Directors C A Carolus (Chair), N J Holland ** (Chief Executive Officer), P A Schmidt** (Chief Financial Officer), A Andani
#
, P J Bacchus , T
P Goodlace, R P Menell, D M J Ncube, S P Reid^, Y G H Suleman, G M Wilson
^Australian, British,
#
Ghanaian, ** Executive Director
Company Secretary: MML Mokoka
Gold Fields Limited
Reg. 1968/004880/06
150 Helen Road,
Sandown, Sandton,
2196
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 562 9700
Fax +27 11 562 9838
www.goldfields.com
Investor Enquiries
Avishkar Nagaser
Tel
+27 11 562 9775
Mobile
+27 82 312 8692
email
Avishkar.Nagaser@
goldfields.com
Thomas Mengel
Tel
+27 11 562 9849
Mobile
+27 72 493 5170
email
Thomas.Mengel@
goldfields.com
Media Enquiries
Sven Lunsche
Tel
+27 11 562 9763
Mobile
+27 83 260 9279
email
Sven.Lunsche@
goldfields.com
M E D I A R E L E A S E
Trading statement for twelve months to
31 December 2016
Johannesburg, Friday, 3 February 2017: Gold Fields Limited (Gold
Fields) (JSE, NYSE: GFI) advises that earnings per share (EPS) for the
twelve months ended 31 December 2016 (FY 2016) are expected to be
between 160% and 170% (US$0.49 to US$0.52) higher than the loss per
share of US$0.31 reported for the twelve months ended 31 December
2015 (FY 2015), at a range between US$0.18 and US$0.21.
Headline earnings per share (HEPS) for FY 2016 are expected to be
between 730% and 780% (US$0.29 to US$0.31) higher than the headline
loss per share of US$0.04 reported for FY 2015, at a range between
US$0.25 and US$0.27.
In addition, normalised earnings per share for the period are expected to
be between 280% and 320% (US$0.17 to US$0.19) higher than the
normalised earnings per share of US$0.06 reported for FY 2015, at a
range between US$0.23 and US$0.25.
The increases in EPS, HEPS and normalised earnings are primarily
driven by an increase in the US$ gold price (8% YoY) and lower net
operating costs in local currencies as well as the impact of converting
these costs at weaker exchange rates. In addition, EPS is impacted by
lower non-recurring items. In FY 2016, the A$ was 1% weaker YoY and
the rand was 13% weaker YoY, against the US$.
For FY 2016, attributable gold equivalent production is expected to be
2,146koz (FY 2015: 2,159koz), with all-in sustaining costs (AISC) of
US$980/oz (FY 2015: US$1,007/oz) and all-in costs (AIC) of
US$1,006/oz (FY 2015: US$1,026/oz). This compares to revised
guidance of 2,100koz 2,150koz at AISC of US$1,000/oz US$1,010/oz
and AIC of US$1,035/oz US$1,045/oz.
Attributable gold equivalent production for Q4 2016 is expected to be
566koz (Q3 2016: 537koz), with AISC of US$911/oz (Q3 2016:
US$1,026/oz) and AIC of US$941/oz (Q3 2016: US$1,038/oz)
The financial information on which this trading statement is based has not
Gold Fields will release FY 2016 financial results on Thursday, 16
February 2017.