Business Context and Reporting Period
Company: Gold Fields Limited
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date of Filing: July 31, 2014
Reporting Period: Quarter ended June 30, 2014
Business Overview: Gold Fields is an unhedged, globally diversified gold producer with eight operating mines in Australia, Ghana, Peru, and South Africa. The company holds primary listings on the JSE Limited and secondary listings on the NYSE, NASDAQ Dubai, Euronext Brussels, and the Swiss Exchange.
Key Financial Metrics
The filing text does not provide specific financial results for the quarter ended June 30, 2014. This document serves as an advance notice of the upcoming release. However, the following static operational metrics are provided:
- Attributable 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.
Note: Revenue, profit, cash flow, margins, debt, and liquidity figures are not disclosed in this filing.
Material Changes and Recent Developments
The filing highlights two significant corporate actions completed in the prior year:
- February 2013: Unbundled mature underground KDC and Beatrix mines in South Africa into an independent, separately listed company, Sibanye Gold.
- October 2013: Expanded presence in Western Australia by acquiring the Granny Smith, Lawlers, and Darlot mines (Yilgarn South Assets) from Barrick Gold.
Guidance, Outlook, and Management Commentary
Upcoming Results Release: Gold Fields announced it will publish its financial results for the quarter ended June 30, 2014, on August 21, 2014, at 08:00 am South African time on its website.
Investor Events: Management scheduled a live results presentation and simultaneous audio/video webcast for August 21, 2014, at 10:00 am SA time. A global teleconference was also scheduled for the same day at 16:00 SA time (10:00 am Eastern Time).
Outlook and Risks: The filing text does not contain specific management commentary, forward-looking guidance, risk factors, or contingencies regarding the upcoming quarter's performance.
Key Facts for Investor Verification
- Verify the actual financial results (revenue, profit, cash flow) once released on August 21, 2014, as they are not included in this filing.
- Confirm the impact of the October 2013 Yilgarn South Assets acquisition on Q2 2014 production and costs.
- Review the company's hedging strategy, as Gold Fields is explicitly described as an "unhedged" producer, exposing it to gold price volatility.
- Monitor the operational status of the eight active mines across Australia, Ghana, Peru, and South Africa.