Directors: A J Wright (Chairman), N J Holland
†
(Chief Executive Officer), K Ansah, J G Hopwood, G Marcus, R P Menell, D N Murray,
D M J Ncube, R L Pennant-Rea
†
, C I von Christierson, G M Wilson
†
British,
#
Ghanaian
Corporate Secretary: C Farrel
Gold Fields Limited
Reg. 1968/004880/06
24 St Andrews Road
Parktown, 2193
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 644-2400
Fax +27 11 484-0639
www.goldfields.co.za
Enquires
Willie Jacobsz
Tel
+508 358-0188
Mobile +857 241-7127
Nikki Catrakilis-Wagner
Mobile +27 (0) 83 309-6720
MEDIA RELEASE
GOLD FIELDS ON TRACK TO ACHIEVE GUIDANCE OF
840KOZ FOR Q2 F2009
Johannesburg, 23 December 2008: Gold Fields Limited (Gold Fields)
(NYSE, JSE, DIFX: GFI) today updated its operational guidance for Q2
F2009.
Group attributable production for Q2 F2009 is expected to be
approximately 840,000 ounces, which is in line with the guidance
published on 29 October 2008.
Group cash costs and Notional Cash Expenditure are expected to be
lower than the guidance published on 29 October 2008 due to favourable
exchange rate movements against the South African Rand and the
Australian Dollar relative to those provided in the guidance. If stated at the
exchange rates used in the guidance ($/R8.00 and A$/$0.85), Group cash
costs and Notional Cash Expenditure would have been broadly in line with
the guidance of R149,000/kg ($580/oz) and R229,000/kg ($890/oz),
respectively.
Nick Holland, Chief Executive Officer of Gold Fields, said: “We are
pleased with the improved production and good cost control as well as the
progress we are making in terms of delivering the various projects, which
will make a significant difference to the future profile of Gold Fields. We
are well placed to restoring Gold Fields’ production closer to historical
levels and in particular, to achieving a run rate of 1 million ounces per
quarter in the near term.
The rehabilitation of the steel infrastructure at the
Kloof Main Shaft as well as the expansion of the Tarkwa Carbon In Leach
(CIL) plant have been substantially completed and are on track to full
production build-up by early January 2009.”
Detailed results for Q2 F2009 will be published on 29 January 2009, at
08:00am, South African time.
ends
About Gold Fields
Gold Fields Limited is one of the world’s largest unhedged producers of gold with attributable
production of 3,64 million ounces per annum from eight operating mines in South Africa, Ghana
and Australia. A ninth mine, Cerro Corona Gold/Copper mine in Peru, commenced production in
August 2008 at an initial rate of approximately 375,000 gold equivalent ounces per annum. Gold
Fields aims to reach a production rate of approximately 4.0 million ounces per annum during the
March quarter of 2009. The company has total attributable ore reserves of 83 million ounces and
mineral resources of 251 million ounces. Gold Fields is listed on the JSE Limited (primary listing),
New York Stock Exchange (NYSE) and Dubai International Financial Exchange (DIFX) New
Euronext in Brussels (NYX) and Swiss Exchange (SWX). For more information please visit the
Gold Fields website at
www.goldfields.co.za.