Slide 1: Second Quarter 2011 and Interim Results
Second Quarter 2011 and Interim Results Period ending 30 June 2011 11 August 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: Overview
Overview yy Srey oA ¥) e fh SN Sa > ‘}) =
Slide 4: June 2011 Salient Features
June 2011 Salient Features Increased production, good cost control and higher gold price boost earnings NCE margin (%) 5% increase in equivalent production to 872,000 ounces 21% 21% 21% Operating margin increased to 47% NCE margin of 21% for Q1 2011 and H1 2011 14% Good cost control across t
Slide 5: June 2011 Salient Features
June 2011 Salient Features Delivering the gold price to shareholders DPS (SA cents per share) 100 Free cash flow of R669 million1 Concluded the acquisition of minority interests in Peru and Ghana 70 70 Good progress made on growth portfolio 50 Interim dividend of SA100 cps Dec-09 Jun-10 Dec-
Slide 6: Growing the NCE Margin
Growing the NCE Margin US$/oz 1600 1400 21% 1200 1000 800 600 400 Jun 2008 Dec 2008 Jun 2009 Dec 2009 Jun 2010 Dec 2010 Jun 2011 Gold Price Cash Costs NCE 6
Slide 7: Creating a Globally Diversified Company
Creating a Globally Diversified Company 50% 47% 52% 63% 59% 50% 53% 48% 37% 41% H1 2008 H1 2009 H1 2010 H1 2011 Pro-forma H1 2011 1 International Production SA Production 1 Gold equivalent attributable production 7
Slide 8: Improving the Profitability of the Portfolio
Improving the Profitability of the Portfolio Ounces % 1 100 000 45 1 000 000 40 900 000 35 800 000 30 700 000 600 000 25 500 000 20 400 000 15 300 000 10 200 000 100 000 5 0 0 H1 2008 H1 2009 H1 2010 H1 2011 International Production1 (lhs) International NCE margin (rhs) 1 Gold equivalent managed pro
Slide 9: Australasia Region Overview
Australasia Region Overview Significant turnaround at Agnew Q2 production of 159,000oz (Q1: 158,000oz) 33% increase in production to 50,400oz at Agnew Transition to owner mining at St Ives (U/G) completed Agnew Brisbane Athena construction completed – ramping up to full St Ives production Ka
Slide 10: South Africa Region Overview
South Africa Region Overview Safety: the key to sustainable delivery 9% increase in production to 447,000oz KDC Pretoria Johannesburg Solid performance from Beatrix - 32% increase in production to South Deep Beatrix 98,000oz and an NCE margin of 23% Bloemfontein Business Process Re-engineering
Slide 11: South America Region Overview
South America Region Overview A major cash generator Q2 gold equivalent production1 101,000oz (Q1 2011: 2011 108 108,000oz) 000 ) Cerro Corona 2% decrease in NCE to US$526/oz PERU Buy-out Lima Chucapaca y of minority y shares concluded Project Ownership increased to 98.5% from 80.7% Oxides
Slide 12: West Africa Region Overview
West Africa Region Overview Acquisition of minorities completed Q2 production1 of 237,200oz (Q1: 241,600oz) NCE of US$885/oz, 6% lower q/q Concluded acquisition of minority interest MALI Ownership increased to 90.0% from 71.1% Transition to owner mining and maintenance Bamako at Damang com
Slide 13: Growth Portfolio
Growth Portfolio IGovp| Fiecps
Slide 14: South Deep Project – South Africa
South Deep Project – South Africa Building a world-class mine Production Build-up (ounces) Production of 76,100oz, 76 100oz 3% increase q/q 800 Infrastructure projects tracking well 600 Development and de-stress mining rates 400 iimproving i 200 11% increase q/q in de-stress mining to 5,529m
Slide 15: Damang Super Pit Project - Ghana
Damang Super Pit Project - Ghana Targeting a four-fold increase in reserves to 4Moz at Damang Super Pit Damang Reserves (‘000 ounces) 6 000 Grade control model extrapolated to depth and evaluated for mining potential 5 000 25,000m Proof of Concept Drilling 4 000 completed to test extrapolated co
Slide 16: Damang Super Pit Project - Ghana
Damang Super Pit Project - Ghana Damang Pit Cut-Back Huni Damang Juno current pit shell drill hole intersection 122m at 1.7 g/t Au surface topography 180m at 2.4 g/t Au 408m at 0.5 g g/t Au 605m at 0 0.6 6 g/t Au drill hole trace 72m at 3.9 g/t Au 270m at 1.0 g/t Au 425m at 0.7 g/t Au 351m at 1.2 g/
Slide 17: Damang Super Pit Project - Ghana
Damang Super Pit Project - Ghana Damang Super Pit Project Current Pit Reserve Shell ($1,000/oz) Greater Damang Extensional Shell ($925/oz) 3 km
Slide 18: Chucapaca JV Project - Peru
Chucapaca JV Project - Peru Drilling extending current resource Phase II drilling underway Twelve drill rigs on on-site site working on infill infill, step step-out out and geotechnical drilling 90,000 meters of drilling to date Canahuire drilling returning positive results Deposit open to
Slide 19: Chucapaca JV Project - Peru
Chucapaca JV Project - Peru 5.6 Million Ounce au-eq (May 2010) Resource Shell 1.3km 350m Grades improving Model extending 19
Slide 20: Arctic Platinum Project - Finland
Arctic Platinum Project - Finland A 12Moz palladium-rich 2PGE+Au Resource in a low risk country Suhanko Mining Area Pilot plant metallurgical test work on schedule Pilot flotation campaign p g completed p Integrated refinery pilot plant campaign underway Overall metal recoveries compare favo
Slide 21: Yanfolila Project - Mali
Yanfolila Project - Mali Targeting 1.5 – 2.0Moz starter Resource Resource delineation drilling delivering positive results Four rigs on the Komana East, Komana West and Kabaya South deposits ~38,000m 38 000 drilling d illi completed l t d Current estimated Resource 1Moz compared to 740,000 o
Slide 22: Yanfolila Project – Mali
Yanfolila Project – Mali Komana East Deposit Approximately 13,000m of drilling completed Positive results returned from infill and extension drilling Deposit open to the North and at depth Komana East – Long Section S KRC0267 – 19m @ 4.21g/t N KRC0265 – 36m @ 5.01g/t KRCD0224 – 16m @ 4.42 g/t
Slide 23: Far Southeast Project – Philippines
Far Southeast Project – Philippines Eight diamond underground drill rigs turning Completed ~22,000m 22 000m of drilling Approval for surface drilling obtained – ground preparation commenced Early drill results to date support the existence and extent of the known core of mineralisation and f
Slide 24: Far Southeast Project – Philippines
Far Southeast Project – Philippines NW Geological Setting SE Tubo TUBOShaft SHAFT Victoria: Victoria : Prod.1997-present; Prod. 1997 1997-- present; 1818Mt Mt@@7.7 7.7g/t g/tAu Au Victori a veins i New Drilling coverage from 700 level SEA LVL. 24
Slide 25: Far Southeast Project – Philippines
Far Southeast Project – Philippines Horizontal projection of 2011 drilling N 500m 25
Slide 26: Far Southeast Project – Philippines
Far Southeast Project – Philippines D ill H Drill Hole l FSU115003 Current EOH @ 1,775m 26
Slide 27: Far Southeast Project – Philippines
Far Southeast Project – Philippines Horizontal Projection of 2011 Drill Results Drill Hole Id Cut- From Int. Au Cu Au Incl Cut- From Int. Au Cu Au off (m) (m) (g/t) (%) eq off (m) (m) (g/t) (%) eq (Au (g/t) (Au (g/t) eq) eq) FSU111001 0.5 360.0 967.5 0.29 0.43 1.10 1.5 455.0 67.5 0.39 0.85 1.97 1.5
Slide 28: Conclusion
Conclusion Growth projects progressing well Increased international production diversification Higher Hi h gold ld price i - improved i d margins i and d greater cash h fl flow 28
Slide 29: Q&A
Q&A » ie! e fh CeeMy Ficcos 5: ey, i) =
Slide 30: A Deep Value Opportunity
Investor Relations Zakira Amra Senior Vice President Investor Relations & Corporate Affairs (office) +27 11 562 9775 (mobile) +27 79 694 0267 zakira.amra@goldfields.co.za Nikki Catrakilis-Wagner Investor Relations Manager (office) +27 11 562 9706 (mobile) +27 83 309 6720 nikki.catrakilis-wagner@gold