JOHANNESBURG, Feb. 27, 2012 /CNW/ - 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
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
SOURCE Gold Fields Limited
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