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
UPDATE FOR FINANCIAL YEAR ENDED
DECEMBER 2011 AND Q4 2011
Johannesburg, 18 January 2012: Gold Fields Limited (Gold Fields)
(JSE, NYSE, NASDAQ Dubai: GFI) has announced that attributable
Group production for the financial year ended December 2011 (FY
2011) is expected to be 3.49 million gold equivalent ounces.
Total cash cost for FY 2011 is expected to be approximately US$800/oz
(R185,000/kg) and notional cash expenditure (NCE) approximately
US$1,180/oz (R275,000/kg), both of which are lower than the guidance
given on 10 November 2011 for total cash costs of US$810/oz
(R187,000/kg) and NCE of US$1,200/oz (R277,000/kg).
Group attributable production for the December quarter (Q4 2011) is
expected to be 883,000 gold equivalent ounces, which is 1.9% lower
than the previous quarter (Q3 2011: 900,000 gold equivalent ounces).
The lower production for Q4 2011 is as a result of production disruptions
in Ghana due to power outages and a slower milling rate at Tarkwa, due
to harder material associated with a change in the blend of material fed
to the plant. In the South Africa region production was impacted by stop
and fix interventions at Beatrix and a lower underground grade at South
Deep due to changes in the mining mix needed to increase flexibility.
Gold equivalent production at Cerro Corona, in Peru, was adversely
impacted by the lower copper price relative to the gold price in Q4 2011.
Costs during the quarter were well contained with total cash cost
expected to be approximately US$770/oz (R200,000/kg) and NCE
approximately US$1,210/oz (R315,000/kg).
Gold Fields' quarterly results as well as results for the financial year
ended December 2011 will be released on Friday, 17 February 2012.
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 76.7 million ounces and Mineral Resources of 225.4
million ounces. Gold Fields is listed on the JSE Limited (primary listing), the New York Stock
Exchange (NYSE), NASDAQ Dubai Limited, Euronext in Brussels (NYX) and the Swiss
Exchange (SWX).
Sponsor: J.P. Morgan Equities Limited