Directors: A J Wright (Chairman), I D Cockerill
†
(Chief Executive Officer),K Ansah
#
, G J Gerwel, A Grigorian°, N J Holland
†
(Chief Financial
Officer), J M McMahon
†
, J G Hopwood, D M J Ncube, R L Pennant-Rea
†
, P J Ryan, T M G Sexwale, C I von Christierson
†
British,
#
Ghanaian, °Russian
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
Fa +27 11 484-0639
www.goldfields.co.za
Enquires
South Africa
Willie Jacobsz
Tel +27 11 644-2460
Fax +27 11 484-0639
williej@goldfields.co.za
Nerina Bodasing
Tel +27 11 644-2630
Fax +27 11 484-0639
Nerina.bodasing@goldfields.co.za
North America
Cheryl A Martin
Tel +1 303 796-8683
Fax +1 303 796-8293
camartin@gfexpl.com
M E D I A R E L E A S E
Gold Fields announces Mineral Resources of 179.3 million
ounces and Ore Reserves of 65.3 million ounces
Johannesburg, 17 May 2006: Gold Fields Limited (Gold Fields) (NYSE: GFI;
JSE: GFI) today published its Mineral Resource and Ore Reserve Statement
for the six month period ended on 31 December 2005. This represents a
change in the reporting cycle, from June 30 to December 31, in order to align
with the Group’s financial reporting schedule.
Mineral Resources, inclusive of Ore Reserves, increased by 3% to 179,343
million ounces and Ore Reserves by 1% to 65,319 million ounces, both
numbers net of depletion.
Ian Cockerill, Chief Executive Officer of Gold Fields said:
“We are pleased that we have again been able to replace the reserves that we
have mined, and to increase our overall resource and reserve position,
despite having to use a SEC mandated 3 year trailing average gold price,
which is considerably below prevailing spot prices.”
“Conservatively estimated, if a spot price of R130,000 per kilogram was used
for this declaration, the reserves at our South African operations would have
been about 9.5 million ounces higher.”
Mineral Resources were calculated using a gold price of R105,000 per
kilogram in South Africa; A$650 in Australia; and US$475 in Ghana and Peru.
Ore Reserves were calculated using a gold price of R92,000 per kilogram in
South Africa; A$560 in Australia; and US$400 in Ghana and Peru.
The full Mineral Resource and Ore Reserve Declaration is available on the
Gold Fields Website
www.goldfields.co.za
.
Gold Fields is one of the world's largest unhedged gold producers, with annual
gold production of approximately 4.2 million ounces from mines in South
Africa, Ghana, Australia and Australia, as well as a developing mine at Cerro
Corona in Peru. The Company has reserves of 65 million ounces and mineral
resources of 179 million ounces. Gold Fields has its primary listing on the
Johannesburg Securities Exchange and secondary listings on the NYSE,
LSE, Euronext in Paris and Brussels, and on the Swiss Exchange. All of Gold
Fields' operations are ISO 14001 certified.
-ends-