Gold Fields Limited Trading Statement for FY 2020

Goldbarren unterschiedlicher Größe. pexels.com

PR Newswire

JOHANNESBURG, Feb. 10, 2021

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.

ARIVA.DE Börsen-Geflüster

Kurse

Gold Fields Ltd ADR

12,50 €

-2,34%

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: Avishkar.Nagaser@goldfields.com

Thomas Mengel
Tel: +27 11 562-9849
Mobile: +27 72 493 5170
Email: Thomas.Mengel@goldfields.com

Media

Sven Lunsche
Tel: +27 11 562-9763
Mobile: +27 83 260 9279
Email: Sven.Lunsche@goldfields.com

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).

View original content:http://www.prnewswire.com/news-releases/gold-fields-limited-trading-statement-for-fy-2020-301225788.html

SOURCE Gold Fields Limited

Mehr Nachrichten zur Gold Fields Ltd ADR Aktie kostenlos abonnieren

E-Mail-Adresse

Benachrichtigungen von ARIVA.DE
(Mit der Bestellung akzeptierst du die Datenschutzhinweise)

Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.