Guidance update - Gold Fields expects improved production and costs for Q3 2013
Johannesburg, 3 October 2013: Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced that attributable Group production for the September 2013 quarter (Q3 2013) is expected to be 496,000 gold-equivalent ounces, which is 10% higher than the 451,000 achieved in the June 2013 quarter (Q2 2013).
Cash costs are expected to be approximately US$780/oz, which is 9% lower than the US$857/oz achieved in Q2, and notional cash expenditure (NCE) is expected to be approximately US$1,080/oz, 13% lower than the US$1,239/oz achieved in Q2.
Gold Fields is on track to achieve its full-year production guidance for 2013 of between 1,825,000 and 1,900,000 ounces, as well as its guidance for cash cost and NCE of US$830/oz and US$1,240/oz respectively, as revised on 22 August, 2013. The original cash cost and NCE guidance for 2013 was US$860/oz and US$1,360/oz respectively. Gold Fields will release its full results for Q3 2013 on Wednesday, 20 November 2013.
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