Gold Fields on track to achieve 2013 production guidance

theflyonthewall.com

Gold Fields announced that attributable Group production for Q2 is expected to be 451,000 gold-equivalent ounces, with cash costs and notional cash expenditure, or NCE, of approximately $860/oz and $1,250/oz respectively. Despite the 5% decline in production from Q1 to Q2, Gold Fields remains on track to achieve its production guidance for 2013 of between 1.83M-1.9M ounces and cash cost and NCE of $860/oz and $1,360/oz respectively. The main cause of the approximately 25,000 ounce decline in production during Q2 was the illegal strike at the Tarkwa and Damang mines in Ghana which was previously reported and subsequently resolved.

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