Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
JOHANNESBURG, April 14, 2015 /PRNewswire/ —
Gold Fields Limited (GFI) (Gold Fields) (JSE, NYSE (NYX), NASDAQ Dubai: GFI) provides production and cost guidance for the Group for the March 2015 quarter (Q1 2015). First quarter production was planned lower due to the Christmas break in South Africa and mine scheduling at the other operations. There was a concomitant increase in unit costs, despite overall costs being well contained.
Attributable gold equivalent production for the quarter is expected to be approximately 501,000 ounces (Q4 2014: 556,000 ounces) at All-in Sustaining Costs (AISC) of US$1,145/oz (Q4 2014: US$1,023/oz) and All-in Costs (AIC) of US$1,165/oz (Q4 2014: US$1,047/oz).
Previously published guidance for 2015, of attributable gold equivalent production of 2.2 million ounces at AISC of US$1,055/oz and AIC of US$1,075/oz, remains intact.
Gold Fields’ full results for the quarter ended 31 March 2015 will be published on Thursday, 7 May 2015.
Notes to editors
About Gold Fields
Gold Fields Limited is an unhedged, globally diversified producer of gold with eight operating mines in Australia, Ghana, Peru and South Africa with attributable annual gold production of approximately 2.2 million ounces. It has attributable Mineral Reserves of around 48 million ounces and Mineral Resources of around 108 million ounces. Attributable copper Mineral Reserves total 620 million pounds and Mineral Resources 6,873 million pounds. Gold Fields has a primary listing on the JSE Limited, with secondary listings on the New York Stock Exchange (NYSE), NASDAQ Dubai Limited and the Swiss Exchange (SWX).
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
Enquiries
Investors
Avishkar Nagaser
Tel: +27-11-562-9775
Mobile: +27-82-312-8692
Email : [email protected]
Willie Jacobsz
Tel: +1-617-535-7545
Mobile: +1-857-241-7127
Email: [email protected]
Media
Sven Lunsche
Tel: +27-11-562-9763
Mobile: +27-83-260-9279
Email :[email protected]
SOURCE Gold Fields Limited, South Africa
