Gold Fields Updates Q3 2012 Guidance

Gold Fields Limited (NYSE:GFI) announced its expectations for September 2012 production is 810,000 gold equivalent ounces, less than the 862,000 ounces in second quarter and 900,000 ounces for the same period in 2011.

As quoted in the company news:

The international regions had a solid quarter, contributing 424,000 (Q2 2012 – 425,000) attributable gold equivalent ounces, despite the two-week closure of the heap leach facilities at the Tarkwa Gold Mine in Ghana . Noteworthy has been the recovery at the Agnew Gold Mine in Australia , which contributed 48,000 (Q2 2012 – 37,000) ounces of gold.

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

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