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Buoyant Gold Fields expects to beat cost guidance, keep output in line

Gold-mining company Gold Fields, which is benefiting from upward surges in its share price, is poised to beat 2015 cost guidance and report production in line with the company’s forecast. The Johannesburg- and New York-listed company said in a Stock Exchange News Service announcement on Wednesday that unit costs would likely beat the improved guidance published in November and 2015 gold production come within a hair’s breadth of the guided 2.17-million ounces at an estimated 2.16-million ounces of group attributable gold equivalent.