Directors: A J Wright (Chairman), N J Holland
†**
(Chief Executive Officer), P A Schmidt** (Chief Financial Officer), K Ansah
#
, C A Carolus,
R Dañino*, A R Hill
≠
, J G Hopwood, R P Menell, D N Murray, D M J Ncube, R L Pennant-Rea
†
, C I von Christierson, G M Wilson
†
British,
≠
Canadian,
#
Ghanaian, *Peruvian, ** Executive Director
Corporate Secretary: C Farrel
Gold Fields Limited
Reg. 1968/004880/06
150 Helen Road,
Sandown, Sandton,
2196
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 562-9700
Fax +27 11 562-9838
www.goldfields.co.za
Enquiries
Media and Investor Enquiries
Willie Jacobsz
Tel
+508 839-1188
Mobile +857 241-7127
email Willie.Jacobsz@gfexpl.com
Nikki Catrakilis-Wagner
Tel +27 11 562-9706
Mobile +27 (0) 83 309-6720
email Nikki.Catrakilis-Wagner@
goldfields.co.za
Media Enquiries
Julian Gwillim
Tel +27 11 562-9774
Mobile +27 (0) 82 452 4389
email Julian.Gwillim@goldfields.co.za
MEDIA RELEASE
GOLD FIELDS REVISES GUIDANCE FOR Q3 F2010
ON THE BACK OF SAFETY INTERVENTIONS
AT KLOOF GOLD MINE
Johannesburg, 23 February 2010: Gold Fields Limited (Gold Fields)
(JSE, NYSE, NASDAQ Dubai: GFI) today announced that Q3 F2010
production for the Group will be approximately five percent below the
previous guidance of 850,000 ounces provided on 4 February 2010.
It is expected that the lower production will negatively impact cash
costs and NCE on a per ounce basis.
This follows a decision to accelerate the replacement of a water
pump column in the Main Shaft at the Kloof Gold Mine in South
Africa, which was previously scheduled for replacement later in the
year.
The decision to accelerate the replacement of the column is
consistent with the Group’s philosophy of “if we cannot mine safely,
we will not mine”, as well as the “stop, think fix, verify and continue
programme”, and was taken after certain sections of the column
showed significant corrosion, resulting in the pre-mature failure of
some of those sections.
Production is expected to return to normal levels by the end of the
March Quarter (Q3 F2010), and production for the June Quarter (Q4
F2010) should be close to recent levels of production of
approximately 5,000 kilograms of gold.
ends
About Gold Fields
Gold Fields is one of the world’s largest unhedged producers of gold with attributable production
of 3.6 million ounces* per annum from nine operating mines in South Africa, Ghana, Australia
and Peru. Gold Fields also has an extensive growth pipeline with both greenfields and near
mine exploration projects at various stages of development. Gold Fields has total attributable
Mineral Reserves of 81 million ounces and Mineral Resources of 271 million ounces. Gold
Fields is listed on JSE Limited (primary listing), the New York Stock Exchange (NYSE), the
Dubai International Financial Exchange (DIFX), the Euronext in Brussels (NYX) and the Swiss
Exchange (SWX). For more information please visit the Gold Fields website at
www.goldfields.co.za.
*Based on the annualised run rate for the fourth quarter of F2009