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Gold Fields reports improved 2014, Q4 production

Jan. 16, 2015 2:59 PM ETGold Fields Limited (GFI) StockBy: Carl Surran, SA News Editor
  • Gold Fields (NYSE:GFI +0.6%) says FY 2014 production will tally ~2.2M oz., a slight improvement over the previous year’s production and at a lower cost.
  • GFI says its 2014 all-in cost of $1,095/oz. was well below the $1,300/oz. target it set for the business and much improved over 2013's all-in cost of $1,312/oz. on production of 2M oz.
  • In Q4, GFI generated 556K oz., slightly lower than the 598K produced in the year-ago quarter; Q4's all-in cost was $1,055/oz., better than $1,095/oz. the year before.

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