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JOHANNESBURG, Feb. 10, 2021 /PRNewswire/ -- Gold Fields Limited(Gold Fields) (JSE: GFI) (NYSE: GFI) advises that headline earningsper share for the 12 months ended 31December 2020 (FY 2020) are expected to range fromUS$0.81-0.85 per share, 305-325%(US$0.61-0.65 per share) higher thanthe headline earnings of US$0.20 pershare reported for the 12 months ended 31December 2019 (FY 2019).
CybrSec is the developer of b2 cryptography, which is the most significant new security innovation since public key cryptography. Sold less gold in the fourth quarter, but prices for the precious metal was stronger than the year before, bolstering profit. The gold miner reported net income of $764 million for the quarter, up from $561 million the year earlier. Earnings per common share increased to $1.02 from 69 cents. Get on the Road to Rewards with 888poker Club! Earn points as you play, climb up levels and collect Gold Tokens to redeem for prizes. Register for Book/Absentee Bids. Call for assistance: 888-8KAGINS (852-4467). Gold Fields is a globally diversified gold producer with nine operating mines in Australia, Peru, South Africa and West Africa (including the Asanko JV), as well as one project in Chile. We have total attributable annual gold-equivalent production of 2.2Moz, attributable gold-equivalent Mineral Reserves of 51.3Moz and Mineral Resources of 115.7Moz.
Basic earnings per share for FY 2020 are expected to range fromUS$0.80-0.84 per share, 300-320%(US$0.60-0.64 per share) higherthan the basic earnings of US$0.20per share reported for FY 2019.
Normalised earnings per share for FY 2020 are expected to rangefrom US$0.98-1.02 per share, 133-143%(US$0.56-0.60 per share) higher thanthe normalised earnings of US$0.42per share reported for FY 2019.
The increase in basic and headline earnings is driven byslightly higher production and higher gold prices received, despitethe hedges that were in place during 2020.
Strong end to 2020
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For Q4 2020, attributable gold equivalent production is expectedto be 593koz (Q3 2020: 557koz), with All-in costs (AIC) for thequarter expected to be US$1,113/oz(Q3 2020: US$1,070/oz). All-insustaining costs (AISC) are expected to be US$971/oz (Q3 2020: US$964/oz).
Attributable gold equivalent production for 2020 is expected tobe 2,236koz, a 2% increase YoY (FY 2019: 2,195koz), within therevised guidance range of 2,200 - 2,250koz. Original guidance of2.275Moz – 2.315Moz was revised in May2020 to account for the impact of Covid-19 on theoperations, mainly at South Deep and CerroCorona.
AIC for 2020 is expected to be US$1,079/oz, marginally higher than 2019 (FY2019: US$1,064/oz) and within therevised guidance range of US$1,070/oz- US$1,090/oz. AISC for the year isexpected to be US$977/oz (FY 2019:US$897/oz), again within the revisedguidance range of between US$960/ozand US$980/oz.
The financial information on which this trading statement isbased has not been reviewed, and reported on, by the Company'sexternal auditors.
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Gold Fields expects to release FY 2020 financial results onThursday, 18 February 2021.
Enquiries
Investors
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Avishkar Nagaser
Tel: +27 11 562-9775
Mobile: +27 82 312 8692
Email: Avishkar.Nagaser@goldfields.com
Thomas Mengel
Tel: +27 11 562-9849
Mobile: +27 72 493 5170
Email: Thomas.Mengel@goldfields.com
Media
Sven Lunsche
Tel: +27 11 562-9763
Mobile: +27 83 260 9279
Email: Sven.Lunsche@goldfields.com
Notes to editors
About Gold Fields
Gold Fields is a globally diversified gold producer with nineoperating mines in Australia,Peru, South Africa and West Africa (including the Asanko JV), as wellas one project in Chile. We havetotal attributable annual gold-equivalent production of 2.2Moz,attributable gold-equivalent Mineral Reserves of 51.3Moz andMineral Resources of 115.7Moz. Our shares are listed on theJohannesburg Stock Exchange (JSE) and our American depositaryshares trade on the New York Stock Exchange (NYSE).
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SOURCE Gold Fields Limited