| Mon 10 Dec 2007, 16:55 | | GFI - Gold Fields Announces Total Attributable Ore Reserves Of 91.6 Million |
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GFI
GOGOF
GFI - Gold Fields Announces Total Attributable Ore Reserves Of 91.6 Million
Ounces As At 30 June 2007
Gold Fields Limited
(Registration Number 1968/004880/06)
("Gold Fields")
Share Code: GFI
ISIN: ZAE000018123
MEDIA RELEASE
Gold Fields announces total attributable Ore Reserves of 91.6 million ounces
as at 30 June 2007.
Johannesburg, 10 December 2007: Gold Fields Limited ("Gold Fields") (NYSE,
JSE, DIFX: GFI) on Friday, 7 December 2007, published an updated interim Ore
Reserve Statement as at 30 June 2007, as part of its 20F filing and in
compliance with NYSE and SEC requirements.
Total attributable Ore Reserves (inclusive of copper as gold equivalents)
decreased by 2% to 91.6 (93.8) million ounces.
The updated Ore Reserves took account of increased costs and a higher gold
price. Attributable depletion accounted for 2.2 million ounces, while lower
pay limits, limited remodelling and discoveries contributed an additional
0.3 million ounces. A full remodelling and rescheduling exercise was not
undertaken for this interim statement, as this will be done for the June
2008 declaration. The table below compares the June 2007 Reserves with those
of December 2006.
Ore Reserves were calculated using gold prices of R120,000/kg in South
Africa; A$715/oz in Australia; and US$550/oz in Ghana, Venezuela and Peru,
in line with the SEC guidelines. The copper price was kept constant at 1.25
US$/lb and as a result the equivalent gold ounces decreased by 0.25 million.
An external independent auditor has confirmed that the Reserves are
classified according to the SAMREC Code.
The comparason of ore reserves between December 2006 and June 2007 is
available on the Gold Fields at www.goldfields.co.za.
Gold Fields Limited is one of the world`s largest unhedged producers of gold
with attributable production of 4.0 million ounces per annum, total
attributable ore reserves of 92 million ounces and mineral resources of 252
million ounces. The Group employs some 47,000 permanent employees across
its operations and is listed on the JSE Limited South Africa (primary
listing), the New York Stock Exchange (NYSE) and the Dubai International
Financial Exchange (DIFX).
For further details refer to the 20-F form as lodged with the SEC
Willie Jacobsz
Tel +27 11 644-2460
Fax +27 11 484-0639
Mobile 082 493 1377
Williej@goldfields.co.za
-ends-
Date: 10/12/2007 16:55:04 Produced by the JSE SENS Department.
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