Business Context and Reporting Period
This Form 6-K filing by Gold Fields Limited, dated April 24, 2014, serves as a media release announcing the upcoming publication of financial results. The company is an unhedged, globally diversified gold producer with operations in Australia, Ghana, Peru, and South Africa. The filing specifically addresses the reporting period for the quarter ended March 31, 2014.
Key Financial Metrics
The filing text does not provide specific financial values for revenue, profit, cash flow, margins, debt, or liquidity for the quarter ended March 31, 2014. These figures are scheduled to be released on May 8, 2014.
However, the document provides the following static operational metrics:
- Annual Gold Production: Approximately 2.02 million ounces.
- Gold Mineral Reserves: Around 49 million ounces.
- Gold Mineral Resources: About 113 million ounces.
- Copper Mineral Reserves: 708 million pounds.
- Copper Mineral Resources: 7,120 million pounds.
Material Changes
The filing does not report material changes in financial performance for the current period. It references historical strategic changes:
- February 2013: Unbundled mature underground KDC and Beatrix mines in South Africa into a separate entity, Sibanye Gold.
- October 2013: Acquired the Yilgarn South Assets (Granny Smith, Lawlers, and Darlot mines) from Barrick Gold to expand presence in Western Australia.
Guidance, Outlook, and Management Commentary
Upcoming Results: Gold Fields will publish its Q1 2014 results on May 8, 2014, at 8:00 AM South African time on its website.
Conference Call: A telephone conference call and webcast are scheduled for May 8, 2014, with specific dial-in times for Johannesburg, the UK, and North America. A digital replay will be available for seven days.
Risks and Contingencies: The filing text does not disclose specific new risks, contingencies, or unusual items for the reporting period.
Investor Verification Checklist
- Verify the Q1 2014 financial results (revenue, profit, cash flow) when published on May 8, 2014.
- Review the impact of the October 2013 Yilgarn South Assets acquisition on Q1 2014 production and costs.
- Confirm the company's hedging status, as it is described as an "unhedged" producer.
- Monitor the conference call for management commentary on operational performance and future guidance.