GFI - Gold Fields - Media Release - Total attribut
GFI
GOGOF
GFI - Gold Fields - Media Release - Total attributable Mineral Resources of
251.7 million ounces and Ore Reserves of 93.8 million ounces
Gold Fields Limited
Incorporated in the Republic of South Africa
Registration number 1968/004880/06
Share code: GFI
Issuer code: GOGOF
ISIN: ZAE000018123
MEDIA RELEASE
Gold Fields announces total attributable Mineral Resources of 251.7 million
ounces and Ore Reserves of 93.8 million ounces
Johannesburg, 6 June 2007: Gold Fields Limited ("Gold Fields") (NYSE, JSE,
DIFX: GFI) today published its Mineral Resource and Ore Reserve Statement for
the 12 month period to 31 December 2006.
Total attributable precious metal Mineral Resources, inclusive of Ore Reserves,
increased by 40% to 251.7 million ounces and total attributable Ore Reserves
increased by 44% to 93.8 million ounces. Both numbers are net of 12 months`
depletion and include the acquisition of South Deep gold mine.
Ian Cockerill, Chief Executive Officer of Gold Fields said:
"We are pleased to be able to announce such a strong Resource and Reserve
Statement that significantly increases our overall position, not only replacing
the Reserves that we have mined but also helping to grow Gold Fields and
underpin our strategic focus on securing the future."
"Guided by our commitment to Corporate Governance, the consistency in reporting
among our operating mines and compliance with public and internal regulatory
codes of practice are paramount. The Mineral Resource Management processes
utilised by the Group continue to improve through enhanced competent persons
reporting. Gold Fields` Resource and Reserve Statement has been audited by a
leading independent global mining consultancy and is SAMREC compliant and
aligned to the requirements of the Sarbanes-Oxley Act."
Mineral Resources were calculated using a gold price of R135,000/kg in South
Africa; A$875/oz in Australia; and US$650/oz in Ghana, Venezuela and Peru.
Ore Reserves were calculated using a gold price of R100,000/kg in South Africa;
A$650/oz in Australia; and US$500/oz in Ghana, Venezuela and Peru, as per SEC
guidelines.
The full Mineral Resource and Ore Reserve declaration Supplement is available on
the Gold Fields website at www.goldfields.co.za
Date: 06/06/2007 10:56:01 Produced by the JSE SENS Department.
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