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, C E Letton^, R P Menell, D M J Ncube, S P Reid^, Y G H Suleman
^Australian,
†
British,
#
Ghanaian, ** Executive Director
Company Secretary: M M L 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 six months to 30 June 2017
Johannesburg, 27 July 2017: Gold Fields Limited (Gold Fields) (JSE,
NYSE: GFI) advises that earnings per share (EPS) for the six months
ended 30 June 2017 (H1 2017) are expected to be 43-57% (US$0.06-
0.08) lower than the US$0.14 per share reported for the six months
ended 30 June 2016 (H1 2016), at US$0.06-0.08 per share. Headline
earnings per share (HEPS) for H1 2017 are expected to be 38-50%
(US$0.06-0.08) lower than the US$0.16 per share reported for H1
2016, at US$0.08-0.10 per share.
In addition, normalised earnings for the period are expected to be
15-31% (US$0.02-0.04) lower than the US$0.13 per share reported
for H1 2016 at US$0.09-0.11 per share.
The decreases in EPS, HEPS and normalised earnings are mainly due
to the impact of stronger exchange rates on converting local currency
costs to US dollars and an increase in amortisation. The higher
amortisation relates mainly to Tarkwa as a result of lower reserve
ounces (as reported on 28 March 2017) and an increase in ore mined
and stockpiled. In addition, EPS and HEPS are impacted by non-
recurring items, including the silicosis provision as detailed below.
Attributable gold equivalent production for Q2 2017 is expected to be
550koz (Q1 2017: 497koz), with all-in sustaining costs (AISC) of
US$949/oz (Q1 2017: US$1,016/oz) and all-in costs (AIC) of
US$1,092/oz (Q1 2017: US$1,114/oz).
For H1 2017, attributable gold equivalent production is expected to be
1,047koz (H1 2016: 1,044koz), with AISC of US$980/oz (H1 2016:
US$992/oz) and AIC of US$1,103/oz (H1 2016: US$1,024/oz).
Silicosis provision
Silicosis and TB class and individual actions
As previously disclosed, a consolidated application was brought
against several South African mining companies, including Gold
Fields, for certification of a class action on behalf of current or former
mineworkers (and their depend nts) who have allegedly
contracted silicosis and/or tuberculosis while working for one or
more of the mining companies listed in the application.