Gold Fields Guidance for September Quarter 2010

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Sep 23, 2010, 05:39 ET

JOHANNESBURG, September 23, 2010 /PRNewswire-FirstCall/ -- Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) has announced that attributable Group production for the September quarter 2010 is expected to be about 906,000 oz.

Total cash cost is expected to be approximately US$715/oz and notional cash expenditure (NCE) about US$1,020/oz. NCE is in line with the higher capital expenditure planned for the September and December quarters of 2010. Costs in South Africa during the September quarter were also impacted by the winter electricity tariffs. The guidance is based on an exchange rate of US$/R7.35 and A$/US$0.88.

Nick Holland, Chief Executive Officer of Gold Fields, said: "We are pleased with the progress we have made during the September quarter and are on track to achieve our annual guidance for the 12 months to end-June 2011."

Gold Fields' September quarter results will be published on Thursday, 4 November 2010.

Notes to editors

About Gold Fields

Gold Fields is one of the world's largest unhedged producers of gold with attributable production of 3.5 million gold equivalent ounces per annum from nine operating mines in South Africa, Ghana, Australia and Peru. Gold Fields also has an extensive growth pipeline with both greenfields and near-mine exploration projects at various stages of development. Gold Fields has total attributable gold equivalent Mineral Reserves of 78 million ounces and Mineral Resources of 281 million ounces. Gold Fields is listed on JSE Limited (primary listing), the New York Stock Exchange (NYSE), the NASDAQ Dubai Limited, the Euronext in Brussels (NYX) and the Swiss Exchange (SIX).

http://www.goldfields.co.za

SOURCE Gold Fields Limited