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Stock Market & Financial Investment News

News Breaks
April 3, 2013
17:29 EDTGFIGold Fields sees Q1 production 476,000 gold-equivalent ounces
Gold Fields announced that attributable group production for the new Gold Fields, excluding any contribution from Sibanye Gold, for Q1 is expected to be 476,000 gold-equivalent ounces. Cash costs are expected to be approximately $830/oz and NCE is expected to be approximately $1,290/oz. This performance from the new Gold Fields is in-line with the production guidance for 2013 of between 1.825M-1.9M ounces and the cash cost and NCE guidance of $860/oz and $1,360/oz respectively. When Gold Fields reports its results for Q1, it will, for accounting reasons, have to include two months of production from Sibanye Gold. On that basis production is expected to be reported as approximately 662,000 gold-equivalent ounces. Total cash costs are expected to be approximately $915/oz and NCE $1,325/oz.
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