888 Gold Tokens
By Micah Maidenberg
Others include collector gold coins such as the Lunar gold issues from Tokelau and other numismatic gold offerings from Palau, Niue, and the British Virgin Islands such as the Disney Princess and Peanuts issues. Then there is the superb new 1 oz. Gold coin from Cook Islands called Armillary. This highly innovative product is actually made of. Gold Fields is a globally diversified gold producer with nine operating mines in Australia, Peru, South Africa and West Africa (including the Asanko JV), as well as one project in Chile. We have total attributable annual gold-equivalent production of 2.2Moz, attributable gold-equivalent Mineral Reserves of 51.3Moz and Mineral Resources of 115.7Moz. Christian jewelry by Bob Siemon Designs includes purity rings, silver necklaces, gold rings, silver rings, bracelets, earrings, and inspirational gifts. Since 1970, we have offered the finest quality jewelry handcrafted from sterling silver, 14 karat gold, and lead-free pewter. Our sterling silver Christian jewelry is what made us famous.
Newmont Corp. sold less gold in the fourth quarter, but pricesfor the precious metal was stronger than the year before,bolstering profit.
The gold miner reported net income of $764 million for thequarter, up from $561 million the year earlier. Earnings per commonshare increased to $1.02 from 69 cents.
The company's adjusted profit for the fourth quarter, also $1.06a share, was ahead of the 95 cents a share that analysts polled byFactSet predicted for that metric.
Sales rose to $3.38 billion from $2.97 billion a year earlier,though fell short of the $3.48 billion consensus estimate for thelatest quarter, according to FactSet.
Overall, attributable gold ounces sold fell 10%, while priceswere up 25% to $1,852 for each troy ounce, the company said. Goldproduction in the quarter of more than 1.6 million ounces was downfrom more than 1.8 million ounces a year earlier, but higher thanthe third quarter.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
February 18, 2021 08:03 ET (13:03 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.JOHANNESBURG, Feb. 10, 2021 /PRNewswire/ -- Gold Fields Limited(Gold Fields) (JSE: GFI) (NYSE: GFI) advises that headline earningsper share for the 12 months ended 31December 2020 (FY 2020) are expected to range fromUS$0.81-0.85 per share, 305-325%(US$0.61-0.65 per share) higher thanthe headline earnings of US$0.20 pershare reported for the 12 months ended 31December 2019 (FY 2019).
Basic earnings per share for FY 2020 are expected to range fromUS$0.80-0.84 per share, 300-320%(US$0.60-0.64 per share) higherthan the basic earnings of US$0.20per share reported for FY 2019.
Normalised earnings per share for FY 2020 are expected to rangefrom US$0.98-1.02 per share, 133-143%(US$0.56-0.60 per share) higher thanthe normalised earnings of US$0.42per share reported for FY 2019.
The increase in basic and headline earnings is driven byslightly higher production and higher gold prices received, despitethe hedges that were in place during 2020.
Strong end to 2020
For Q4 2020, attributable gold equivalent production is expectedto be 593koz (Q3 2020: 557koz), with All-in costs (AIC) for thequarter expected to be US$1,113/oz(Q3 2020: US$1,070/oz). All-insustaining costs (AISC) are expected to be US$971/oz (Q3 2020: US$964/oz).
Attributable gold equivalent production for 2020 is expected tobe 2,236koz, a 2% increase YoY (FY 2019: 2,195koz), within therevised guidance range of 2,200 - 2,250koz. Original guidance of2.275Moz – 2.315Moz was revised in May2020 to account for the impact of Covid-19 on theoperations, mainly at South Deep and CerroCorona.
AIC for 2020 is expected to be US$1,079/oz, marginally higher than 2019 (FY2019: US$1,064/oz) and within therevised guidance range of US$1,070/oz- US$1,090/oz. AISC for the year isexpected to be US$977/oz (FY 2019:US$897/oz), again within the revisedguidance range of between US$960/ozand US$980/oz.
The financial information on which this trading statement isbased has not been reviewed, and reported on, by the Company'sexternal auditors.
Gold Fields expects to release FY 2020 financial results onThursday, 18 February 2021.
Enquiries
Investors
888 Gold Tokens Silver
Avishkar Nagaser
Tel: +27 11 562-9775
Mobile: +27 82 312 8692
Email: Avishkar.Nagaser@goldfields.com
Thomas Mengel
Tel: +27 11 562-9849
Mobile: +27 72 493 5170
Email: Thomas.Mengel@goldfields.com
Media
Sven Lunsche
Tel: +27 11 562-9763
Mobile: +27 83 260 9279
Email: Sven.Lunsche@goldfields.com
Notes to editors
888 Gold Tokens Coin
About Gold Fields
888 Gold Tokens Coins
Gold Fields is a globally diversified gold producer with nineoperating mines in Australia,Peru, South Africa and West Africa (including the Asanko JV), as wellas one project in Chile. We havetotal attributable annual gold-equivalent production of 2.2Moz,attributable gold-equivalent Mineral Reserves of 51.3Moz andMineral Resources of 115.7Moz. Our shares are listed on theJohannesburg Stock Exchange (JSE) and our American depositaryshares trade on the New York Stock Exchange (NYSE).
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SOURCE Gold Fields Limited