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Company Annoucements:Gold Fields Expects Improved Production And Costs For Q3 2013

3rd October 2013

By: Creamer Media Reporter

  

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Gold Field Limited  (0.06 MB)

Gold Fields Limited (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.

Edited by Creamer Media Reporter

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