year over year.
Financial Position
Newmont had cash and cash equivalents of $2,598 million as of Mar 31, 2015, up 76.1% from $1,475 million as of Mar 31, 2014. The company's long-term debt increased roughly 1.2% year over year to $6,221 million.

During the quarter, Newmont prepaid $200 million from its current term loan. The company expects to pay its other liabilities in advance, including the PTNNT project debt facility, other regional and corporate debt, and potential term loan prepayments. Newmont also believes that it can fund all its growth projects and prepay $750 million of debt in 2015 from its cash flows and current cash balances.


Newmont’s board of directors announced a quarterly dividend of 2.5 cents per share in the first quarter.

Project Update
The Waihi Correnso mine commenced commercial production in the first quarter with construction anticipated to be completed in mid-2015. Total capital cost involved in this project is around $30–$40 million.

The Turf Vent Shaft project at Nevada is all set to commence commercial production in late 2015 and is expected to add 100,000–150,000 ounces of annual production to Leeville. Out of the total capital costs in the range of $350–$400 million for the project, around $70–$80 million will be spent in 2015.
The Merian project is moving ahead of the scheduled time and budget, with average gold production expected in the range of 400,000–500,000 ounces on a 100% basis during the first five years. Respective CAS and AISC are estimated to be in the range of $575–$675 per ounce and $650–$750 per ounce. This project helps Newmont to expand in a new district with good potential. Capital cost for this region is anticipated to be in the band of $330–$360 million in 2015 and $150–$190 million in 2016. The project with its first production is expected in late 2016.

Newmont reaffirmed its gold and copper production as well as CAS and AISC outlook for 2015. However, the company anticipates a 3% reduction in costs in the Asia Pacific region, partly offset by increased costs in Africa.

Newmont also expects lower CAS and AISC in Boddington and Tanami for 2015 compared with its previous guidance, owing to lower Australian dollar exchange rates and oil prices. Further, the company anticipates lower CAS in Africa and Akyem in 2015 due to ongoing cost and efficiency improvements.

The outlook for 2015 assumes increased capital spending for Long Canyon and additional power generation units at Ahafo and Akyem. Owing to this, the 2015 AISC guidance is unchanged at Akyem and up modestly at Ahafo.

Newmont also retained its outlook for 2016 and 2017, excluding the positive impact of the Long Canyon Phase 1 that was recently announced.

Newmont currently carries a Zacks Rank #3 (Hold).
Better-ranked companies in the gold mining industry include Gold Fields Ltd. GFI, Sibanye Gold Limited SBGL and AuRico Gold Inc. AUQ. While Gold Fields and Sibanye Gold sport a Zacks Rank #1 (Strong Buy), AuRico Gold carries a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NEWMONT MINING (NEM): Free Stock Analysis Report
GOLD FIELDS-ADR (GFI): Free Stock Analysis Report
SIBANYE GLD-ADR (SBGL): Free Stock Analysis Report
AURICO GOLD INC (AUQ): Free Stock Analysis Report
To read this article on click here.
Zacks Investment Research
Read the rest of the article at
Data and Statistics for these countries : Indonesia | All
Gold and Silver Prices for these countries : Indonesia | All

Gold Fields ltd

ISIN : US38059T1060
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
Projects & res.
Asset profile
Contact Cpy

Gold Fields is a gold producing company based in South africa.

Gold Fields produces gold, copper in Australia, in Ghana, in Peru and in South Africa, develops gold in Mali, and holds various exploration projects in Peru.

Its main assets in production are ST IVES MINE and AGNEW in Australia, BEATRIX MINE, DRIEFONTEIN, KLOOF MINE, SOUTH DEEP, KLOOF and BEATRIX in South Africa, DAMANG, TARKWA and DAMANG PROJECT in Ghana and CERRO CORONA in Peru, its main asset in development is KOMANA in Mali and its main exploration properties are LOBO in Philippines and CHUCAPACA and CANAHUIRE in Peru.

Gold Fields is listed in France, in South Africa and in United States of America. Its market capitalisation is US$ 10.8 billions as of today (€ 9.5 billions).

Its stock quote reached its lowest recent point on November 10, 2000 at US$ 1.69, and its highest recent level on October 12, 2023 at US$ 13.18.

Gold Fields has 821 530 048 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
Corporate Presentations of Gold Fields ltd
5/16/2011Towards five million ounces: Nick Holland's presentation and...
In the News and Medias of Gold Fields ltd
8/2/2011Strike in South Africa settled
Annual reports of Gold Fields ltd
Financings of Gold Fields ltd
6/28/2012Exercises Atacama Pacific Gold Corporation Warrants
Nominations of Gold Fields ltd
Financials of Gold Fields ltd
8/15/2011GFI: Q2 F2011 Results Presentation with Transcript
8/11/2011Q2 C2011 Results
5/22/2011GFI Q1 F2011 Results Material
4/8/2011- Q1 2011 Production in line with guidance
3/31/2011- Annual Report for the six months period ended 31 December ...
2/22/2011 Transcript & Slides of results presentation on Friday 18 Fe...
2/18/2011Results for the quarter and period ended 31 December 2010
Project news of Gold Fields ltd
4/12/201510:09 am Gold Fields announces a three year wage agreement w...
6/20/2011(Tarkwa) Gold Fields Ghana acquisition approved
6/20/2011(Damang) Gold Fields Ghana acquisition approved
5/26/2011(Kloof Mine) Gold Fields opens new housing complex
4/7/2011(Driefontein) - Fatalities at KDC Mine
4/30/2010(Damang)To raise production
10/6/2009(South Deep)Presentation Transcripts: Resources and Reserves, South Deep...
6/23/2009(Driefontein)Driefontein gold mine to resume production
5/5/2008(South Deep)Mining operations to resume at South Deep on Thursday
5/4/2008(South Deep)Memorial service and day of mourning to be held at South Dee...
5/2/2008(South Deep)Safety checks carried out on winding ropes following South D...
4/29/2008(Driefontein)Fatal accidents at driefontein
3/3/2008(Beatrix Mine)Beatrix and Driefontein mines achieve a million fatality-fre...
11/29/2007(Driefontein)Mining operations to resume at Driefontein
2/22/2006and Bolivar Gold announces stay of plan arrangement pending ...
2/20/2006Court approves plan of arrangement for Gold Fields to acquir...
Corporate news of Gold Fields ltd
7/26/20165 Hot South African Mining Stocks That Hedge Funds Love
7/22/2016GOLD FIELDS LIMITED - Two new appointments to the Gold Field...
7/19/2016High Volume Movers: Twitter, Sanchez Energy, Gold Fields, Mo...
7/14/2016Coverage Initiated on Select Gold Stocks
7/14/2016GOLD FIELDS LIMITED - Appointment of Yunus Suleman to the Go...
7/14/2016Appointment of Yunus Suleman to the Gold Fields Board of Dir...
7/11/2016Research Analysts’ Recent Ratings Changes for Gold Fields (G...
2/1/2016Why Gold and Palladium Prices Diverged in January
1/27/2016Production in-line; costs better than guidance
1/27/2016Returns and Price Variations in Recently Traded Equities -- ...
1/27/2016Gold Fields Limited: Production In-Line; Costs Better Than G...
1/27/2016GOLD FIELDS LIMITED - Production in-line; costs better than ...
1/26/2016Negative Free Cash Flow Isn’t That Bad for Some Gold Miners
1/26/2016AngloGold, Gold Fields Have Relatively Higher Financial Leve...
1/21/2016Gold Fields Top SA mining company in sustainability yearbook
1/19/2016GOLD FIELDS LIMITED - Results invitation and conference call...
1/15/2016GOLD FIELDS LIMITED - Appointment of director
1/8/2016Analyzing the South-African Mining Companies
1/7/2016What's behind call sale in Gold Fields
1/6/2016Notable option activity in equity names
12/29/2015Traders Look to Upside - New Reports on Gold Fields, TRI Poi...
12/23/2015A Refreshing Outlook - Comprehensive Research on Pan America...
12/22/2015GOLD FIELDS LIMITED - Dealing in securities
12/17/20152015 Has Been Hard on Mining Companies
12/11/2015Why Are These Stocks Surging Today?
12/2/2015Precious Metals Traded below Their 100-Day Moving Average Pr...
11/30/2015As ECB targets Parity with Dollar, Where Will Gold be in 201...
11/28/2015BGC Partners, Inc. (BGCP): Are Hedge Funds Right About This ...
11/25/2015Is La Quinta Holdings Inc (LQ) A Good Stock To Buy?
11/6/2015Will Rising Gold Demand in China Provide a Price Support?
11/3/2015GOLD FIELDS LIMITED - To Release Q3 2015 Results on 19 Novem...
10/30/2015Why Growth in Gold Production Is Important for Gold Miners
10/29/2015Bullions End the Day Positive as the Fed Eyes December
10/29/2015Evaluating Gold Production for Intermediate Gold Miners in 2...
10/28/2015Gold Rises on Weaker US Dollar
10/23/2015Venezuela May Dump Its Bullion Reserves
10/22/2015Gold Rebounds on a Weaker US Dollar and Equities
10/19/2015Gold Fields Ghana pays US$7m interim dividend to government
10/5/2015GOLD FIELDS LIMITED - Dealings in securities
10/1/2015Why Are Retail US Mint Gold Coin Sales on the Rise?
10/1/2015Gravitas Financial Inc Invests in Privest Wealth Management ...
9/22/2015GOLD FIELDS LIMITED - Dealings in securities
9/16/2015Which Mining Companies Have the Lowest AISC?
9/9/2015GOLD FIELDS LIMITED - Dealings in securities
9/7/2015GOLD FIELDS LIMITED - Dealings In Securities
9/4/2015GOLD FIELDS LIMITED - Dealings In Securities
9/2/2015South African Miners Looked Lucrative amid the Global Market...
9/2/2015Broad Commodities Market Sell-Off: Impact on Gold
8/25/2015China’s Yuan Devaluation Raises Concerns of Currency Wars
8/21/2015Gold Fields (GFI) Looks Good: Stock Moves 16.4% Higher
8/20/2015Why Positive Outlook on the US Dollar Is Negative for Gold
8/20/2015GOLD FIELDS LIMITED - Q2 ended 30 June 2015 Unaudited Result...
8/20/2015Cash Positive Despite The Lower Gold Price
8/19/2015GOLD FIELDS LIMITED - Changes to the board
8/14/2015Gold Fields sells its stake in Woodjam projects in Canada
8/13/2015Mid-Morning Market Update: Markets Decline; Kohl's Misses Q2...
8/11/2015Barrick Gold Grapples with Falling Gold Prices and Higher De...
7/29/2015Jobless Claims Data Point to a Firming US Labor Market
7/27/2015GOLD FIELDS LIMITED - Results presentation details
7/27/2015Gravitas Financial Inc. Closes Anchor Investment in India
7/20/2015Gold Producers Getting Battered Again As Gold Futures Hit Fi...
7/7/2015Russia and Kazakhstan Add to Gold Reserves in May
7/3/2015US Jobless Claims Rise but Labor Market Still Strong
6/23/2015SEC Closes Gold Fields Bribery Probe
4/27/2015Final Glance: Gold companies
4/27/2015Midday Glance: Gold companies
4/27/2015Early Glance: Gold companies
4/27/2015Gold Fields Form 20-F Filing
4/27/2015US Public Debt Steady in March
4/24/2015Reliance Steel (RS) Tops Q1 Earnings & Sales; Profits Soar -...
4/24/2015Newmont Tops on Q1 Earnings Estimates on Lower Costs - Analy...
4/23/2015Chinese and Indian Gold Buying: At the Peak since January 20...
4/22/2015Midday Glance: Gold companies
4/22/2015Gold Fields to Release Q1 2015 Results on 7 May 2015
4/22/2015Early Glance: Gold companies
4/21/2015Final Glance: Gold companies
4/20/2015US CPI Inflation Sees Marginal Uptick in February
4/16/2015Final Glance: Gold companies
4/15/2015Gold Fields (GFI) Issues Cost and Production Outlook for Q1 ...
4/15/2015Gold Fields Form 20-F filing
4/14/2015Production and Cost Guidance for Q1 2015
4/14/2015Early Glance: Gold companies
4/13/2015Gold Field Inks Wage Agreement with South Deep for 3 Years -...
4/10/2015Gold Fields Reaches Three-Year Wage Agreement at South Deep ...
4/10/2015Early Glance: Gold companies
4/9/2015Cash-fixated Gold Fields cleans up on marginal mining
4/2/2015Early Glance: Gold companies
3/31/2015Gold Fields Publishes Integrated Annual Report for the Year ...
3/27/2015Final Glance: Gold companies
3/27/2015Midday Glance: Gold companies
3/26/2015Early Glance: Gold companies
3/25/2015Good News for South Africa: Rand Strengthened against the US...
3/12/2015Weak rand double-edged sword for mining companies in South A...
3/11/2015Strong dollar drives gold prices lower: Will it break the ch...
9/22/2011Feedback from the Denver Gold Forum: Gold Fields Transcript...
9/21/2011Gold Fields makes second down-payment on FSE gold-copper pro...
9/8/2011Moody's changes Gold Fields Baa3 credit rating outlook to po...
8/25/2011Fraudulent Gold Fields websites
3/22/2011Launches a Voluntary Offer to Acquire Shares of Minorities i...
12/1/2010- Gold Fields sponsor University of Johannesburg mining engi...
6/29/2010Q4 F2010 Production at upper end of guidance
5/7/2010Production and earnings decline due to seasonal Christmas br...
4/14/2010Q3F2010 Teleconference Notification
3/26/2010Q3 F2010 Production in Line With Guidance
3/8/2010Transcript of BMO Presentation, 2 March 2010
3/2/2010- NUM withdraws strike notice on Gold Fields
2/23/2010Revises Guidance For Q3 F2010
2/4/2010Q2F2010 Results
12/17/2009Investor Events: 2010
12/4/2009Form 20-F filing
11/18/2009for your information
10/29/2009Q1F2010 Results for your information
10/27/2009Investor Events
10/16/2009for your information
10/14/2009and Anglogold Ashanti - Invitation - Australian Roadshow
10/9/2009Invitation - Investor Day - 3 November 2009
10/1/2009Q1 F2010 Guidance Update
9/18/2009GFI: Slides and Transcript of Denver Gold Forum Presentation...
9/8/2009Mineral Resource And Reserve Statement For 2009
8/24/2009for your information
8/13/2009GFI: Q4F2009 Results Transcript
8/6/2009Q4F2009 Results for your information
7/31/2009for your information
7/29/2009Media Roundtable - Thursday 6 August at 11h30
7/15/2009for your information
7/10/2009DATE CHANGE: Gold Fields Limited - Investor Day in October 2...
7/10/2009Investor Day-Save the Date
7/8/2009Q4F2009 Results invitation and Teleconference notification
7/3/2009Open Day in October 2009 - Save the Date
6/26/2009for your information
6/3/2009for your information
3/11/2009Limitd - Media release for your information
2/3/2009Transcript - Q2F2009 Presentation
1/29/2009Q2F2009 Results for your information
1/14/2009for your information
12/23/2008Limitd - Media release for your information
12/15/2008Q2F2009 Results information
12/15/2008Media releasefor your information
11/25/2008Media and Investor Relations contacts at Gold Fields Limited
11/20/2008for your information
9/29/2008for your information
8/25/2008Reseves and Resources Statement
8/15/2008Reserve and Resource Statement for 2008 Presentation
8/4/2008Transcript of Q4F2008 Results Presentation
8/1/2008Q4F2008 Results
7/30/2008for your information
6/25/2008for your information
6/25/2008Operational Results for Q4 F2008
5/20/2008Joint Announcement - Sino Gold and Gold Fields Limited
5/9/2008Q3F2008 Results for your information
4/4/2008Vishnu Pillay to head up Gold Fields operations in South Afr...
3/31/2008Change in leadership
3/17/2008South African operations additional power
3/17/2008Mvela Resources and Gold Fields Agrees on 50 million shares ...
3/7/2008Welcomes additional allocation of power
2/25/2008Electricity Crisis
1/31/2008Eskom Withdraws Authorisation for Mining Industry
1/31/2008Q2F2008 Results for your information
1/29/2008Reports Restoration of Power
1/28/2008Reports Sufficient Power Supply for Maintenance Work but Not...
12/20/2007Updates Operational Guidance for Q2 F2008.
12/10/2007 announces total attributable Ore Reserves of 91.6 million o...
11/28/2007Best Performer in its SRI Index
8/21/2007Mike Prinsloo resigns from GFBLA
2/6/2006and Goldquest limited expand association in dominican republ...
2/3/2006and Goldquest expand association in Dominican Republic
1/13/2006Bolivar shareholders approve Gold Fields takeover
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
US$ 13.18
10/12 17:00 0.070
Prev close Open
13.11 13.56
Low High
13.10 13.60
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
9.05 -  17.40 45.31%
Volume 1 month var.
6,601,386 -%
24hGold TrendPower© : -7
Produces Copper - Gold
Explores for Copper - Gold - Silver
Interactive chart Add to compare
Print Compare Export
Last updated on : 11/13/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
5 years chart
3 months chart
3 months volume chart
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
announces expected non-cash impairment
AU$ 7.62-0.13%Trend Power :
Oceana Gold(Au)OGC.AX
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
US$ 7.27-0.68%Trend Power :
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
Reduced Funding Requirement
GBX 0.67+6.35%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+30.00%Trend Power :
Closes Bridge Loan Financing
CA$ 2.13-0.47%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 9.41-3.59%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.22+0.00%Trend Power :
Q A April 2017 Quarterly Report
AU$ 0.24-2.04%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.44-4.64%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 46.69-0.13%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
2nd Quarter Report
AU$ 0.02+0.00%Trend Power :