HomeGoldGold Fields expects production of 2.16 Moz in 2015, inline with guidance

Gold Fields expects production of 2.16 Moz in 2015, inline with guidance

Dual-listed international gold miner Gold Fields expects its attributable equivalent gold production for the 2015 financial year to be 2.16 Moz, which is within 1% of the original guidance provided in February 2015 of 2.17 Moz.

The gold miner also expects its unit cost to be lower than the improved guidance, which was published in November 2015, with all-in sustaining costs (AISC) estimated at US$1 020/oz. This is lower than the guidance of $1 035/oz).

Gold Fields expects its all-in Costs (AIC) to be $1 035/oz, which is an improvement on the guidance of $1 055/oz.

The original guidance for AISC and AIC as released in February was $1 055/oz and $1,075/oz, respectively.

For the fourth quarter of 2015, group attributable equivalent gold production is expected to be 566 000 oz, compared with 556 700 in the previous quarter, with AISC of $940/oz  and AIC of $950/oz.

This is compared with an AISC of $948/oz and AIC of $961/oz in the previous quarter.

Gold Fields’ financial results for the quarter and year ended 31 December 2015 will be published 18 February 2016.

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Chantelle Kotze
Chantelle Kotze is a Johannesburg-based media professional. She is a contributor at Mining Review Africa (Clarion Events - Africa) and has created content for the media brand over the past 6 years.