Johannesburg, South Africa — 26 June 2008 – Gold Fields Limited – listed on the JSE, the New York Stock Exchange and the Dubai International Financial Exchange – says operational results for the fourth quarter of its 2008 financial year will be better than anticipated last month.
In a media release issued here the company said group attributable production for the fourth quarter was expected to be up approximately 4.5%, compared to that reported for the previous quarter. It added that South African production for Q4 of F2008 was expected to rise by approximately 6.6% against the production achieved for Q3 of F2008,which was better than the previous guidance of an improvement of between 2% and 4%, due mainly to improved quality mining at Beatrix.
Attributable production from the group’s international mines for Q4 F2008 is expected to be flat, the release said. Preliminary indications are that group cash costs in US$ terms will be similar to the previous quarter.
Latest results for F2008 and Q4 F2008 will be published on Friday, August 1, 2008.
Gold Fields is one of the world’s largest un-hedged producers of gold with attributable production approaching 4 million oz per annum, total attributable ore reserves of 92 million oz and mineral resources of 252 million oz. The Group employs some 47,000 permanent employees across its operations.