PR Newswire
JOHANNESBURG
,
Feb. 10, 2021
/PRNewswire/ — Gold Fields Limited (Gold Fields) (JSE: GFI) (NYSE: GFI) advises that headline earnings per share for the 12 months ended
31 December 2020
(FY 2020) are expected to range from
US$0.81
-0.85 per share, 305-325% (
US$0.61
-0.65 per share) higher than the headline earnings of
US$0.20
per share reported for the 12 months ended
31 December 2019
(FY 2019).
Basic earnings per share for FY 2020 are expected to range from
US$0.80
-0.84 per share, 300-320% (
US$0.60
-0.64 per share) higher than the basic earnings of
US$0.20
per share reported for FY 2019.
Normalised earnings per share for FY 2020 are expected to range from
US$0.98
-1.02 per share, 133-143% (
US$0.56
-0.60 per share) higher than the normalised earnings of
US$0.42
per share reported for FY 2019.
The increase in basic and headline earnings is driven by slightly higher production and higher gold prices received, despite the hedges that were in place during 2020.
Strong end to 2020
For Q4 2020, attributable gold equivalent production is expected to be 593koz (Q3 2020: 557koz), with All-in costs (AIC) for the quarter expected to be
US$1,113
/oz (Q3 2020:
US$1,070
/oz). All-in sustaining costs (AISC) are expected to be
US$971
/oz (Q3 2020:
US$964
/oz).
Attributable gold equivalent production for 2020 is expected to be 2,236koz, a 2% increase YoY (FY 2019: 2,195koz), within the revised guidance range of 2,200 – 2,250koz. Original guidance of 2.275Moz – 2.315Moz was revised in
May 2020
to account for the impact of Covid-19 on the operations, mainly at South Deep and
Cerro Corona
.
AIC for 2020 is expected to be
US$1,079
/oz, marginally higher than 2019 (FY 2019:
US$1,064
/oz) and within the revised guidance range of
US$1,070
/oz –
US$1,090
/oz. AISC for the year is expected to be
US$977
/oz (FY 2019:
US$897
/oz), again within the revised guidance range of between
US$960
/oz and
US$980
/oz.
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 FY 2020 financial results on Thursday,
18 February 2021
.
Enquiries
Investors
Avishkar Nagaser
Tel: +27 11 562-9775
Mobile: +27 82 312 8692
Email:
[email protected]
Thomas Mengel
Tel: +27 11 562-9849
Mobile: +27 72 493 5170
Email:
[email protected]
Media
Sven Lunsche
Tel: +27 11 562-9763
Mobile: +27 83 260 9279
Email:
[email protected]
Notes to editors
About Gold Fields
Gold Fields is a globally diversified gold producer with nine operating mines in
Australia
,
Peru
,
South Africa
and
West Africa
(including the Asanko JV), as well as one project in
Chile
. We have total attributable annual gold-equivalent production of 2.2Moz, attributable gold-equivalent Mineral Reserves of 51.3Moz and Mineral Resources of 115.7Moz. Our shares are listed on the Johannesburg Stock Exchange (JSE) and our American depositary shares trade on the New York Stock Exchange (NYSE).
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SOURCE Gold Fields Limited
