Gold Fields' Acquisition Of Wmc Gold Assets Comple
Share Code : GFI
ISIN Code : ZAE000018123
Johannesburg, 3 December 2001 - Gold Fields Limited ("Gold Fields") (JSE:
GFI and Nasdaq: GOLD) is pleased to announce that its acquisition of the St
Ives and Agnew gold mines in Western Australia, from WMC Resources Limited,
was completed on Friday, November 30. The transaction was completed in
accordance with the terms and conditions previously announced and Gold
Fields has now assumed full ownership, management and operational
responsibility for the operations.
The St. Ives operation, located 80 kilometres south of Kalgoorlie, produced
approximately 408,000 ounces of gold in the year ended December 31, 2000 and
had reserves of approximately 3.152 million ounces as of June 30, 2001.
Agnew, 25 kilometres southwest of Leinster, produced approximately 210,000
ounces in the same period and had gold reserves of approximately 790,000
ounces as of June 30, 2001.
Gold Fields is one of the world's leading precious metals companies with
total annual gold production, for the year ended June 30, 2001 and not
including any production from St. Ives or Agnew, of 3.8 million ounces and
had reserves in excess of 70 million ounces as of June 30, 2001.
- end -
For further information:
SOUTH AFRICA
Willie Jacobsz
Senior Manager
Corporate Affairs & Investor Relations
Office: +27 11 644-2460
Mobile: +27 82 493-1377
investors@goldfields.co.za
NORTH AMERICA
Cheryl A Martin
Senior Vice President
North American Investor Relations
Office: +303 796-8683
Fax: +303 796-8293
camartin@gfexpl.com
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