Slide 1: South America Region – Cerro Corona
South America Region – Cerro Corona Investor Visit – Cajamarca, Peru Day 2 | 15 November 2011
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements in this document constitute “forward looking statements” within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. Such forward looking statements involve known and unknown risks, uncert
Slide 3: Safety First
Safety First o 'e€Los
Slide 4: Cerro Corona: Project Location
Cerro Corona: Project Location 4
Slide 5: Cerro Corona: Project Location
Cerro Corona: Project Location Location Map The Cerro Corona orebody is a copper- gold porphyry Cerro Corrona mining operation is located 1.5km west-northwest of the village of Hualgayoc 600km north-northwest of Lima and 80km by paved road from Cajamarca 400 250km Km Salaverry SalaverryPort Po
Slide 6: Key Milestones
Key Milestones Delivered a world-class project in record time 31 August December Certifications January End Transition ISO Dec 2009 Ramp up Project acquisition from Construction OHSAS Jun 2010 completed completed to Operation Integrated System Aug 2011 Jan - 06 Jul - 08 Aug - 08 Sep - 08
Slide 7: Cerro Corona Operation Layout
Cerro Corona Operation Layout 7
Slide 8: Life of Mine Reserves (December 2010)
Lif of Mine Reserves (December 2010) Tons (Mt) Gold Grade (g/t) Copper Grade (%) Gold (koz) Copper (Mlb) Proved 42.2 1.04 0.56 1,405 520 Probable 44.1 0.89 0.46 1,267 444 TOTAL 86.3 0.96 0.51 2,672 965 8
Slide 9: Process Flow Sheet
Process Flow Sheet OPEN PIT CONCENTRATE 400 t/d (21% Cu, 1oz/t Au) CRUSHING GRINDING FLOTATION TONNAGE 20K t/d (0.5% Cu, 1g/t Au) Tails TAILING DAM 9
Slide 10: Utilities
Utilities Power 220 MW Power line from Cajamarca Norte to Cerro Corona sub-stations. Cerro Corona consumption: 20 MW Water Water for process: Recycling from TMF. Water-balance: Rainfall & Diversion channels Permitting – Approved in 2010/2011 EIS permitting: 4th Modification. Closur
Slide 11: Safety Statistics
0 Jun-09 Jun-09 23 1 Sep-09 Sep-09 18 Minor Injuries 0 Dec-09 Dec-09 16 Lost Time Injuries 0 Mar-10 Mar-10 15 0 Jun-10 Jun-10 15 0 Sep-10 8 Sep-10 Safety Statistics 0 Dec-10 7 Dec-10 0 Mar-11 Mar-11 12 0 Jun-11 Jun-11 13 1 Sep-11 Sep-11 12 “If we cannot mine safely, we will not mine” Jun-09 3 Jun-09
Slide 12: KPI - Throughput
KPI - Throughput Throughput (tph) 800 800 775 777 775 750 729 700 650 615 600 2008 2009 2010 2011 YTD Actual (tph) Design (tph) ________________________ Note: 2011 YTD for the 10 months ending October 2011 20
Slide 13: KPI – Plant Availability
KPI – Plant Availability Plant Availability (%) 100 98 95.42 96 95.17 94 91.32 91.09 92 91.32 90 88 86 84 82 80.81 80 2008 2009 2010 2011 YTD Actual (%) Design (%) ________________________ Note: 2011 YTD for the 10 months ending October 2011 21
Slide 14: KPI – Gold Head Grade
KPI – Gold Head Grade Au Head Grade (g/t) 1.24 1.25 1.22 1.20 1.20 1.20 1.16 1.15 1.10 1.08 1.05 1.00 1.01 1.01 0.95 2008 2009 2010 2011 YTD (*) Actual (g/t) Base Case (g/t) ________________________ Note: 2011 YTD for the 10 months ending October 2011 22
Slide 15: KPI – Copper Head Grade
KPI – Copper Head Grade Cu Head Grade (%) 0.90 0.85 0.84 0.80 0.80 0.75 0.75 0.74 0.74 0.70 0.65 0.65 0.63 0.60 0.54 0.55 0.50 2008 2009 2010 2011 YTD Actual (%) Base Case (%) ________________________ Note: 2011 YTD for the 10 months ending October 2011 23
Slide 16: KPI – Gold Recovery
KPI – Gold Recovery Au Recovery (%) 70 68 66 65.2 64 64.4 63.7 62 60 58 56 54 54.0 52 50 2008 2009 2010 2011 YTD Actual (%) ________________________ Note: 2011 YTD for the 10 months ending October 2011 24
Slide 17: KPI – Copper Recovery
KPI – Copper Recovery Cu Recovery (%) 88 83 82.7 82.9 80.2 78 73 68 63 60.9 58 2008 2009 2010 2011 YTD Actual (%) ________________________ Note: 2011 YTD for the 10 months ending October 2011 25
Slide 18: KPI – Gold Production
KPI – Gold Production Au produced (oz) 150 000 132,420 127,278 130 000 119,563 115,618 118,648 110 000 115,030 90 000 70 000 65,635 50 000 32,937 30 000 2008 (Aug-Dec) 2009 (Jan-Oct) 2010 (Jan-Oct) 2011 (Jan-Oct) Actual (oz) Base Case (oz) 26
Slide 19: KPI – Copper Production
KPI – Copper Production Cu produced (t) 40 000 35,132 35 000 32,206 30,079 30 000 26,791 25 000 25,954 22,867 20 000 15 000 15,465 10 000 7,007 5 000 2008 (Aug-Dec) 2009 (Jan-Oct) 2010 (Jan-Oct) 2011 (Jan-Oct) Actual (t) Base Case (t) 27
Slide 20: KPI – Gold Equivalent Production
KPI – Gold Equivalent Production Equivalent Ounces Produced (oz) 360 000 341,982 312,395 310 000 274,607 260 000 268,415 250,922 238,377 210 000 152,768 160 000 110 000 73,977 60 000 2008 (Aug-Dec) 2009 (Jan-Oct) 2010 (Jan-Oct) 2011 (Jan-Oct) Actual (eq oz) 28
Slide 21: KPI – Operating Expenditure
KPI – Operating Expenditure Operating expenditure (2008 – 2011) 156 158 160 550 500 140 514 470 123 450 120 400 406 388 100 350 300 80 250 60 200 38 150 40 100 20 26.0 25.6 24.7 50 23.2 0 0 2008 2009 2010 2011 YTD Operating Costs (US$m | LHS)) Operation Cost/Eq ounce (US$/oz | RHS) Operating cost/to
Slide 22: KPI – Capital Expenditure
KPI – Captital Expenditure Capital expenditure (2008 – 2011) 300 3600 3292 3200 250 244 2800 200 2400 2000 150 1600 100 85 1200 70 800 49 50 257 400 172 162 0 0 2008 2009 2010 2011 YTD Capex (US$m | LHS) Capex/Eq ounce (US$/oz | RHS) ________________________ Note: 2011 YTD for the 9 months ending Se
Slide 23: NCE & NCE margin | Total Cash Cost & Operating margin
KPI – NCE & NCE margin | Total Cash Cost & Operating margin Key financial metrics 1800 80 72 71 1600 1560 70 62 1400 60 61 1200 56 50 43 1000 40 35 800 626 30 600 532 557 426 380 361 363 20 400 200 10 0 0 2008 2009 2010 2011 YTD NCE (US$m | LHS) Total Cash Cost (US$m | LHS) Operating Margin (% | RHS
Slide 24: Optimization Projects
Optimization Projects Cerro Corona optimization projects underway Optimization program launched Q4 2010 Actual results show a 2%-3% increase in recoveries Metallurgical task team in place Recovery and Grades Main projects implemented 100 1.75 95 Improve reagent dosing and addition 1.55 90
Slide 25: Cerro Corona: Production Plan (2011-2024)
Cerro Corona: Production Plan (2011-2024) Ore Life of Mine Tonnes (millions) 86.3 Au grade (g/t) 0.96 Cu grade (%) 0.51 Au recovery (%) 73.2 Cu recovery (%) 87.9 Concentrate Life of Mine Tonnes (‘000) 1,672 Au grade (g/t) 36 Cu grade (%) 23 Au ounces (‘000oz) 1,876 Cu tonnes (‘000t) 369 Au-eq ounces
Slide 26: Social Development
Social Development Social Development Role: catalysts of development Local Sustainable Employment Infrastructure Development & Projects Training BUILDING RELATIONSHIPS OF TRUST 9 Roads 9 Direct / indirect employment 9 Self-sustaining 9 Electrification 9 “Economic circles” 9 Communications 9 Communit
Slide 27: Sustainable Development
Sustainable Development Improved Improved pastures pastures Improved cattle Potatoes Colza (bio-diesel) 35
Slide 28: Cerro Corona: 5 Year Plan
Cerro Corona: 5 Year Plan Strategic Objectives To be the best place to work in the industry To be the Consolidate leader in operational sustainable efficiency gold mining Gold Fields’ best operation in 2015 Increase Target reserves to production of 127Mt from 500koz Au-Eq 86Mt 36
Slide 29: Key Strategic Initiatives
Key Strategic Initiatives Description Timeline Implement Optimization Process Plant Optimise Our Operations Optimization Projects to increase Q2 2012 recoveries & throughput Sulphide plant Analyze feasibility of sulphide Q4 2012 Expansion plant expansion Grow Gold Fields Leach Pad for Complete feasi
Slide 30: Questions?
? Questions a Qa | u