Gold Fields expects improved production and costs for Q3 of 2013

Johannesburg, South Africa — 07 October 2013 – Gold Fields Limited “’ global producer of some 2Mozpa from six mines on three continents “’  expects attributable Group production for the September quarter of 2013 to be 496 000 gold-equivalent ounces, which is 10% higher than the 451,000 achieved in the June 2013 quarter.

Making this announcement in a statement released here, the company revealed that cash costs were expected to be approximately US$780/oz, which was 9% lower than the US$857/oz achieved in Q2. Notional cash expenditure (NCE) was expected to be approximately US$1,080/oz, 13% below the US$1,239/oz achieved in Q2.

The statement went on to confirm that Gold Fields was 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.

Source: Gold Fields Ltd. For more information, click here.