Gold Fields Limited · JSE:GFI

Gold Fields — Investor Presentation (2011)

15 slides from Gold Fields's investor presentation, 2011

  1. Slide 1: South America Region

    South America Region CEM Ficios

  2. Slide 2: Overview

    Overview Gold Equivalent Production1 and NCE Margin (2008 – 2011) koz % 500 70 Cerro C 60 Corona 400 50 Lima PERU 300 40 Chucapaca 200 406 30 Project 332 20 100 10 74 0 0 2008 2009 2010 2011E Production NCE Margin Mineral Reserves & Resources2 EBITDA3 (Group Contribution) NCE Margin 31 Dec 2010 (Moz

  3. Slide 3: Peru: Political and Fiscal Overview

    Peru: Political and Fiscal Overview  Ollanta Humala – Positive initial signaling − Cabinet and Central Bank – continuity − Moderated campaign speech – convert? New  Most likely scenario: remain “a la Lula” Government  Social issues remain critical − Potential conflicts/unrest − Non-binding previo

  4. Slide 4: Building a million ounce region: from Peru to Chile to Argentina

    Building a million ounce region: from Peru to Chile to Argentina  Peru remains a competitive mining environment  Cerro Corona optimization and growth opportunities to grow to ~500koz per year  Deliver Chucapaca Project - first production expected by 2015  Significant regional expansion opportuni

  5. Slide 5: A track record of delivery: Achievements since 2008

    A track record of delivery: Achievements since 2008 Cerro Corona  Completed construction & ramp-up ramp up in record time Construction  Transitioned a project into a world-class operation  Cerro Corona delivering 61% NCE Margin Cost Control  Most profitable operation in Group  Cerro Corona rese

  6. Slide 6: Cerro Corona: Sustained improvement in performance

    Cerro Corona: Sustained improvement in performance Plant Throughput and Recoveries (2008 – 2011 YTD) 850 100  Delivering optimisation projects 800 800 777 90 − Throughput >800tph − Au recovery >65% 750 729 82.9 82.7 80 ghput (tph) − Cu recovery >85% 80.2 Recoverry (%) 700 70 Throug  Main projects

  7. Slide 7: Cerro Corona: Production above original parameters

    Cerro Corona: Production above original parameters  Sustained production above project parameters  Steady increase in gold production  Copper production above plan but declining due to decreasing head grades Production (2008A – 2011E) ounces tonnes 600 000 45 000 41 402 37 100 38 506 40 000 500 0

  8. Slide 8: Cerro Corona: Highest NCE margin in the Group

    Cerro Corona: Highest NCE margin in the Group NCE, Cash Cost, NCE margin and Operating margin (2008 – 2011)  Sustained increase in profit margins 1600 80 72  61% NCE margin 70.7 1400 70 62.4  72% operating margin 56.5 61.0 1200 60 1000 50  Lowest cost producer in the Group (YTD 2011) US$/oz 42.9

  9. Slide 9: Strategic objectives

    Strategic objectives  Optimization p of Cerro Corona Optimise − Increase throughput and recoveries Our Assets − Grade control  LOM optimisation  Cerro Corona − Convert resources to reserves Grow − LOM tailings and waste storage optimisation Gold Fields − Oxides Project  Chucapaca Project: Comple

  10. Slide 10: Potential to increase reserves at Cerro Corona

    Potential to increase reserves at Cerro Corona  Potential to add ~40Mt of reserves (~1.8M Aueq Cerro Corona Reserves (million dmt) ounces)  15,000m infill drilling programme completed since 2010  New geological model by Q4 2011  Corona Deeps drilling programme scheduled for 2012 127  Approximat

  11. Slide 11: Cerro Corona: Oxides Project

    Cerro Corona: Oxides Project Significant value to be monetised at Cerro Corona  7.2Mt of oxides @ 1.37g/t g for 300koz Oxide stockpile 7,000 1.70  Alternatives for treatment analyzed − Best current option: heap leach 6,000 1.60 − Gold production: ~250koz to be recovered 5,000 1.50  Key milestones

  12. Slide 12: Chucapaca: our flagship growth project

    Chucapaca: our flagship growth project Project with the right strategic fit for the region  Quality Resource  Robust project  Exploration upside  Geographic diversification within Peru Project execution on track – right capabilities  Experienced team  St Strong community it supportt  Studies

  13. Slide 13: Significant growth upside through exploration

    Significant growth upside through exploration Up to 30,000m to be drilled in next 10 months Peru 10°  Moquegua, Moquegua Tacna and Amantina JV (70% GFI)  Encouraging surface results at Chocamane, Ichocollo, Pacosani and Chapi Chiara 0°  Two targets currently being drilled with another two ready t

  14. Slide 14: South America Region: Project Pipeline

    South America Region: Project Pipeline Targeting 1.0Moz attributable production Early E l stage t Advanced Ad d stage t Pre-Feasibility P F ibili & Construction Exploration Exploration Feasibility  Peru  Argentina  Cerro Corona  Cerro Corona – Tacna – Taguas (GFI up to 70%) – Oxides Heap Leach –

  15. Slide 15: South America Region: 5-year target

    South America Region: 5-year target A clear and focused strategy to deliver high margin growth The Gap  Peru greenfields  Regional diversification ~200koz  Chile  Argentina  Colombia Chucapaca Cerro Corona Phase II expansion i Oxides project 800koz Aueq either in development Current Base or pro

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