[miningmx.com] — GOLD Fields is on track to achieve its ouput guidance for 2012, after saying on Wednesday it expected to report 862,000oz of gold production for the second quarter.
The figure puts the company’s total production for the year so far at 1.68 million ounces (Moz), about 48% towards the lower level of its full-year guidance of between 3.5Moz and 3.7Moz.
Total cash costs and notional cash expenditure (NCE) for the quarter are expected to be around $855/oz (R222,000/kg) and $1,310/oz (R340,000/kg) respectively, in line with the annual guidance of $860/oz (R220,000/kg) for cash cost and $1,300/oz (R335,000/kg) for operational NCE, as well as anticipated capital project expenditure of between $40 per ounce and $70 per ounce.
Gold Fields said it would release full results of the past quarter on August 23.
