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Johannesburg - Gold Fields [JSE:GFI] provided an updated production and cost guidance for the group for the December 2014 quarter and the full year 2014 financial year.
"Encouragingly, both all-in sustaining costs (AISC) and all-in costs (AIC) for the year are expected to be better than previous guidance," the company said on Friday.
Attributable gold equivalent production for the fourth quarter of 2014 is expected to be approximately 556 000 ounces -in the third quarter of 2014 it was 559 000 ounces - at AISC of $1 030/oz (3Q 2014: $1,074/oz) and AIC of $1 055/oz (3Q 2014: US$1,096/oz).
For FY14, attributable gold equivalent production is expected to be approximately 2.22 million ounces, with AISC of $1 060/oz and AIC of $1 095/oz.
The production expected for 2014 is slightly better than the original guidance of 2.20 million ounces.
The AISC expected for 2014 is approximately 6% better that the original guidance of $1 125/oz, provided on February 13 2014, and 3% better than the revised guidance of $1 090/oz provided on October 20 2014.
Similarly, the expected AIC for FY14 is approximately 5% better than the original guidance of $ 1 150/oz, and 3% better than the revised guidance of $1 130/oz.
Gold Fields’ full results for the quarter and year ended December 2014 will be published on Thursday February 12 2015.
