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Gold Fields is a significant unhedged producer of gold with attributable annualised production of approximately 2.0 million gold equivalent ounces from six operating mines in Australia, Ghana, Peru and South Africa. Gold Fields also has an extensive and diverse global growth pipeline with four major projects at resource development or feasibility level. Gold Fields has total managed gold-equivalent Mineral Reserves of 64 million ounces and Mineral Resources of 155 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). In February 2013, Gold Fields unbundled its KDC and Beatrix mines in South Africa into an independent and separately listed company, Sibanye Gold



Review of International Operations

Agnew Gold Mine

PDF format Technical short form report (PDF - 2MB)

Agnew, Australia  
Mineral Resources at 3.8 Moz.
Mineral Reserves at 1.3 Moz.
Stable Mineral Reserve and Mineral Resource base.
Positive results at Cinderella – potential starter pit.
High grade shoots – Fitzroy, Bengal and Hastings – discovered beneath Main Lode.
Life of Mine extends to 2018 (seven years).

Agnew has a well-funded exploration strategy aimed at extending existing Mineral Reserves from its prospective and relatively unexplored tenements through target testing, new discovery and new target generation for future definition.

     
PRODUCTION: 6,035 kg (194,000 ozs) TOTAL CASH COSTS: AUS$675 (US$696/oz)

The Agnew Gold Mining Company Pty Limited is wholly owned by Gold Fields Limited and currently holds tenements covering an area of approximately 68,138 hectares. Agnew is located some 375 kilometres north of Kalgoorlie in the same geological region as St Ives Gold Mine, and exploits shear-hosted auriferous zones from the highly mineralised Norseman-Wiluna Greenstone Belt.

Agnew represents a solid base for Gold Fields’ growth in the region and is an important contributor to the stated vision, “To be the global leader in sustainable gold mining”, with a target contribution from the Australasia Region of ~1.0 Moz per annum by 2015 in production or development.

Main strategic aims for the company are the discovery of additional Mineral Reserve sources to supplement Waroonga in the short term and the discovery of a significant new ore complex to replace Waroonga in the medium to long term.

Reported Mineral Reserves at Agnew were maintained at 1.3 Moz from December 2010 to December 2011, including the impact of depletion at 224 koz, indicating an effective increase of 205 koz. Changes from December 2010 were dominated by extensions to the main ore body at the Waroonga Underground Complex and the impact of higher gold price assumptions for the December 2011 statement.

    Units Dec
2011
  Dec
20101
June
2010
June
2009
June
2008
 
  Open pit mining                
  Total mined kt 1,610   393  
  – Waste mined kt 1,024   191  
  – Ore mined kt          586   202  
  Mined grade g/t             1.6   3.2  
  Strip ratio (tonnes) waste : ore             2.1   1.0  
  Underground mining                
  Ore mined kt          621   312 581 737 505  
  Mined grade g/t             9.7   8.4 8.9 7.9 9.3  
  Processing                
  – Mill tonnes kt          935   417 883 1,066 1,315  
  – Mill head grade g/t             7.0   6.5 6.2 5.8 5.3  
  – Yield g/t             6.5   5.9 5.8 5.6 4.8  
  – Plant recovery factor %       94.0   93.7 93.4 92.6 92.9  
  Gold produced                
  – Milling koz          194   80 165 192 204  
  – Heap leach koz       N/A   N/A N/A N/A N/A  
  Total gold produced koz          194   80 165 192 204  
  kg 6,035   2,258 4,685 5,253 5,873  
  Gold sold oz          194   80 165 192 204  
  Financials                
  Operating cost A$/oz          692   680 614 526 452  
  Total cash cost A$/oz          675   662 611 541 496  
  US$/oz          696   621 539 401 445  
  Capital expenditure A$ million       71.8   26.6 62.6 41.6 37.0  
  Notional cash expenditure(NCE) A$/oz 1,062   1,013 992 743 632  
  US$/oz 1,096   951 875 550 567  
  General                
  Employees (TEC) number          440   364 375 343 314  
  Mineral Reserves Mt             7.1   6.9 6.7 2.9 2.5  
  Mineral Reserve Head Grade g/t             5.7   6.0 5.7 7.7 7.7  
  Mineral Reserves Moz             1.3   1.3 1.2 0.7 0.6  
  Expected Life of Mine years                7   7 7 4 3  
1
Figures shown represent the six months to 31 December 2010. Rounding off of figures presented in this report may result in minor computational discrepancies. Where this occurs it is not deemed significant.