The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from PR Newswire

Gold Fields Limited: Mineral Resource and Mineral Reserve Update

Monday, February 27, 2012

Gold Fields Limited: Mineral Resource and Mineral Reserve Update12:29 EST Monday, February 27, 2012JOHANNESBURG, February 27, 2012 /PRNewswire/ --Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) 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: Notes to editorsAbout Gold FieldsGold 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 LimitedEnquiriesInvestor EnquiriesZakira AmraTel +27-11-562-9775Mobile +27-79-694-0267email JacobszTel +1-508-839-1188Mobile +1-857-241-7127emailWillie.Jacobsz@gfexpl.comMedia EnquiriesSven LunscheTel +27-11-562-9763Mobile +27-83-260-9279email Gold Fields Limited