Gold Fields Expected to Beat Guidance and Increase Production by 4% to Approximately 905koz During Q4 F2009

    JOHANNESBURG, June 26 /CNW/ - Gold Fields Limited (Gold Fields) (JSE,
NYSE, NASDAQ Dubai: GFI) today updated its operational guidance for Q4 F2009.
Attributable production for Q4 F2009 is expected to increase by about 4% to
approximately 905koz, which is better than the guidance provided on 7 May
2009. Total cash cost and Notional Cash Expenditure (NCE)(1) for the Group are
expected to be slightly higher than guidance at approximately US$525/oz and
US$750/oz. This is solely due to converting at a much stronger rand/US dollar
exchange rate.

    South African Region

    Attributable Q4 F2009 production from the South African mines is expected
to increase by about 2% to approximately 16,400kg (520koz), compared with
16,088kg (517koz) achieved in Q3 F2009, with the individual mines expected to
perform as follows:

    -  Driefontein is expected to produce approximately 6,600kg (212koz);
    -  Kloof is expected to produce approximately 4,990kg (160koz);
    -  South Deep is expected to produce approximately 1,600 kg (52koz) and
    -  Beatrix is expected to produce approximately 3,200kg (103koz).

    During the quarter production at both Driefontein and Kloof was impacted
by increased levels of seismicity resulting in safety related production
interruptions. As expected, both South Deep and Beatrix showed improved
performances during the quarter, with South Deep now having positioned itself
well for increased production during F2010, and Beatrix starting to recover
from the mining quality issues that plagued it during Q2 F2009 and Q3 F2009.

    International Regions

    Attributable Q4 F2009 production from the international mines is expected
to increase by about 6% to approximately 377koz, compared with 354koz achieved
in Q3 F2009, with the individual mines expected to perform as follows:

    -  Tarkwa is expected to produce approximately 165koz;
    -  Damang is expected to produce approximately 53koz;
    -  St Ives is expected to produce approximately 109koz;
    -  Agnew is expected to produce approximately 45koz; and
    -  Cerro Corona is expected to produce 37,500 oz gold and 9,400 tons
       copper which equates to approximately 84koz on a gold equivalent

    During the quarter all of the international operations performed broadly
as expected with Cerro Corona and Agnew outperforming. While marginally below
guidance, the build-up at Tarkwa is progressing to plan. The variance from
guidance was partially as a result of power interruptions caused by unplanned
maintenance on the national power supply grid.

    Nick Holland, Chief Executive Officer of Gold Fields, said:

    "The important feature of Q4 F2009 is that our operations have generally
shown greater consistency and predictability in their performance, enabling us
to achieve our overall operational guidance for the quarter."
    "I am particularly pleased that, despite the seismic related safety
incidents at Kloof and Driefontein, our safety performance continued to
improve. With F2009 almost complete, our fatal injuries have shown an
improvement of approximately 57%, declining from 47 in F2008 to 20 in F2009,
with no fatalities reported at our international mines. All other safety
measures have also shown significant improvements. We are not yet happy with
this performance and remain committed not to mine if we cannot mine safely and
to achieve zero harm to our employees."
    "Gold Fields will in Q4 F2009, for the third consecutive quarter,
maintain the upward trend in its attributable production, and will be more
than 100koz (13%) above the production low-point of 798koz reported in Q1
    "We remain committed, during the next 12 months, to build up to our
production goal of 950koz to 1moz per quarter, as safety continues to improve
at the South African operations; Tarkwa achieves full production; Beatrix
continues its recovery; Kloof improves as a result of improved flexibility;
and South Deep builds up towards its target of approximately 300koz for

    Detailed results for Q4 F2009 will be published on 6 August, 2009, at
08:00am South African time.

    (1) NCE is operating costs plus all sustaining and project capital
        (brownfields exploration is included in NCE).

    About Gold Fields

    Gold Fields Limited is one of the world's largest unhedged producers of
gold with attributable steady state production of approximately 4 million
ounces per annum from nine operating mines in South Africa, Peru, Ghana and
Australia. 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), NASDAQ
Dubai Limited (NASDAQ Dubai), NYSE Euronext in Brussels (NYX) and Swiss
Exchange (SWX). For more information please visit the Gold Fields website at

For further information:

For further information: Enquiries: Willie Jacobsz, Mobile:
+1-857-241-7127; Nikki Catrakilis-Wagner, Mobile: +27(0)83-309-6720

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