JOHANNESBURG, Aug. 4, 2022
/PRNewswire/ -- Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI)
advises that headline earnings per share for the six months ended
30 June 2022 (H1 2022) are expected
to range from US$0.56-0.60 per
share (US$0.11-0.15 per share
higher), which is 24% to 33% higher than the headline earnings of
US$0.45 per share reported for the
six months ended 30 June 2021 (H1
2021). The increase in headline earnings is driven by higher
production and gold price, partially offset by higher costs.
Basic earnings per share for H1 2021 are expected to range from
US$0.55-0.59 per share (US$0.11- 0.15 per share higher), which is
25% to 34% higher than the basic earnings of US$0.44 per share reported for H1 2021.
Normalised earnings per share for H1 2022 are expected to range
from US$0.54-0.58 per share
(US$0.05-0.09 per share higher),
which is 10% to 18% higher than the normalised earnings of
US$0.49 per share reported for H1
2021.
Q2 2022 operational performance
For Q2 2022,
attributable gold equivalent production is expected to be 621koz
(Q1 2022: 580koz), with All-in costs (AIC) for the quarter expected
to be US$1,382/oz (Q1 2022:
US$1,320/oz). All-in sustaining costs
(AISC) are expected to be US$1,146/oz
(Q1 2022: US$1,150/oz).
H1 2022 operational performance
Attributable gold
equivalent production for H1 2022 is expected to be 1,201koz, a 9%
increase YoY (H1 2021: 1,104koz).
AIC for H1 2022 is expected to be US$1,352/oz, higher than H1 2021 (US$1,274/oz), a 6% increase YoY, as a result of
an increase in operating costs driven by mining inflation and the
increased project capex at Salares Norte. AISC for H1 2022 is
expected to be US$1,148/oz (H1 2021:
US$1,093/ oz), a 5% increase YoY.
The financial information on which this trading statement is
based has not been reviewed, and reported on, by the Company's
external auditors.
Gold Fields expects to release H1 2022 financial results on
Thursday, 25 August 2022.
Notes to editors
About Gold Fields
Gold Fields Limited is a globally
diversified gold producer with nine operating mines in Australia, Peru, South
Africa, and West Africa
(including the Asanko Joint Venture) and one project in
Chile. We have total attributable
annual gold-equivalent production of 2.34Mo, attributable
gold-equivalent Mineral Reserves of 48.6Moz and gold Mineral
Resources of 111.8Moz. Our shares are listed on the Johannesburg
Stock Exchange (JSE) and our American depositary share trade on the
New York Stock Exchange (NYSE).
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
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
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SOURCE Gold Fields Limited