- Gold Fields (NYSE:GFI) slips ~4.7% (pre-market) as the company expects FY18 headline EPS to be ~$0.05-0.09, down 65-81% Y/Y.
- Normalized EPS expected to be $0.01-0.05 as compared $0.19 for FY17
- GFI says 2018 revenue to be lower than in FY 2017 primarily due to lower gold sold at South Deep, as well as the sale of Darlot in 2017.
- For Q4 2018, attributable gold equivalent production is expected to be 509koz, with all-in sustaining costs of US$1,016/oz and all-in costs of $1,213/oz
- For FY18, gold equivalent production is expected to be 2.04Moz, higher than revised guidance of 2Moz.
- FY18 financial results will be reported on 15 February 2019.