Gold Fields Q2 Profit Declines, Backs 2015 Outlook - Quick Facts

(RTTNews) - South African gold mining firm Gold Fields Ltd. (GFI) reported that second-quarter net earnings attributable to shareholders was $12 million or $0.02 per share, compared to $19 million or $0.02 per share in the prior-year quarter. Normalised earnings were $22 million or $0.03 per share, compared to $25 million or $0.03 per share in the year-ago quarter.

Revenue for the quarter declined to $1,174 per ounce from last year's $1,275 per ounce. In the quarter, the company produced 535 thousand ounces of gold, lower than 548 thousand ounces produced last year.

Further, the company announced an interim dividend of 4 SA cents per share, payable on September 14, 2015, in line with its dividend policy to pay out a dividend of between 25 and 35 percent of normalised earnings.

Looking ahead to fiscal 2015, the company continues to expect attributable equivalent gold production at around 2.2 million ounces, as well as all-in sustaining costs of $1,055/oz and total all-in cost at $1,075/oz.