Gold Fields’ Production Rises 21 Percent in Q4 2013

Gold Fields Ltd. (NYSE:GFI) announced yesterday its results for the quarter and year ended December 31, 2013, commenting that during Q4 its attributable production came to 598,000 gold equivalent ounces, a 21-percent increase from the previous quarter.

The gains are partially the result of the successful integration of the Yilgarn South assets into Gold Fields’ portfolio.

Other highlights include:

• All-in sustaining costs down 3 per cent to US$1,054 per ounce and total all-in cost down 7 per cent to US$1,095 per ounce
• Total cash cost up marginally at US$776 per ounce and NCE down 4 per cent at US$1,026 per ounce
• Yilgarn South acquisition provides 114,000 ounces at NCE of US$977 per ounce in maiden quarter
• Impairments of US$672 million (R7.0 billion) as a result of lower gold price and higher discount rates

Click here to read the full Gold Fields Ltd. (NYSE:GFI) press release.