Gold Fields Ltd. (GFI) has provided an improved production and cost outlook for fourth-quarter and full-year 2014. The company expects attributable gold equivalent production for the fourth quarter to be roughly 556,000 equivalent ounces of gold.
Moreover, Gold Fields anticipates all-in sustaining costs (“AISC”) and all-in costs (“AIC”) to be around $1,030 per ounce (oz) and $1,055/oz, respectively.
Gold Fields said that it expects to slightly exceed its previous full-year 2014 production guidance of 2.20 million ounces by attaining attributable gold equivalent production of around 2.22 million ounces for the year. The company estimates its 2014 AISC and AIC to be $1,060/oz and $1,095/oz, respectively.
AISC for 2014 is roughly an improvement of 6% over the original guidance of $1,125/oz, provided in Feb 2014 and 3% higher than the revised outlook of $1,090/oz provided in Oct 2014.
Similarly, Gold Fields expects AIC for 2014 to show a 5% improvement over the original outlook of $1,150/oz and 3% higher than the revised guidance of $1,130/oz. Gold Fields will release its fourth-quarter and full-year 2014 results on Feb 12, 2015.
Gold Fields achieved 559,000 ounces of attributable gold equivalent production in the third quarter of 2014 at AISC and AIC of $1,074/oz and $1,096/oz, respectively. The company generated cash flow of $63 million, driven by strong operational performances.
Gold Fields, which is an unhedged gold producer with eight operating mines across Australia, Ghana, Peru and South Africa, remains committed to drive margins and cash flows, and cut debt.
Gold Fields currently carries a Zacks Rank #3 (Hold).
Better-ranked companies in the gold mining industry include Golden Star Resources, Ltd. (GSS), Pretium Resources Inc. (PVG) and Sandstorm Gold Ltd. (SAND), all carrying a Zacks Rank #2 (Buy).
Gold Fields Ltd. (GFI) has provided an improved production and cost outlook for fourth-quarter and full-year 2014. The company expects attributable gold equivalent production for the fourth quarter to be roughly 556,000 equivalent ounces of gold.
Moreover, Gold Fields anticipates all-in sustaining costs (“AISC”) and all-in costs (“AIC”) to be around $1,030 per ounce (oz) and $1,055/oz, respectively.
Gold Fields said that it expects to slightly exceed its previous full-year 2014 production guidance of 2.20 million ounces by attaining attributable gold equivalent production of around 2.22 million ounces for the year. The company estimates its 2014 AISC and AIC to be $1,060/oz and $1,095/oz, respectively.
AISC for 2014 is roughly an improvement of 6% over the original guidance of $1,125/oz, provided in Feb 2014 and 3% higher than the revised outlook of $1,090/oz provided in Oct 2014.
Similarly, Gold Fields expects AIC for 2014 to show a 5% improvement over the original outlook of $1,150/oz and 3% higher than the revised guidance of $1,130/oz. Gold Fields will release its fourth-quarter and full-year 2014 results on Feb 12, 2015.
Gold Fields achieved 559,000 ounces of attributable gold equivalent production in the third quarter of 2014 at AISC and AIC of $1,074/oz and $1,096/oz, respectively. The company generated cash flow of $63 million, driven by strong operational performances.
Gold Fields, which is an unhedged gold producer with eight operating mines across Australia, Ghana, Peru and South Africa, remains committed to drive margins and cash flows, and cut debt.
Gold Fields currently carries a Zacks Rank #3 (Hold).
Better-ranked companies in the gold mining industry include Golden Star Resources, Ltd. (GSS), Pretium Resources Inc. (PVG) and Sandstorm Gold Ltd. (SAND), all carrying a Zacks Rank #2 (Buy).
Gold Fields Ltd. (GFI) has provided an improved production and cost outlook for fourth-quarter and full-year 2014. The company expects attributable gold equivalent production for the fourth quarter to be roughly 556,000 equivalent ounces of gold.
Moreover, Gold Fields anticipates all-in sustaining costs (“AISC”) and all-in costs (“AIC”) to be around $1,030 per ounce (oz) and $1,055/oz, respectively.
Gold Fields said that it expects to slightly exceed its previous full-year 2014 production guidance of 2.20 million ounces by attaining attributable gold equivalent production of around 2.22 million ounces for the year. The company estimates its 2014 AISC and AIC to be $1,060/oz and $1,095/oz, respectively.
AISC for 2014 is roughly an improvement of 6% over the original guidance of $1,125/oz, provided in Feb 2014 and 3% higher than the revised outlook of $1,090/oz provided in Oct 2014.
Similarly, Gold Fields expects AIC for 2014 to show a 5% improvement over the original outlook of $1,150/oz and 3% higher than the revised guidance of $1,130/oz. Gold Fields will release its fourth-quarter and full-year 2014 results on Feb 12, 2015.
Gold Fields achieved 559,000 ounces of attributable gold equivalent production in the third quarter of 2014 at AISC and AIC of $1,074/oz and $1,096/oz, respectively. The company generated cash flow of $63 million, driven by strong operational performances.
Gold Fields, which is an unhedged gold producer with eight operating mines across Australia, Ghana, Peru and South Africa, remains committed to drive margins and cash flows, and cut debt.
Gold Fields currently carries a Zacks Rank #3 (Hold).
Better-ranked companies in the gold mining industry include Golden Star Resources, Ltd. (GSS), Pretium Resources Inc. (PVG) and Sandstorm Gold Ltd. (SAND), all carrying a Zacks Rank #2 (Buy).
Gold Fields Ltd. (GFI) has provided an improved production and cost outlook for fourth-quarter and full-year 2014. The company expects attributable gold equivalent production for the fourth quarter to be roughly 556,000 equivalent ounces of gold.
Moreover, Gold Fields anticipates all-in sustaining costs (“AISC”) and all-in costs (“AIC”) to be around $1,030 per ounce (oz) and $1,055/oz, respectively.
Gold Fields said that it expects to slightly exceed its previous full-year 2014 production guidance of 2.20 million ounces by attaining attributable gold equivalent production of around 2.22 million ounces for the year. The company estimates its 2014 AISC and AIC to be $1,060/oz and $1,095/oz, respectively.
AISC for 2014 is roughly an improvement of 6% over the original guidance of $1,125/oz, provided in Feb 2014 and 3% higher than the revised outlook of $1,090/oz provided in Oct 2014.
Similarly, Gold Fields expects AIC for 2014 to show a 5% improvement over the original outlook of $1,150/oz and 3% higher than the revised guidance of $1,130/oz. Gold Fields will release its fourth-quarter and full-year 2014 results on Feb 12, 2015.
Gold Fields achieved 559,000 ounces of attributable gold equivalent production in the third quarter of 2014 at AISC and AIC of $1,074/oz and $1,096/oz, respectively. The company generated cash flow of $63 million, driven by strong operational performances.
Gold Fields, which is an unhedged gold producer with eight operating mines across Australia, Ghana, Peru and South Africa, remains committed to drive margins and cash flows, and cut debt.
Gold Fields currently carries a Zacks Rank #3 (Hold).
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