Directors: M A Ramphele (Chair), N J Holland
†
** (Chief Executive Officer), P A Schmidt** (Chief Financial Officer), K Ansah
# , C A Carolus, R Dañino*, A R Hill
≠,
D L Lazaro^, R P Menell, M S Moloko, D N Murray, D M J Ncube, R L Pennant-Rea †
, G M Wilson
† British, ≠ Canadian, # Ghanaian, *Peruvian, ^Filipino, ** Executive Director
Corporate Secretary: C Farrel
Gold Fields Limited
Reg. 1968/004880/06
150 Helen Road,
Sandown, Sandton,
2196
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 562 9700
Fax +27 11 562 9838
www.goldfields.co.za
Enquiries
Investor Enquiries
Zakira Amra
Tel
+27 11 562 9775
Mobile +27 79 694 0267
email Zakira.Amra@
goldfields.co.za
Willie Jacobsz
Tel +1 508 839 1188
Mobile +1 857 241 7127
email
Willie.Jacobsz@
gfexpl.com
Media Enquiries
Sven Lunsche
Tel
+27 11 562 9763
Mobile +27 83 260 9279
email Sven.Lunsche@
goldfields.co.za
MEDIA RELEASE
Guidance for March 2012 Quarter
Johannesburg, 16 April 2012: Gold Fields Limited (Gold Fields)
(JSE, NYSE, NASDAQ Dubai: GFI) today announced that
attributable Group production for the March 2012 quarter (Q1 2012)
is expected to be 827,000 gold equivalent ounces which is similar to
the production from the corresponding quarter a year ago (Q1 2011:
830,000 gold equivalent ounces) and taking into account seasonal
variances underpins the 2012 full year production guidance of
3.5Moz to 3.7Moz.
Total cash costs and notional cash expenditure (NCE) for the quarter
are expected to be approximately US$875/oz (R218,000/kg) and
US$1,285/oz (R320,000/kg) respectively. Gold Fields NCE for Q1
2012 compares favourably with the average NCE for the peer group 1
of US$1,281/oz for CY 2011.
This guidance is based on exchange rates of ZAR/US$7.77 and
A$/US$1.05 for Q1 2012.
Gold Fields will release full results for Q1 2012 on Thursday, 17 May
2012.
1.
Source: J.P. Morgan estimates. The NCE average for the peer group is calculated as a
simple average and is not production weighted. Note: NCE = Operating costs excluding
royalties plus capital expenditure expressed per ounce of gold produced. Newmont does
not report royalty costs separately. Royalty costs are J.P. Morgan estimates and actuals
could differ. The peer group includes: AngloGold Ashanti, Gold Fields, Kinross; Newmont,
Barrick Gold, Harmony; GoldCorp and Newcrest
ends
Notes to editors
About Gold Fields
Gold Fields is one of the world’s largest unhedged producers of gold with attributable
annualised production of 3.5 million gold equivalent ounces from eight operating mines in
Australia, Ghana, Peru and South Africa. Gold Fields also has an extensive and diverse global
growth pipeline with four major projects in resource development and feasibility, with
construction decisions expected in the next 18 to 24 months. Gold Fields has total attributable
gold equivalent Mineral Reserves of 80.6 million ounces and Mineral Resources of 217 million
ounces. Gold Fields is listed on the JSE Limited (primary listing), the New York Stock