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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.
*Based on the annualised run rate for the fourth quarter of F2009

Map of global exploration

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Worldwide exploration projects

Gold Fields incorporates a three-pronged exploration strategy. It focuses on its own 100% owned grass roots projects throughout the world. In addition, one of its most successful strategies has been the funding of junior exploration companies by means of equity placements, with concomitant rights to joint venture key projects. Acquiring stock in a rising gold market, through the equity placements, has been an effective way to fund the costs associated with exploration deals. This strategy also helps to mitigate the startup cost of entering into new political jurisdictions.