Le Lézard
Classified in: Mining industry, Business
Subjects: ERN, ACC

Gold Fields Limited: Trading statement and operational performance for H1 2022


 

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: [email protected]

Thomas Mengel
Tel: +27 11 562 9849
Mobile: +27 72 493 5170
Email : [email protected]

Media Enquiries

Sven Lunsche
Tel: +27 11 562 9763
Mobile: +27 83 260 9279
Email: [email protected]

SOURCE Gold Fields Limited


These press releases may also interest you

at 18:03
Revenue Revenue for the year was $238.5, down $1.4 from sales of $239.9 in 2022. The Company's  sales were flat when compared to 2022 and 2021 included a fifteen month period due to the accounting change from September 30 to December 31. Twelve-month...

at 18:02
Buhler Industries Inc. ("Buhler Industries or the Company"), the manufacturer of Versatile and Farm King brands of farm equipment, has made operational restructuring changes in the first quarter of 2024 that is expected to result in significant full...

at 18:01
Buhler Versatile Inc. ("Versatile"), a wholly owned subsidiary of Buhler Industries Inc. (Buhler Industries or the Company), has received $14.4 million Canadian ($10.7 million USD) in additional long term financing from its majority owner Ba?ak...

at 18:00
Pelangio Exploration Inc. ("Pelangio" or the "Company") is pleased to announce that it has closed the first tranche of a non-brokered private placement of up to $500,000 announced on February 28th, 2024 (the "Private...

at 18:00
Grant Adolph, Chairman of the Board of Directors of Buhler Industries Inc. ("Buhler Industries or the Company"), the manufacturer of Versatile and Farm King brands of farm equipment, has announced on January 24, 2024 the appointment of Zafer...

at 17:45
Titan Mining Corporation ("Titan" or the "Company") is pleased to announce the appointment of Ty Minnick as Interim CFO of the Company effective April 1, 2024. Mr. Minnick has been affiliated with the Augusta Group as a consultant of Augusta Gold...



News published on and distributed by: