Gold Fields Limited: Mineral Resource and Mineral Reserve Update
27.02.2012 | CNW
JOHANNESBURG, Feb. 27, 2012 /CNW/ - Gold Fields Limited (Gold Fields) has announced its Mineral Resource and Mineral Reserve statement as at 31 December 2011. Gold Fields has total attributable precious metal and gold equivalent Mineral Resources of 217.0 million ounces (31 December 2010: 225.4 million ounces) and Mineral Reserves of 80.6 million ounces (76.7 million ounces). This represents a 5% increase in Mineral Reserves after taking into account the inventory mined during 2011 ('post depletion') and a 4% decrease in Mineral Resources when compared to the December 2010 position.
'The improved Mineral Reserve position bodes well for our growth ambition in line with our long-term target of 5 million gold-equivalent ounces either in production or in development by 2015,' says Nick Holland, CEO of Gold Fields.
The full release and detailed tables are available on the Gold Fields website: http://www.goldfields.co.za
Notes to editors
About Gold Fields
Gold Fields is one of the world's largest unhedged producers of gold with attributable annualised production of 3.5 million gold equivalent ounces from eight operating mines in Australia, Ghana, Peru and South Africa. Gold Fields also has an extensive and diverse global growth pipeline with four major projects in resource development and feasibility, with construction decisions expected in the next 18 to 24 months. Gold Fields has total attributable gold equivalent Mineral Reserves of 80.6 million ounces and Mineral Resources of 217 million ounces. Gold Fields is listed on the JSE Limited (primary listing), the New York Stock Exchange (NYSE), NASDAQ Dubai Limited, Euronext in Brussels (NYX) and the Swiss Exchange (SWX).
Sponsor: J.P. Morgan Equities Limited
Gold Fields Limited
CONTACT: Enquiries
Investor Enquiries
Zakira Amra
Tel +27-11-562-9775
Mobile +27-79-694-0267
email Zakira.Amra@goldfields.co.za
Willie Jacobsz
Tel +1-508-839-1188
Mobile +1-857-241-7127
email Willie.Jacobsz@gfexpl.com
Media Enquiries
Sven Lunsche
Tel +27-11-562-9763
Mobile +27-83-260-9279
email Sven.Lunsche@goldfields.co.za
