Gold Fields Limited · JSE:GFI
Gold Fields — Bank of America Global Metals & Mining Conference 2011
24 slides from Gold Fields's conference presentation, May 10, 2011
Slide 1: Towards Five Million Ounces
Towards Five Million Ounces Nick Holland Chief Executive Officer Gold Fields Limited Bank of America Global Metals & Mining Conference Barcelona, Spain May 10 – 12, 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: Gold Fields: A Growth Story
Gold Fields A Growth Story Finland APP Mali Yanfolila Philippines FSE Ghana Tarkwa Peru Damang Cerro Corona Chucapaca 2001 Australia South Africa Agnew KDC St Ives Beatrix South Deep 2011: Acquisition of minorities in Peru and Ghana 3
Slide 4: What Gold Fields Offers
Gold Fields What Gold Fields Offers …. A Quality Reserve 77 million ounces of reserves A Strong Production Base 3.6 million ounces annualised Safety Strategy Delivering 2010 safest year ever Strong Free Cash Flow US$136 million1 (4th quarter C2010) Strong Growth Pipeline Targeting at least 5moz by 2
Slide 5: Our Vision, Strategy & Target
Our Vision, Strategy & Target Simple Yet Compelling To Be The Global Leader In Sustainable Gold Mining Free Cash Flow Optimise Our Assets Grow Gold Fields Secure Our Future Targeting 5 million ounces by 2015* * In production or development 5
Slide 6: Growth Portfolio – Greenfields Projects
Growth Portfolio – Greenfields Projects Strong pipeline in support of growth strategy Cerro Production Corona South Deep Construction Chucapaca Feasibility Far Southeast Arctic Platinum Pre-feasibility Yanfolila Woodjam Talas Scoping Exploration projects in 13 Countries Exploration Developing five n
Slide 7: Growth Portfolio – Near Mine Projects
Growth Portfolio – Near Mine Projects Strong pipeline in support of growth strategy Athena Production (St Ives) Hamlet (St Ives) Construction Cerro Corona Oxides Feasibility Damang Super Pit Cerro Corona Resource Pre-feasibility Conversion Project Argo-Athena Camp (St Ives) Agnew Life Extension Scop
Slide 8: South Deep Project
South Deep Project Build-up continues to gather momentum • 35 Moz reserve • Build-up to 750 Koz by end of C2014 • 52% increase in 2010 Development Build-up (m) Driefontein/Kloof 20 000 Complex South Deep Project Johannesburg 15 000 Beatrix Gold Mine 10 000 5 000 SOUTH AFRICA 0 C2009 A C2010 A C2011
Slide 9: South Deep Project: Capital programme
South Deep Project Capital programme Capital Expenditure* (R'm) 3 000 2 500 2 000 1 500 1 000 500 0 C2009 A C2010 A C2011 E C2012 E C2013 E C2014 E * Forecast in 2010 money terms F2010 F2011 C2012 F2013 F2014 Status Refrigeration Plant 3 Twin Vent Shaft 3 Tailings Storage Facility 3 Plant Expansion
Slide 10: Chucapaca JV Project
Chucapaca JV Project Developing our second mine in Peru Chucapaca JV Project 51% Gold Fields Cerro Corona 49% Buenaventura Mine PERU Lima Chucapaca JV Project MOQUEGUA Mining Concessions Chucapaca JV Project Gold Fields Buenaventura Aruntani 12,700Ha 94,100Ha 18,400Ha Dominant land position with cam
Slide 11: Chucapaca JV Project: Drilling the Canahuire deposit
Chucapaca JV Project Drilling the Canahuire deposit • Discovery hole drilled September 2008 • +70,000m drilled • ~20,000m in phase 1 • ~50,000m to date in phase 2 • Phase 2 drilling underway • 12 drill rigs on-site • ~100,000m of infill and step out drilling planned • Canahuire initial resource of 5
Slide 12: Canahuire drilling – selected intersections
Chucapaca JV Project Canahuire drilling – selected intersections (gold only) Extent of CCP10_114 CCP10_103 CCP10_101 drilling used in 65.30 m @ 4.71g/t 163.50 m @ 3.71g/t 54.94m @ 4.16g/t and 108.7m @ 2.89g/t 2010 resource Resource urce PitShell Pi CCP10_088 131.9 m @ 3.29g/t Au CCP10_023A 58 m @ 4.
Slide 13: Canahuire drilling extending current resource
Chucapaca JV Project Canahuire drilling extending current resource W E 1.3km 5.6 Moz eq resource shell 350m Grades improving Model Looking North extending Higher grades and more ounces 13
Slide 14: Far Southeast Project
Far Southeast Project Drilling a world-class deposit • Gold and Copper porphyry • Exceptional grades and scale • Significant exploration potential • Established infrastructure • Tarred access roads and existing power lines and substations • Proximity to port facilities • Established camp, community
Slide 15: Far Southeast Project drilling from underground
Far Southeast Project 8 drill rigs drilling from underground Enargite 1,600m Drilling level Some historic drill intersections: FSE 691m at 2.5g/t Au, 0.9% Cu Au-Cu 907m at 1.5g/t Au, 0.5% Cu Porphyry 613m at 0.8g/t Au, 0.8% Cu 460m at 3.2g/t Au, 1.0% Cu 500m 100 m Victoria 18Mt @ 7.71g/t Au Enargite
Slide 16: Arctic Platinum Project
Arctic Platinum Project The sleeper in our portfolio • 100% Gold Fields owned • ~12 Moz resource of 2PGE • Au – Cu – Ni by-products ~50% of revenue • Good exploration potential • ROVANIEMI Arctic Platinum Project • Project economics improving • Price deck tripled since 2004 feasibility • Platsol® -
Slide 17: Arctic Platinum Project: PGE – Cu – Ni projects
Arctic Platinum Project PGE – Cu – Ni projects* ROVANIEMI SK Reef Project 49Mt @ 3.2g/t 5.1Moz 2PGE+Au (in situ) Penikat Project SJ Reef Resources still to Suhanko Project be declared 119Mt @ 1.97g/t 7.5Moz 2PGE+Au (in situ) TORNIO Outokumpu Kemi Chromite Stainless Steel Mine Kemi Harbour 12 million
Slide 18: Suhanko surface mining projects
Arctic Platinum Project Suhanko surface mining projects Suhanko North Exploring concept pit shell Tuumasuo Exploring concept pit shell Konttijarvi OP mining potential 2.9Moz in situ (2PGE+Au) Niittylampi Additional 4km to be explored Ahmavaara OP mining potential Vaaralampi 4.6Moz in situ Final stag
Slide 19: Yanfolila Project
Yanfolila Project Delineating our third mine in West Africa • Significant land position • 180 km by 60 km • Property consolidation ongoing • Extensive mineralisation MALI • Drill intensive project • Under shallow cover • Structurally controlled mineralisation • +80,000 m planned for 2011 Bamako Yanf
Slide 20: Yanfolila Project: Komana Camp
Yanfolila Project Komana Camp Guinea Saniouamale West Guirin West KEKomana East Komana WestKW Gonka Solona Kabaya South Targeting 2 million ounces within 20 km radius 20
Slide 21: Yanfolila Project: Komana East long section
Yanfolila Project South North KRC0150 – 30m @ 5 g/t and 4m @ 9.1 g/t (1m) KRC0147 – 22m @ 4.7 g/t (39m) KRC0210 – 13m @ 7.9g/t (23m) KRC0211 – 15m @ 9.1g/t (16m) KRC0155 – 21m @ 3.95g/t (0m) KRC0153 – 39m @ 1.8g/t (1m) KRC0172 – 16m @ 7.1g/t (61m) KRC0173 – 10m @ 2.1g/t (31m) base of KRCD0243 13.6m
Slide 22: Growth Portfolio: Conceptual build-up to ~5 Mozpa by 2015
Growth Portfolio Conceptual build-up to ~5 Mozpa by 2015 6 000 Higher quality Widen NCE margin 5 500 Increase cash flow 500 - 1,000 eq Au oz* Annual Production ('000Koz) 5 000 200 - 300 eq Au oz* 4 500 400 – 600 2PGE + Au eq oz* 150 - 250 Au oz* 4 000 3 500 Existing Production Base 3 000 2010 2011 2
Slide 23: Conclusions
Conclusions Towards Five Million Ounces • Growth portfolio developing rapidly • Global diversification accelerating • Growing free cash flow margin per ounce • Growing ounces per share • A leader in sustainability Towards being the global leader in sustainable gold mining 23
Slide 24: A Deep Value Opportunity: Investor Relations
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 Willie Jacobsz Senior Vice President Head of Investor Relations (office) 508 839-1188 (mobile) 857 241-7
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