Chinese bullion demand takes hit in risk to gold price rally
Total demand for bullion fell almost 6% from a year earlier in the first half to 524 tons, the China Gold Council said.
Johannesburg, 20 October 2014:
Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today published updated production guidance for the Group for the September 2014 quarter (Q3 2014).
Attributable gold equivalent production for the quarter is expected to be approximately 559,000 ounces at All-in Sustaining Costs (AISC) of US$1,074/oz and All-in Costs (AIC) of US$1,096/oz.
Gold Fields remains on track to achieve its production guidance for the full-year 2014, of approximately 2,200,000 ounces of gold equivalent production, as published on 13 February 2014.
Costs for the full year, however, is expected to be lower than the guidance published on 13 February 2014. AISC guidance for the full year is revised down to approximately US$1,090/oz (previously US$1,125/oz) and AIC guidance is revised down to approximately US$1,130/oz (previously US$1,150/oz).
Gold Fields will release its full results for Q3 2014 on Thursday, 20 November 2014.
via Gold Fields – Media releases.
