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Gold Fields expects improved Q2 results

Gold Fields expects improved Q2 results

Photo by Duane Daws

13th July 2015

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

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JOHANNESBURG (miningweekly.com) – JSE-listed Gold Fields expects to report “much improved” results for the second quarter of the year.

It noted that attributable gold equivalent production for the quarter ended June 30, was expected to be about 535 000 oz, compared with the 501 000 oz produced in the first quarter of the year.

Further, all-in sustaining cost (AISC) for the quarter was $1 030/oz, while the all-in cost (AIC) was $1 0 60/oz, compared with an AISC stood of $1 143/oz and an AIC of $1 164/oz in the first quarter of the year.

Gold Fields said its full-year attributable gold equivalent production guidance of 2.2-million ounces at an AISC of $1 055/oz and an AIC of $1 075/oz, remained intact. 

The gold miner’s results for the second quarter would be released on August 20.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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