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Production in-line; costs better than guidance
Wednesday,
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.
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Q4 2015
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Q3 2015
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St Ives
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100.4
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83.6
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Agnew/Lawlers
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65.7
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57.5
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Granny Smith
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72.4
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82.1
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Darlot
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24.6
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25.4
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Total Australia
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263.0
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248.6
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Tarkwa
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130.2
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134.4
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Damang
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38.6
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40.0
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Total Ghana
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168.8
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174.4
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Cerro Corona
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65.9
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78.8
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Total Peru
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65.9
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78.8
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South Deep
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68.1
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54.9
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Total South Africa
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68.1
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54.9
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Total Group
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566.0
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556.7
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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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Gold Fields ltd
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PRODUCER |
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CODE : GFI |
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ISIN : US38059T1060 |
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ProfileMarket
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Asset profileContact 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. |