Gold Fields Guides Q1 Production - Shares Flat

By Staff,

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Gold Fields Ltd. ( GFI ) shares are steady in late trade after the company said Group production for the new Gold Fields, excluding any contribution from Sibanye Gold, for Q1 2013 is expected to be 476,000 gold-equivalent ounces. Cash costs are expected to be approximately US$830/oz and NCE is expected to be approximately US$1,290/oz.

This performance from the new GFI is in-line with the production guidance for 2013 of between 1,825,000 and 1,900,000 ounces and the cash cost and NCE guidance of US$860/oz and US$1,360/oz respectively.

GFI will release its results for Q1 2013, on May 10, 2013.

GFI closed the day at $6.90, above the new low in a 52-week range of $6.83 - $14.04.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: GFI

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