Gold Fields Ltd. (
) climbed 0.8% in morning trade after announcing its production
expectations for Q3 2012. GFI will release full results for Q3 2012
on Monday, 26 November 2012.
Production for the quarter is expected to be 810,000 gold
equivalent ounces compared to 862,000 ounces in the June quarter
(Q2 2012) and 900,000 ounces in the corresponding quarter one year
ago (Q3 2011).
The international regions had a solid quarter, contributing
424,000 (Q2 2012 - 425,000) attributable gold equivalent ounces.
Noteworthy has been the recovery at the Agnew Gold Mine in
Australia, which contributed 48,000 (Q2 2012 - 37,000) ounces of
The 386,000 (Q2 2012 - 437,000) ounces contribution by the South
Africa Region was negatively impacted by a loss of approximately
30,000 ounces as a result of the fire at the YaRona Shaft of the
KDC Gold Mine during the quarter, and a further approximately
35,000 ounces as a result of the unprotected strike action at KDC
and the Beatrix Gold Mine during the quarter.
GFI is up 0.8% at $12.45, trading in a 52-week range of $11.71 -
$18.39. Shares have fallen 20% in the last 12 months.
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