Gold Fields Ltd. announced audited consolidated earnings and production results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of ZAR 7,158.7 million against ZAR 6,925.8 million a year ago. Operating profit was ZAR 3,593.0 million compared with ZAR 3,813.7 million a year ago. Net operating profit was ZAR 2,378.9 million compared with ZAR 2,868.7 million a year ago. Profit before taxation was ZAR 1,040.3 million compared with ZAR 2,029.9 million a year ago. Net profit from continuing operations was ZAR 306.9 million compared with ZAR 412.8 million a year ago. Net profit attributable to the owners of the parents was ZAR 2,789.5 million compared with ZAR 2,128.7 million a year ago. Net earnings from continuing operations of ZAR 235.7 million compared with ZAR 381.1 million a year ago. Diluted earnings per share from continuing operations were 32 cents against 52 cents a year ago. Headline earnings from continuing operations of ZAR 245.5 million compared with ZAR 397.0 million a year ago. Diluted headline earnings per share from continuing operations were 33 cents against 54 cents a year ago. Net debt increased from ZAR 10,820 million at the end of December 2012 to ZAR 13,096 million at the end of March 2013. Cash generated by continuing operations was ZAR 1,857.0 million compared with ZAR 2,067.5 million a year ago. Cash flows from operating activities were ZAR 2,138.6 million compared with ZAR 2,716.8 million a year ago. Capital expenditure additions were ZAR 2,172.8 million compared with ZAR 1,959.2 million a year ago. The decrease in cash inflow in the March quarter was mainly due to lower profit and an increase in tax payments of ZAR 455 million in quarter on quarter, due to the final 2012 tax payment for Ghana, Peru and the corporate office in South Africa made in the March quarter. Normalized earnings were ZAR 608 million or 83 cents per share compared with ZAR 465 million or 64 cents per share a year ago. The company reported Impairment of investments and assets was ZAR 12.8 million compared with ZAR 17.3 million a year ago. For the quarter, the company’s attributable gold production declined by 11% from 534,000 ounces in the December quarter to 477,000 ounces in the March quarter, due to the cessation of marginal production at some of the international operations. Production for the quarter was in line with expectation. Attributable gold production for the year ending December 2013 is expected to be between 1,825 million equivalent ounces and 1,900 million equivalent ounces excluding the discontinued operations.

Gold Fields Ltd., Q1 2013 Earnings Call, May 10, 2013

On 04/30/2013, Gold Fields Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC.