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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.
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 | ||
Tarkwa | 130.2 | 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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Gold Fields Ltd. issued this content on 27 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 January 2016 13:18:53 UTC
Original Document: https://www.goldfields.co.za/med_news_article.php?articleID=3115