Gold Fields Limited (NYSE & JSE: GFI) today announced net earnings for the June quarter of R1,267 million compared with R1,100 million in the March quarter and earnings of R900 million in the June 2010 quarter. In US dollar terms net earnings for the June quarter were US$186 million, compared with US$158 million in the March quarter and earnings of US$120 million in the June 2010 quarter.
June 2011 quarter salient features:
- Group attributable equivalent gold production of 872,000 ounces, 5 per cent higher than the March quarter;
- Total cash cost of R177,934 per kilogram (US$816 per ounce);
- NCE margin constant at 21 per cent;
- Programme to acquire minorities in Peru and Ghana completed; and
- 5 year US$1 billion loan facility secured.
Interim dividend of 100 SA cents per share is payable on 5 September 2011.
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