Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced that attributable Group production for the June quarter (Q2 2011) is expected to be approximately 872,000 gold equivalent ounces, which is 5% higher than the previous quarter (Q1 2011 – 830,000oz).
During Q2 2011 production from the South Africa Region was impacted by six public holidays as well as two significant seismic-related accidents at the KDC (Kloof Driefontein Complex) mine, which resulted in production stoppages due to safety interventions. In the Australasia Region production was affected by a week-long, unplanned mill-outage at St Ives. Remedial actions in respect of the seismic-related accidents and the unplanned mill-outage were satisfactorily completed during the latter part of Q2 2011.
Total cash costs and notional cash expenditure (NCE) are expected to be approximately US$815/oz (R175,000/kg) and US$1,185/oz (R260,000/kg) respectively.
The full results for Q2 2011 and first half 2011 will be published on Thursday, 11 August 2011.
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