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Gold Fields Limited Results For The Quarter And Year Ended 31 December 2012

JOHANNESBURG, Feb. 14, 2013 /CNW/ - Gold Fields Limited (NYSE & JSE, NASDAQ Dubai: GFI) today announced net earnings for the December quarter of R546 million compared with R1,424 million in the September quarter and R2,605 million in the December 2011 quarter.  Net earnings from continuing operations for the December quarter amounted to R382 million compared with R1,000 million in the September quarter and R1,467 million in the December 2011 quarter.  Net earnings from discontinued operations for the December quarter amounted to R164 million compared with R425 million in the September quarter and R1,138 million in the December 2011 quarter.

In US dollar terms net earnings for the December quarter were US$54 million, compared with US$171 million in the September quarter and US$336 million in the December 2011 quarter.  Net earnings from continuing operations for the December quarter were US$41 million, compared with US$122 million in the September quarter and US$186 million in the December 2011 quarter.  Net earnings from discontinued operations for the December quarter were US$13 million, compared with US$48 million in the September quarter and US$150 million in the December 2011 quarter.

December 2012 quarter salient features-including continuing and discontinued operations
  • Illegal strike action at KDC and Beatrix resulted in 110,000 ounces of lost production;
  • Gold Fields unbundles and lists Sibanye Gold, formerly GFIMSA (KDC, Beatrix and Service companies);
  • Gold production for total Gold Fields down 7 per cent at 754,000 equivalent attributable ounces due to illegal strikes;
  • Total cash cost for total Gold Fields of US$946 per ounce and NCE of US$1,476 per ounce; and
  • Operating margin for total Gold Fields of 44 per cent and NCE margin of 13 per cent.

A final dividend of 75 SA cents per share (gross) is payable on 11 March 2013, giving a total dividend for the year ended December 2012 of 235 SA cent per share (gross).

Full results are available on the company website at  http://www.goldfields.co.za

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