Gold Fields’ South
Deep mine
 
Johannesburg, South Africa — 06 July 2012 – Gold Fields is on track to achieve its output guidance for 2012, after announcing that it expected to report a total of 862,000oz of gold production for the second quarter of 2012.

Miningmx reports that this figure places company’s total production for the year so far at 1.68Moz  – about 48% towards the lower level of its full-year guidance of between 3.5Moz and 3.7Moz.

Total cash costs and notional cash expenditure (NCE) for the quarter are expected to be around US$855/oz and US$1,310/oz respectively, in line with the annual guidance of US$860/oz for cash cost and US$1,300/oz for operational NCE, as well as anticipated capital project expenditure of between US$40 and US$70 per ounce.

Gold Fields said it would release full results of the past quarter on 23 August.

Source: Miningmx. For more information, click here.