JOHANNESBURG, Aug. 2, 2019 /PRNewswire/ -- Gold Fields Limited
(Gold Fields) (JSE:GFI) (NYSE: GFI) advises that basic earnings per
share for the six months ended 30 June
2019 (H1 2019) is expected to be between US¢8.0-10.0 per
share, an improvement of US¢53.0-55.0 per share (118-122%) from the
basic loss of US¢45.0 per share reported for the six months ended
30 June 2018 (H1 2018).
Headline earnings per share (HEPS) for H1 2019 are expected to
be 10-15% (US¢0.8-1.2 per share) lower at US¢6.8-7.2 per share from
the US¢8 per share reported for H1 2018
Normalised earnings for H1 2019 are expected to be US¢13.0-17.0
per share, 160-240% (US¢8.0-12.0 per share) higher than the US¢5.0
per share reported for H1 2018.
Attributable gold equivalent production for the six months ended
30 June 2019 increased by 9% YoY to
1,083koz (H1 2018: 994koz), mainly due to the inclusion of the
contribution from Asanko in H1 2019.
On 14 November 2018, the World
Gold Council (WGC) published an update to its guidance on the
interpretation of all-in sustaining costs (AISC) and all-in costs
(AIC). Gold Fields has adopted the revision prospectively from
1 January 2019. Based on the revised
WGC guidance, AISC for the Group is US$891/oz for H1 2019. On the previous
interpretation, AISC for the period was US$973/oz (H1 2018: US$965/oz), marginally higher YoY.
AIC for H1 2019 was 5% lower YoY at US$1,106/oz (H1 2018: US$1,169/oz) as project capital started to
decrease. AIC reporting was not affected by the revised WGC
guidance.
For Q2 2019 attributable group gold-equivalent production was
541koz (Q1 2019: 542koz), with AISC (new interpretation) of
US$910/oz (Q1 2019: US$871/oz); AISC (previous interpretation) of
US$985/oz (Q1 2019: US$963/oz) and AIC of US$1,132/oz (Q1 2019: US$1,080/oz).
The financial information on which this trading statement is
based has not been reviewed, and reported on, by the Company's
external auditors.
Gold Fields will release H1 2019 financial results on Thursday,
15 August 2018.
Notes to editors
About Gold
Fields
Gold Fields Limited is a globally diversified gold producer with
eight operating mines (including our Asanko Joint Venture) and
projects in Australia,
Chile, Ghana, Peru
and South Africa, with total
attributable annual gold-equivalent production of approximately
2Moz. It has attributable gold Mineral Reserves of around 48.1Moz
and gold Mineral Resources of around 96.6Moz. Attributable copper
Mineral Reserves total 691 million pounds and Mineral Resources
4,816 million pounds. Gold Fields has a primary listing on the
Johannesburg Stock Exchange (JSE) Limited, with a secondary listing
on the New York Stock Exchange (NYSE).
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
Enquiries
Investors
Avishkar Nagaser
Tel: +27-11-562-9775
Mobile: +27-82-312-8692
Email : Avishkar.Nagaser@goldfields.com
Thomas Mengel
Tel: +27-11-562-9849
Mobile: +27-72-493-5170
Email: Thomas.Mengel@goldfields.com
Media
Sven Lunsche
Tel: +27-11-562-9763
Mobile: +27-83-260-9279
Email : Sven.Lunsche@goldfields.com
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SOURCE Gold Fields Limited
